Oil, Crude, trading

Oil, Crude, trading

The yellow metal prices recovered during the previous trading session, nullifying the negative outlook as we expected, in which we depended on the stability of trading below the level of 1691 touching the stop-loss order published in the previous analysis, The return of price stability above 1691, a correction of …

Quiet trading dominated the movements of the euro against the US dollar, in the context of re-testing the resistance indicated in the previous analysis at 1.1750. Technically speaking today, we find the euro stable below the mentioned resistance level, and the 50-day moving average is still an obstacle in front …

According to a Reuters survey, OPEC oil production rose in March, as an increase in supplies from Iran was matched by reductions from other members under an agreement with allies, and represents an obstacle to efforts to limit supplies if the increase by Tehran continues. The survey concluded that the …

According to a Reuters survey, OPEC oil production rose in March, as an increase in supplies from Iran was matched by reductions from other members under an agreement with allies, representing an obstacle to efforts to limit supplies if the production increase by Tehran continues. The survey concluded that the …

The head of the Suez Canal Authority, Lieutenant General Osama Rabie, stated that the navigation traffic in the canal is working on a regular basis, as the navigation reports record, today, Wednesday, 81 ships crossing from both directions, with a total net tonnage of 4.8 million tons. A net amount …

Pfizer-BioNTech announced on Wednesday that their COVID-19 demonstrated 100% efficacy and robust antibody responses in participants aged 12-15 years old, as reported by Reuters. “Companies plan to submit these data to the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) as soon as possible to request …

A report issued from an OPEC + expert team committee reviewed by Reuters revealed that the cartel has lowered its forecast for global oil demand growth in 2021 by 300,000 barrels per day, indicating concerns about the market’s recovery in light of a new wave of lockdown measures to combat …

The dollar hit a new year high against the yen and a multi-month high against other competitors on Wednesday (March 31st), as investors speculate that a massive fiscal stimulus package and an expanded vaccination campaign will help the United States lead the global pandemic recovery. Today, US President Joe Biden …