Oil, Crude, trading

The yellow metal prices started their first weekly trading on a slight upward bias, benefiting from building on the ground of the support 1851, which is near its highest level during the early trading of the current session around 1861. On the technical side, today the 50 day moving average …

Narrow range sideways trades dominate the movements of the euro against the US dollar, capped from the bottom above the minor support level of 1.2100 and from the top below the resistance level at 1.2170. Technically, and with a closer look at the 240-minute chart, we find the pair is …

The last week of January witnessed the first policy meeting for the United States Federal Reserve in 2021, one week following that of the European Central Bank (ECB). The Federal Open Market Committee (FOMC) decided to maintain interest rates and the pace of the asset-purchase program both unchanged following a …

Canada’s Real Gross Domestic Product (GDP) expanded by 0.7% in November to mark its seventh straight monthly expansion, the data published by Statistics Canada showed on Friday. This reading came in higher than the market expectation of 0.4%.

The US oil giant Chevron turned to incur losses in the fourth quarter of $ 11 million, as lower fuel margins, the costs of acquisitions and the effects of foreign currency overshadowed the improvement in the results of exploration activities. It is expected that oil companies will benefit from the …

A Reuters survey concluded that OPEC oil production increased for a seventh month in January after the organization and its allies agreed to further ease record restrictions on supplies, but an involuntary drop in Nigeria’s exports limited the increase. The survey revealed that the 13 member states of the Organization …

Data from the Turkish Statistical Institute showed that the country’s tourism revenues in 2020 decreased by 65.1% to 12.059 billion dollars, showing the impact of the widespread travel restrictions imposed due to the emerging coronavirus pandemic. The data also revealed that tourism revenues in the fourth quarter of last year …

WTI settled unchanged this week, with futures settling above $52 a barrel, but below an 11-month high that touched it earlier in the month, as worries about fuel demand overshadowed lower global supplies. Earlier in January, OPEC+ announced production cuts through the first quarter of 2021, Saudi Arabia engaged in …

Data for the weekly flows of Bank of America showed that investor money continued to flow at unprecedented levels on stocks last week in light of the retail trading fever, which saw GameStop shares rise more than 2500% since the beginning of the year so far for some time. In …