Oil, Crude, trading

We committed to the intraday neutrality during the previous analysis due to the contradictory technical signals, to find that gold prices witnessed positive moves, negating the bearish tendency to reach its highest level during the Asian session at 1858. On the technical side, and with a closer look at the …

The Euro opened its daily trading with a bullish bias, benefiting from consolidation above the psychological barrier support of 1.2100. Technically speaking, with a closer look at the 240-minute chart, we find the RSI indicator started to get bullish momentum, supporting further rise in the pair, and we also find …

Industrial Production in the United States expanded by 0.4% on a monthly basis in November, the US Federal Reserve reported on Tuesday. This print followed October’s increase of 0.9% and came in slightly better than the market expectation of 0.3%.

The euro held on to its gains on Tuesday, December 15th, as it hovered close to its highest level in two and a half years as investors ignored new general isolation measures to combat Covid-19 virus and focused on the possibility of applying more US stimulus, which would negatively affect …

British Prime Minister Boris Johnson’s spokesman said on Tuesday that the PM has reemphasised to his cabinet his desire to reach a trade deal with the European Union but not at any cost, per Reuters. “The PM restated to the cabinet that a no-trade deal was the most likely outcome,” …

Oil prices rose above $50 on Tuesday (December 15th), as the start of Coronavirus vaccination campaigns favored the tightening of general isolation measures in Europe and expectations of a slower recovery in demand. The United States began vaccination campaigns on Monday, while the deaths due to the pandemic exceeded 300,000. …

The European Medicines Agency is expected to approve the coronavirus vaccine developed by Pfizer and BioNTech on December 23rd, Reuters reported on Tuesday, citing a German government source.

The International Energy Agency has warned that the start of vaccination campaigns to prevent Coronavirus this month will not quickly reflect the devastation inflicted on global oil demand. “The understandable euphoria around the start of vaccination programmes partly explains higher prices but it will be several months before we reach …

Data announced by the Office for National Statistics today, Tuesday, revealed that China’s domestic production of crude oil in November rose 1.2% year-on-year to 15.96 million tons. Production since the beginning of the year reached 178.63 million tons, up 1.6% year-on-year. Refinery consumption of crude oil at the national level …