Oil prices rose on Tuesday after a report by the Organization of the Petroleum Exporting Countries (OPEC) said that market fundamentals remained strong and against the backdrop of concerns about possible supply disruptions as the United States tightens the noose on Russian oil exports. By 0113 GMT, Brent crude futures …

In its monthly report issued on Monday, November 13, 2023, OPEC raised its expectations for growth in global oil demand to 2.44 million barrels per day in 2023. OPEC also maintained its expectations for growth in global oil demand in 2024 at 2.25 million barrels per day, and its expectations …

The dollar rose to its highest level in more than a year against the Japanese yen on Monday, supported by declining expectations that the Federal Reserve (the US central bank) will cut interest rates next year. Japanese Finance Minister Shunichi Suzuki said that the government will continue to monitor the …

On Monday, gold prices hovered near the lowest level in three weeks in light of the rise in the dollar and investors awaited US inflation data to obtain more indications about the path of US interest rates. Gold rose in spot transactions by 0.1 percent, recording $1,938.12 per ounce by …

Oil prices fell on Monday after rising on Friday after renewed fears of shrinking demand in the United States and China, which negatively affected market sentiment. By 0400 GMT, Brent crude oil futures for January fell 71 cents, or 0.87 percent, to $80.72 per barrel. West Texas Intermediate crude futures …

On Monday, November 13, the Japanese Nikkei index gave up its gains during the session to close without significant change, with investors resorting to selling to take profits with the index reaching near the level of 33 thousand points, while the shares of Shiseido Cosmetics Company fell strongly after it …

Oil, Crude, trading

Oil, Crude, trading

Positive trading prevailed in the movements of the Canadian Dollar pair as it followed the expected upward trajectory, reaching the official target stations at 1.3830 and 1.3860, with its highest level recorded at 1.3855. From a technical analysis perspective, the pair encountered resistance at the 1.3850 level, which curbed the …

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