Kremlin spokesman Dmitry Peskov said that his country did not consult OPEC + regarding its response to the Western price ceiling imposed on Russian oil, noting that Russia has the sovereign right to take whatever it deems appropriate to respond to such “illegal measures.” On Tuesday, Russian President Vladimir Putin …

European stocks rose in early trade on Wednesday and the FTSE 100 outperformed its peers after a long Christmas weekend as investors assessed Beijing’s steps towards reopening its Covid-hit economy. The STOXX 600 European shares rose 0.3 percent by 0809 GMT, while the Financial Times 100 rose 0.9 percent, as …

Oil prices fell on Wednesday on fears that a rising number of COVID-19 cases in China, the world’s largest oil importer, would impede the Asian country’s economic recovery as it eases pandemic restrictions, curbing oil demand growth. And by 0710 GMT, Brent crude futures for February delivery fell 68 cents, …

Gold fell on Wednesday, affected by pressure from the rising US dollar, but prices moved in a narrow range due to the absence of any new influences. By 0248 GMT, spot gold fell 0.2 percent to $1811.20 an ounce, and US gold futures fell 0.2 percent to $1818.90 an ounce. …

Oil hit a three-week high on Tuesday after the latest easing of COVID-19 restrictions in China spurred hopes of a recovery in fuel demand and additional support from a cut in energy production in the United States due to winter storms. The National Health Commission said on Monday that China …

European stocks rose on Tuesday, tracking a global rally in stocks after China eased COVID-19 restrictions, raising hopes for a recovery in the world’s second-largest economy. The pan-European STOXX 600 index rose 0.6 percent after the long Christmas weekend. It had lost about 12 percent since the beginning of the …

Gold prices rose on Tuesday, as a weaker dollar made bullion in which it is priced less expensive for overseas buyers despite thin trading after the long Christmas weekend. Gold rose 0.4 percent to $1,804.99 an ounce at 0546 GMT. US gold futures rose 0.4 percent to $1,811.90. The dollar …

Japan’s Nikkei share average touched a one-week high on Tuesday amid big gains in retail stocks after Takashimaya raised its earnings forecast and amid hopes for the return of high-spending Chinese tourists. The financial sector stocks also continued their strong performance after the sudden decision of the Bank of Japan …

Oil, Crude, trading

Negative trades continue to control the movements of the Canadian dollar due to the collision with the pivotal resistance level at 1.3680, which forced the pair to move negatively towards the last expected target at 1.3570, recording its lowest level at 1.3550. Technically, our trading tends to be negative, relying …