Oil prices continue as one of the hottest issues across global financial markets. WTI Crude Oil has spent the most of the previous three months funneling lower, taking on the form of a falling wedge. Such formations are often tracked for bullish reversal potential.The price action is consistent with two …

Bitcoin and Ethereum have extended their declines from Friday’s drop in Monday morning trading, though recovering a bit from an even deeper slump seen earlier in the session.The bearish price action also came as U.S. Treasury yields rose slightly across the curve, with the 10-year (US10Y) up three basis points …

The United Kingdom recorded its biggest fall in output in more than 300 years in 2020 when it faced the brunt of the COVID-19 pandemic, as well as a larger decline than any other major economy, updated official figures showed on Monday.Gross domestic product fell by 11.0% in 2020, the …

The Euro is under pressure as Russia to halt gas supplies, while the Chinese Yuan dips to nearly 2-year low as PBOC eases policy again. The U.S. dollar rose across the board on Monday, briefly driving the euro back below parity, as investors shied away from riskier assets amid growing …

Saudi Arabia’s energy minister said, on Monday, that OPEC+ has the means to deal with market challenges including cutting production at any time, in different forms.“Oil market has fallen into a self-perpetuating vicious circle of very thin liquidity, extreme volatility undermining market’s essential function of efficient price discovery,” the minister …

Natural gas prices jumped up nearly 20% as Russia gets ready to shut down vital pipeline again. News of another expected shutdown for the crucial Nord Stream 1 natural gas pipeline sent the region’s prices soaring to start the week.September Title Transfer Facility (TTF) natural-gas futures in the Netherlands jumped …

German chancellor visits Canada in pursuit of for alternatives to Russian natural gas. Chancellor Olaf Scholz plans to sign hydrogen supply chains deal as pressure mounts over looming winter crisis. The German chancellor describes his visit as an urgent mission to extract Germany from its dependence on Russian gas and …

The US dollar gained 0.73% to 136.87 against the Japanese yen, the strongest since July 27. Sterling tumbled 1.03% to $1.1813 and had its biggest weekly drop against the dollar since September 2020.The US central bank needs to keep raising borrowing costs in order to tame high inflation, as clearly …

On Friday, WTI crude oil trades at $90.44 versus $90.11 on Thursday. Brent trades at $95.17 versus $90.75 on Thursday.Bearish sentiment dominated oil markets amid fears of demand destruction. Rumors on nuclear deal renewal are pushing crude prices down. Inventory draws in the US are pushing prices higher, but downward …

Shares of GSK, Citigroup and Stellantis are now among those left undervalued even after the overall Wall Street’s earnings rally on robust results.The entire group of six is Stellantis, Volkswagen, Citigroup Inc, Evercore Inc, Energy Transfer LP and GSK PLC. Stocks have rallied more than 17% from bear-market lows part;y …