Tag Archives: China

WTI crude, futures on NYMEX, holds above $119.00 and faces a minor time correction after a vertical upside move. Crude oil is enjoying its gains despite the renewed concerns of another lockdown in China to contain the spread of the Covid-19.The Chinese economy was recovering from lockdown measures in Shanghai …

Wall Street’s main indexes retreated in mixed trading Thursday. Technology and growth equities are struggling to find direction amid rising treasury yields and weaker risk appetite on the back of accelerating concerns around soaring inflation and aggressive interest rate hikes.The Dow Jones Industrial Average was down 60.73 points, or 0.18%, …

Gold price witnessed some selling on Thursday amid a further rise in the US bond yields. Hawkish central banks further contributed to driving flows away from the commodity. A softer risk tone, modest USD downtick extended some support and helped limit losses.Gold Price edged lower on Thursday and was last …

Since OPEC+ started retrogressive last year the record cuts from April 2020, the group has been struggling to meet its production quota as many members lack spare capacity or investment to increase production. OPEC+ is currently pumping 2.6 million barrels per day (bpd) of oil below its target, and efforts …

The WTI crude has recovered back above $120 after the latest US EIA inventory report showed gasoline stocks falling unexpectedly. Prices remain well supported against the backdrop of strong and rising demand plus OPEC+/Russia supply woes.Crude oil prices have been trading with an upwards trajectory in recent sessions and weeks, …

The market sentiment dramatically changed from optimism during Asian trading session into pessimism during the US session. The early positive mood was on the back of hopes that the global economic situation would start improving after Beijing continued easing coronavirus-linked restrictions.The sentiment deteriorated after the bell on Wall Street, as …

Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development Department at Noor Capital and member of the US Society of Technical Analysts, commented on the latest developments of the financial markets; and most notably oil and the upcoming Fed’s policy decision.First: OilAsked whether the unmistakable surge of oil …

China’s Prime Minister Li Keqiang has recently warned that the country’s economy is struggling to stay on track, this sort of warning may have a projected impact on the Chinese global investment plans. Some economists believe that any slowdown will also hinder the China’s efforts to present itself as an …

WTI hit fresh three-month highs near $121 earlier in the session, but has since pulled back to the $118s. Oil prices were initially boosted on Monday amid a Saudi hike, China lockdown easing and following last week’s OPEC+ meeting.Having at one point come within a whisker of hitting the $121 …

The WTI crude is holding near Thursday’s highs in the $117 territory despite risk-off Wall Street flows; post-strong US jobs data.Front-month WTI futures held near Thursday’s highs on Friday, despite US equity markets trading with a downside bias on Fed tightening fears following robust US labour market data. WTI retreated …