Tag Archives: COVID-19

WTI crude futures are currently trading above a key area of support in the USD 70.00 region, a psychologically important level that also coincides with WTI’s 200-day moving average (which resides at USD 70.37). In recent trade, WTI dipped under the USD 70.00 level and the 200DMA to print session …

WTI crude oil briefly pushed back above USD 72.00 on Friday after not as high as feared US inflation triggered risk-on. Oil prices have since eased back but remained on course for their best week since August. Oil prices remained uneven on Friday, though have for the most part traded …

The Swiss government is considering further of Covid-19 restrictions in order to contain a recent rise in infections. The government is considering imposing new rules to restrict indoor public access to vaccinated and naturally immune individuals, whilst indoor locations where face masks cannot be worn would require negative tests for …

Higher Saudi prices for January delivery, lower overall demand for crude amid the Omicron uncertainty, the Chinese crackdown on illicit practices at its independent refiners, and refinery maintenance season starting in late Q1 2022 have resulted in Asian refiners abstaining from extra Saudi crude supply for loading in January.Refiners in …

Markets retreated from their previous surging for three successive trading sessions, opening lower Thursday morning, despite fresh data from the US Labour Department that showed the number of Americans filing initial jobless claims fell to the lowest level in 52 years. All major US indexes were down in early trading, …

The dollar reaped some strength during London trading hours but finished the day down against most major currencies. The US dollar fell despite European and American indexes closed mostly in the red territory, and while government bond yields extended gains to fresh weekly highs.Some profit-taking and the opinion that the …

As markets, investors and traders expected, UK Prime Minister Boris Johnson announced that the UK will move to COVID-19 “plan B”.Guidance to work from home has been reintroduced, face mask requirements will now be expanded to most public venues and the NHS will make the NHS COVID Pass mandatory for …

Crude oil prices have been choppier on Wednesday than the previous two days. WTI crude futures have dumped within a USD 71.00 – 72.70 range over the past few hours, swinging between gains and losses. WTI slump back under the USD 72.00 to around USD 71.75, where it trades broadly …

Optimism about the U.S. economy registered its biggest bounce in more than a year in December, after sinking to COVID-era lows a month earlier.The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, jumped 4.5 points to 48.4. Still, the index remained in modestly pessimistic territory. Readings above …

The economic recovery from a pandemic in the Eurozone is still incomplete and the recent inflation shock along with a new pandemic waves are endangering the rebound, European Central Bank policymaker Fabio Panetta said on Thursday.“The inflationary spike stemming from global supply shocks and the resurgence in the pandemic are …