Tag Archives: Crude oil

USD/CAD surges during the New York trading session, up 0.06%, trading at 1.2424 as portrayed by European and US equity indices fluctuating between gainers and losers, the market sentiment is subdued ahead of the Federal Reserve’s November meeting.Retreating crude oil prices, with WTI falling by almost 3.5%, impacted the oil-linked …

Prices of the barrel of the U. S. benchmark for the sweet light crude oil have remained on the defensive and approach the $81.00 mark midweek.Crude oil prices lose ground for the second successive session on Wednesday and threaten to breach the $81.00 mark per barrel following another unexpected build …

Hosted by Dubai TV, Mohamed Hashad, Director of Research and Development at Noor Capital, said that there are factors that could pressure oil prices during the upcoming period. Given that it is one of the most traded assets in the markets, it is sensible that oil prices occupy traders and …

Financial markets stayed calm, on Monday, ahead the storm of three central bank meetings this week; the Reserve Bank of Australia meets Tuesday, the U. S. Fed on Wednesday and the Bank of England Thursday.Global stock markets rose helped by developments on fiscal stimulus and undeterred by concerns of future …

Oil prices settled higher on Monday as expectations of solid winter demand and a belief that a key producer group will not change the current production pace fast helped reverse initial losses caused by the release of fuel reserves by No. 1 world energy consumer China.Brent crude futures settled up …

Commodities are rising again, with copper, aluminum, crude oil, natural gas and wood reaping significant gains compared to pre-pandemic levels.Supply disruptions and a global push toward sustainability may be driving the commodity boom, even as fiscal stimulus and low rate policies also impact the overall economic scene.The U.S. government and …

From Europe to the United States, market drivers ranged from unemployment, inflation-related concerns, earnings and alarming losses to inventories of energy, particularly natural gas. On Friday, Fed’s Chair Jerome Powell officially announced that the U. S. economy is ready for reducing the asset purchases, however, he did not think that …

WTI futures have bounced up to $82.50. the U. S. crude oil regained previous losses to return to levels near multi year highs at $83.95.Crude prices remain within previous ranges, consolidating after a nine week surge, however, oil prices retreated earlier today as the German Chancellor, Angela Merkel, and Federal …

U.S. energy firms cut oil and natural gas rigs, Friday, for the first time in seven successive weeks even as oil prices rose to new seven year highs.The U.S. oil and gas rig count fell by 1 to 542 in the week to Oct. 22, energy services firm Baker Hughes …

The U. S. session witnessed no significant developments in terms of economic data. Positive corporate earning posts continued to back Wall Street and benchmark indexes.Wall Street cheered solid earnings from several health care companies. Abbott Laboratories for medical devices and drugs rose 3.6% beating Q3 estimates. Health insurer Anthem rose …