Tag Archives: Oil Prices

USD/CAD has lost ground due to hot PPI data from the US, which rose to 2.4% YoY in July. Higher oil prices have helped the Canadian dollar trade strong against most rival currencies. The US dollar is trading mildly stronger due to the hot Producer Price Index (PPI) from July …

Oil prices fell slightly on Friday as investors weighed the upbeat demand outlook from the Organization of the Petroleum Exporting Countries (OPEC) and at the same time mixed economic data from China. Brent crude fell 15 cents to $86.25 a barrel by 0515 GMT, while US West Texas Intermediate crude …

Oil prices fell on Thursday, after hitting multi-month highs in the previous session, as rising crude inventories in the United States and weak economic data from China added to concerns about global fuel demand. Brent crude fell nine cents, or 0.1 percent, to $87.46 a barrel by 0408 GMT, after …

US oil inventories surged in the week ending August 4, with crude oil inventories increasing by 5.851 million barrels, surpassing market expectations of -17.049 million barrels. Gasoline stocks declined by -2.661 million barrels, while oil derivatives and products inventories fell by -1.706 million barrels. The US production rate of oil …

Petrobras retreated -0.5% pre-market Friday after Q2 earnings fell by nearly half from a year earlier on lower oil prices and a sharp drop in international crack spreads for diesel.Q2 net income fell to 28.8B reais (~$5.9B) from 54.3B reais in the year-earlier quarter, and recurring net income, which strips …

US equities dropped on Wednesday following Fitch Ratings’ downgrade of the US government credit rating late on Tuesday. The Dow Jones lost 0.98%, and the Nasdaq plummeted 2.17%. US yields peaked after the release of US data and then pulled back, with the 10-year settling around 4.07% and the 2-year …

Crude oil prices surged for the third consecutive day and for the seventh time out of the last eight days. WTI got closer to $82.00 per barrel and posted its highest close since mid-April.The US Dollar posted mixed results on Monday, rising versus the Euro, the Pound, and the Yen …

The USD/CAD pair dropped to 1.3170 as the bulls failed to reconquer the 20-day SMA. Global supply concerns are boosting Oil prices, favouring the Canadian dollar.The USD continued to recover following mixed PMIs. On Monday, the USD/CAD declined towards 1.3170 despite the USD trading strong against most of its rivals. …

The Standard & Poor’s 500 and Nasdaq indexes fell at the close on Wall Street on Thursday, affected by the decline in Tesla and Netflix shares after the release of their quarterly results, but the Dow Jones Industrial Average closed higher for the ninth consecutive day, thanks to Johnson & …

The International Energy Agency said on Thursday that oil demand will rise to a record level this year as supply tightens, but in light of adverse economic conditions and interest rate hikes, the increase will be slightly smaller than expected. However, the Paris-based agency expects demand growth next year to …