Tag Archives: Oil Prices

Oil prices rose on Monday as traders anticipated the possibility of a supply disruption in the Middle East after strikes launched by American and British forces on targets of the armed Houthi group in Yemen to prevent them from attacking ships in the Red Sea. By 0405 GMT, Brent crude …

Oil prices are rising due to increased tension in the Middle East, with tensions building up further. The DXY US Dollar Index is above 102, but it remains below a target of 102. 60 airstrikes took place by the UK and the US against Houthi positions in Yemen, marking the …

Earlier on the trading day, oil rose on the back of news reports about ship attacks near Yemen. However, economic data continues to soften. OPEC production unexpectedly increased, further pressuring WTI bids. News reports of ongoing attacks on cargo ships off the coast of Yemen sparked a brief rally in …

The United States launched Operation Prosperity Guardian, a multilateral naval operation involving the United Kingdom, Canada, France, Bahrain, Norway, and Spain. Oil tycoon BP has temporarily stopped shipping any crude along the route; rival energy tycoon Shell has not yet responded.Oil PricesAttacks on commercial ships in the Red Sea have …

Goldman Sachs said the disruption to energy flows in the Red Sea would likely not have a major impact on crude oil and liquefied natural gas prices, as opportunities to reroute ships meant production should not be directly affected. Oil prices rose on Tuesday, continuing the gains they achieved in …

The Canadian dollar is moderately gaining support from a crude oil rally. Markets are still tepid this week, with CAD traders waiting until Bank of Canada Governor Tiff Macklem’s appearance late Friday before finding tradeable headlines. Markets are eagerly waiting the Federal Open Market Committee meeting to deliver their updated …

The US Bureau of Labour Statistics is set to release November’s jobs report on Friday, December 8, with expectations for a 180,000 rise in Nonfarm Payrolls. Gold is expected to react stronger to a disappointing jobs report than an upbeat one. US stocks are trading modestly higher on Thursday, led …

On Wednesday morning during the early Asian session, the price of gold (XAU/USD) declines. The yellow metal declines due to the renewed demand for US dollars (USD). The US Dollar Index (DXY), which measures the value of the US dollar relative to a weighted basket of currencies that is used …

Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, commented on the key developments in the markets and the performance of the most important assets, in an interview on Dubai TV. Expected DataHashad explained that the markets are awaiting high-impact …

Recent developments, such as the Middle Eastern ceasefire and a notable increase in US stockpiles, are causing oil prices to decline. Following the release of the latest FOMC Minutes, which showed that all Fed’s policymakers decided not to change rates anytime soon, the US dollar has been strengthening as markets …