Crude prices surged as traders expect oil and natural gas production will be limited by a global drive to lower carbon emissions and a mix up secure supplies.U.S. crude rose 1.5% to $80.52 a barrel on Monday, closing above $80 for the first time since 2014 and bringing its climb …
Read More »White House stands by calls for OPEC+ to do more on oil prices
The U. S. supports calls for OPEC+ to do more to manage the economic recovery worldwide, a White House official said on Monday, as crude prices hit multi-year peaks. The official noted that Biden’s administration is closely monitoring the cost of oil and gasoline and using every tool to address …
Read More »USD/CAD jumps up to 1.2700 over Treasury yields
As Tuesday’s American trading session opened, the USD/CAD was trading at 1.2700, up by 0.59%.The USD/CAD pair has risen on the back of higher U. S. Treasury yields and the fall of the market’s risk sentiment.The U. S. 10-year Treasury yield reached a fresh two-month high at 1.567%. The fall …
Read More »Oil hits highest level as supply tightens
Brent has closed at highest since October 2018, driving NY ULSD futures to hit their highest up in almost three yearsU.S. oil/gas rig count has also risen for 14th month according to Baker Hughes, so, for a third successive week, oil prices have risen to a near three-year high on …
Read More »US Stocks Opened Mixed, Crude Oil Prices Rise
The US major stock indices opened mixed, close to Wednesday’s closing levels. Looking at the major indices, the S&P 500 is down 0.1% today, almost unchanged at 4,354, the Dow Jones Industrial Average is down slightly by 0.33% at 34,683, and the Nasdaq Composite opened slightly higher by 0.25% at …
Read More »Dubai TV Interview, April 5, 2021
In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. US The US jobs report (NFP) came as a surprise, contrary to expectations, as the US economy added 916 thousand jobs compared to expectations of 652K, with …
Read More »Dubai TV Interview, March 15, 2021
In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. US dollar This week is one of the most important weeks for the US dollar, with markets awaiting the Federal Reserve’s statement and interest rates decision, with …
Read More »Dubai TV Interview, March 8, 2021
In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. Oil Purchasing biases pushed crude oil prices to touch the highest level since October 2018, and we can say that the biggest supporter of the rise in …
Read More »Dubai TV Interview, March 8, 2021
In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. Oil Purchasing biases pushed crude oil prices to touch the highest level since October 2018, and we can say that the biggest supporter of the rise in …
Read More »Dubai TV Interview, November 16, 2020
In an interview with Dubai TV, Director of Research and Development at Noor Capital, Mohamed Hashad takes a closer look at the markets. Oil Oil began to rise towards $ 41 levels on their way to record the second week of gains by more than 10%. There are several factors …
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