Fresh attacks and partisan row are ahead for U. S. economy as Republicans lawmakers and strategists are capitalizing on news that the economy expanded at a weak pace in Q3 to criticize Biden and Democrats, accusing them of unskilled recovery tactics from the pandemic recession. The U. S. Dollar Index …
Read More »U.S. drillers add oil gas rigs for 15 successive months
U.S. energy firms added oil and natural gas rigs for a 15 successive months in October as oil prices soared to fresh highs, prompting some drillers to return to the drilling sites.The oil and gas rig count, an early indicator of future output, rose two to 544 in the week …
Read More »Reuters: OPEC+ Cuts Its Forecast For Oil Demand Growth in 2021
Reuters quoted two sources as saying that the OPEC+ Joint Technical Committee reduced its estimates for the growth of global oil demand this year to 5.7 million barrels per day from 5.8 million, amid the continued strong recovery of consumption since its collapse in 2020. One of the sources said …
Read More »Crude Oil Tends to be Negative
Oil, Crude, trading
Read More »Crude Oil Fell by 1% Post Data
Oil, Crude, trading
Read More »Oil is Looking For Confirmations
Oil, Crude, trading
Read More »Volatility raises investors’ concerns on energy and commodities
Energy is currently the number one ranked U.S. sector in terms of risk adjustments due to steep rise that has occurred over September. Investors should be weary of the energy sector because although it is ranked first, it is highly volatile when it comes to investing in securities that experience …
Read More »Oil Prices Fall Amid Fears of a Global Economic Slowdown
Oil prices continued to decline for the second day in a row, after the strong gains they achieved at the end of last week’s trading. Pressures on oil prices increased at the beginning of this week after a number of reports were issued by investment banks and institutions warning of …
Read More »Oil Retests Support
Oil, Crude, trading
Read More »Oil Breaks Through Resistance
Oil, Crude, trading
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