Tag Archives: Oil

Oil prices continued their descent in Asian trading on Wednesday, extending losses from the previous session where they fell over three percent to their lowest levels in six months. The decline is attributed to concerns about demand and excess supply in the market. As of 0621 GMT, Brent crude futures …

The US crude oil futures contracts experienced a resurgence of negative trades, resuming their downward trajectory after encountering a formidable resistance level around the psychological barrier of 72.00, resulting in significant losses. It’s worth noting that in a previous analysis, we highlighted the importance of a break below 70.50 as …

Oil prices rose on Tuesday after a Houthi attack on a chemical tanker heightened geopolitical tensions in the Middle East, but fears of slowing demand growth and excess supplies undermined gains. A cruise missile launched from Yemen hit a commercial tanker, causing fire and damage, but no casualties. By 0915 …

Oil prices rose on Tuesday as investors remained cautious ahead of important decisions on interest rates and the release of inflation data, but concerns about oversupply and slowing demand growth undermined the gains. By 0342 GMT, Brent crude futures for February delivery rose 26 cents, or 0.3 percent, to $76.29 …

The US crude oil futures contracts showcased a resurgence of positive momentum, steering away from their lengthiest series of losses since 2018 and attaining a recent peak at $71.77 per barrel in the previous trading session. From a technical standpoint, the outlook leans towards optimism, buoyed by encouraging signals emanating …

Amidst high inflation readings, asked about the most likely scenarios regarding the upcoming decisions by major central banks during the current trading week, and whether there be any interest rate cuts or unchanged rates, Mohammed Hashad, the Head of the Research and Development Department at Noor Capital and member of …

Chinese stocks fell on Monday, December 11, after data showed continued deflationary pressures as the country’s economy suffers from weak domestic demand. In contrast, Japanese stocks jumped amid increasing bets that its central bank may not raise interest rates next week. Inflation figures for November in China showed a faster-than-expected …

Oil prices rose on Monday, extending their gains for a second session as the United States sought to revive its strategic reserves, which provided some support, despite continuing fears of a glut in crude supply and weak growth in fuel demand next year. By 0119 GMT, Brent crude futures rose …

Gold price retreated below $2,000 for the first time since November 24, extending losses to 0.50%. The XAU/USD pair is trading at $1996, after hitting a daily high of $2034.00. The decline follows the latest US employment report, which showed the labor market is improving, with the economy creating 199K …

As voluntary production cuts are demanded by Russia and Saudi Arabia, oil traders are expecting a recovery in the oil market. Due to gloomy weather forecasts, natural gas is trading below $2.60, while WTI oil has pared some of its weekly losses and is moving closer to $71.50. As of …