Tag Archives: Oil

The growth of Chinese exports slowed down in August to post 7.1% on an annual basis from a growth of 18% recorded in July, compared to expectations of a growth of 12.8%, at a time when the Corona pandemic is still casting a shadow on Chinese cities and factories located …

Oil prices rose on Wednesday on the back of Russian threats to withdraw from energy supply contracts, reversing losses incurred earlier in the session when they fell to their lowest levels since Russia’s invasion of Ukraine. Brent crude futures rose 85 cents, or 0.92 percent, to $93.68 a barrel by …

US crude oil futures prices declined yesterday, nullifying the expected positive outlook, in which we depended on the stability of intraday trading above the 88.00 level, touching the stop-loss order published in the previous analysis at 87.80. We made it clear that breaking the mentioned level puts the oil price …

Oil prices fell on Tuesday after a two-day rally, as concerns returned over weak demand and the possibility of raising interest rates, as crude gave up the support it got from the first cut in production targets announced by OPEC + since 2020. New closures to curb the outbreak of …

Mixed trading dominated the US crude oil futures prices yesterday, recording its highest level at 90.37, and it failed to stabilize for a long time above the 90.00 barriers. However, the current movements are stable at around $88.50 per barrel. Technically, we tend to the positivity in our trading, based …

In its most recent ministerial meeting, the OPEC group decided to reduce oil production by 100,000 barrels per day, compared to the increase approved during the last meeting. The OPEC + ministerial meeting confirmed the negative impact of volatility and low liquidity on the current oil market, and the need …

Oil prices jumped more than $1 a barrel on Monday, extending gains as investors awaited possible moves by OPEC+ producers to adjust production and support prices at a meeting later on Monday. Brent crude futures rose $1.43, or 1.5 percent, to $94.45 a barrel by 0054 GMT, after rising 0.7 …

The Non-Farm Payrolls report has been the dominant market for the past week. Nonfarm Payrolls in the US rose by 315,000 in August, this reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000. The Unemployment Rate rose to 3.7% …

The USD/JPY modestly fell on Friday, after hitting earlier at 140.79, the highest level since 1998. The weaker US Dollar impacted the pair following the official US employment report.gold traded at $1711.40 versus the previous closing price at $1696. Although gold was relieved by $20 rally after the key US …

Oil prices rose on Friday, thanks to expectations that the OPEC + cartel will discuss production cuts at a meeting on the fifth of September, but concerns about restrictions to combat Covid-19 in China and the weakness of the global economy continued to limit the gains. By 1140 GMT, Brent …