Tag Archives: Oil

The price of crude oil rose on Friday, balking at the July U.S. jobs report, which suggested that the Federal Reserve could tighten further and limit the demand for crude oil. WTI rose to $90.69 per barrel on Friday at 11:22 a.m. ET, up $1.20 (+2.43%) on the day. Crude …

Risk-aversion came back benefitting the US dollar that is widely considered as a safe haven. US-Sino tensions arose on the arrival of US House Speaker Nancy Pelosi to Taiwan. Pelosi supports the local government against China’s will.Crude oil prices, on the other hand, recovered some ground and the barrel of …

Interviewed by Dubai TV, Mohammed Hashad, Head of Research and Development at Noor Capital and member of the American Association of Technical Analysts, shed light on the latest developments in the financial markets: Despite the Federal Reserve raising interest rates by 75 basis points, the US markets are performing positively; …

US monetary policymakers opted a 75bps rate hike. Markets expected this move; a historically large hike. Jerome Powell explained that Fed would likely stop hiking once inflation is controlled. If unemployment rises, the job market weakens, and the US falls into a recession, Fed would ease policy due to lower …

Oil prices rose nearly $3 a barrel on Friday as attention turned to next week’s OPEC+ meeting and dimming expectations that the producer group will boost supply.Brent crude futures for September settlement, due to expire on Friday, gained $2.79, or 2.6%, to trade at $109.93 a barrel by 12:10 p.m. …

The US dollar fell over the past week by more than 1.5%, and closed at 106.410 last Friday. The US Treasury yields declined, but the gap remains large between the two-year yields of 2.9721 and the 10-year yields of 2.754. Following the conclusion of its two-day policy review meeting on …

All eyes focused on the ECB on Thursday, amid a series of events taking place in the European Union. The most relevant was the central bank’s monetary policy decision on hiking rates by 50 bps, the first hike in over 11 years, and the awaited move away from negative rates. …

Ahead of US official government data scheduled release on Wednesday, the privately surveyed oil stock data has been released:Crude +1.860M vs. +1.4M barrels expected. Gasoline +1.290M vs. +0.1M bbls expected.Distillate -2.153M vs +1.2M expected. Cushing +0.523M.WTI crude for August delivery closed up US$1.62 to US$104.22 per barrel a day prior …

The US Energy Information Administration expected in a report today, Monday, July 18, that oil production in the main shale basins in the United States would rise to the highest level since March 2020 next month. According to the report, US shale oil production may rise by 136 thousand barrels …

The US dollar started the first day of the trading week weaker than the previous week, losing ground against most rival currencies. In the US session, afternoon, the dollar bounced back, as Wall Street was not able to retain its early gains and eventually headed to the red territory.Commodity-linked currencies …