Tag Archives: Oil

Oil fell 2 percent on Thursday, after hitting prices not seen in nearly a decade, amid selling on hopes that the United States and Iran will soon reach a nuclear deal that could contribute to increasing supply, which is currently suffering from tightness. Trading was volatile, with crude oil prices …

Oil prices continued their rally on Thursday, with Brent crude heading towards $120 a barrel, its highest level in nearly a decade, due to US sanctions on Russian refiners, shipping disruptions, and a drop in US crude stocks to their lowest level in years. Brent crude futures prices rose to …

Oil prices jumped above $110 a barrel on Wednesday, extending their rally since Russia invaded Ukraine seven days ago, amid expectations that the market will remain in short supply for months following the imposition of tough sanctions on Moscow and the mass exodus of major companies’ investments in Russian oil …

Oil prices rose on Wednesday as fears of supply disruptions mounted in the wake of massive sanctions on Russia’s banks as fighting intensified in Ukraine, while traders scrambled to search for alternative oil sources in an already tight market. Brent crude futures rose more than $8 to touch a peak …

US President Biden will deliver his first State of the Union address Tuesday, within a few hours, as he seeks to contain the impact of the running war in Ukraine, guide the US and its economy through the Covid-19 pandemic, and help buoy Democrats in November’s midterm elections.Biden will juggle …

Filtering information is one of investors’ most important tasks. It is normally a difficult task under the best conditions, but right now, amid the fog of war, filtering information is nearly impossible.Away from reports, fake images and news from Russia and Ukraine, the fog is also engulfing a lot of …

Oil prices rose on Tuesday as concerns about potential supply disruptions after the Russian invasion of Ukraine and associated sanctions overshadowed talk of a coordinated global drawdown of crude stocks to calm markets. Brent crude futures rose $3.04, or 3.1 percent, to $101.01. The benchmark touched a seven-year high of …

The USD/CAD has tumbled below 1.2700 amid higher oil prices on an escalation in sanctions on Russia. The Canadian dollar has also been dumped after the safe-haven assets lose their appeal.The USD/CAD pair has shrugged off its gains on Thursday’s trading session and has tumbled below 1.2700 despite the unavailability …

Unless Moscow rolls back Russian troops shortly, which still seems doubtful, risk-on appetite in markets is believed not to continue for longer.Speculations tend to support the view that Russia’s invasion of Ukraine will slow the planned pace of US Fed’s quantitative tightening which is awaited mid-March.Investors and consumers are monitoring …

Markets stayed relatively quiet early Friday and the DXY extends its corrective slide as investors braced for another turbulent day. Economic Data Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods orders in the United States to double the level of market expectations. …