Tag Archives: Oil

Oil prices rose on Monday, extending the gains made last Friday, supported by growing optimism that the impact of the mutated Omicron strain of the Coronavirus will be limited to global economic growth and fuel demand. US West Texas crude rose 69 cents, or 1.0 percent, to $72.36 a barrel, …

Oil, Crude, trading

Central bank decisions, Omicron developments, and US inflation data were the past week’s highlights. The Reserve Bank of Australia decided to keep the interest rate at as low as 0.10% but left the door open to expectations of a rate hike earlier than previously thought in 2022. It indicated that …

Oil, Crude, trading

Oil, Crude, trading

Oil, Crude, trading

Iraq’s oil minister said, Tuesday, that his country policy in OPEC is based on reservations about the unjustified increase in production.Minister Ihsan Abdul-Jabbar added that the contract signed with France’s Total would generate more than USD 85 billion in profits for Baghdad over 20 years. Total will build four giant …

Ivey PMI, which is released by the Richard Ivey School of Business on a monthly basis and depicts the business conditions outlook in Canada, has remained at 61.2 in November after also posting the same reading 61.2 in October.As with other PMI indicators, a result above 50 is generally associated …

Oil, Crude, trading

Speaking on Dubai TV, Monday, Mohamed Hashad, Director of Research and Development at Noor Capital and member of the American Association of Professional Technical Analysts shed light on a number of developments in the markets this week Firstly, on the relationship between the Federal Reserve’s decision and Omicron strain, and …