As world leaders and leaders gather in Glasgow for the COP26 climate summit, to renew their pledges to move away from fossil fuels and rely on renewable energy sources, the question is once again whether these sources are a reliable…
Continue ReadingOil prices extended their gains to more than 2%, during trading today, Thursday, with the expectation of the OPEC + alliance’s decision on production policy. Investors expect the major producers in the OPEC + alliance to stick to the policy…
Continue ReadingU.S. stock futures inched higher, putting Wall Street indexes on course to extend gains that followed the Federal Reserve’s move to scale back its bond purchases. S&P 500 futures gained 0.1% and futures tied to the Dow Jones Industrial Average traded just above…
Continue ReadingOil prices deepened their decline by about 3%, during trading today, Wednesday, as US crude fell below $ 82, after the release of data on crude stocks in the United States. This comes with mounting pressure on OPEC + to…
Continue ReadingThe EUR/USD remains under pressure near 1.1570, as the FOMC meeting approaches. EUR/USD keeps the offered stance unchanged around 1.1570. US ADP report surprised to the upside in October at 571K jobs. The FOMC event is due later with QE…
Continue Reading
