OPEC oil production rose by 0.5 million barrels per day during the past month, as the increase came with the rise in supplies in 3 countries. The monthly report of the Organization of Petroleum Exporting Countries, issued today, Wednesday, showed…
Continue ReadingIraqi Oil Minister Ihsan Abdul-Jabbar said that oil prices should stabilize around current levels, reflecting the market balance. Iraq is counting on the price of oil to reduce the budget deficit, as next year's budget is expected to witness an…
Continue ReadingSummary: Equities traded choppily yesterday, neither managing to sustain a rally nor close anywhere near the session lows, though US equities did close marginally lower yesterday and sideways overnight in a fairly downbeat Asian session. Today, we look forward to…
Continue ReadingThe EUR/USD is struggling to prolong its rebound and has returned below 1.1550. EUR/USD is struggling to make a meaningful move in either direction. After a day of advances, the US Dollar Index has entered a period of consolidation.…
Continue ReadingGold prices rose in trading on Tuesday, supported by rising concerns about inflation, as the sentiment of risk aversion and inflation fears boosted the attractiveness of the precious metal. This comes despite the gains capped by the strength of the…
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