The Federal Reserve's path toward halting asset purchases, a rebound in the US currency, and concerns about global energy demand all contributed to oil's significant weekly loss. The Federal Reserve's path toward halting asset purchases, a rebound in the US…
Continue ReadingOil prices are down 3%... and Brent crude is less than $67 With the increase in Corona injuries and the recovery of the dollar Oil prices deepened their losses today, Wednesday, by more than 3%, coinciding with the increase in…
Continue ReadingInvestors weighed the growing opening of economies throughout the world against rising cases of the COVID-19 Delta version. Stocks, oil, and Asian currencies all held steady on Wednesday. European shares edged up with the benchmark STOXX index rising 0.3% after…
Continue ReadingAfter the Energy Agency's warnings about demand : Oil prices fell by about 1% during trading on Friday, after warnings from the International Energy Agency about slowing global demand growth for oil. A report on oil rig activity in the…
Continue ReadingChina's sour tones weighed on sentiment earlier, but the bleeding has halted now that local markets are closed. As the focus now shifts to European trading and attention returns to the Fed tomorrow, this may be helping to see the…
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