Black market operations caused damage to Ghana's oil sector, forcing a coordinated effort by the government and those concerned in the energy sector to crack down on illegal dealers. According to the local Ghana Web site, the Union of Oil…
Continue ReadingIn light of major headlines, the session was uneventful, but the dollar was active, as it found a buy early on and maintained gains throughout the morning in Europe. Markets: USD leads, CHF lags on the day European equities higher;…
Continue ReadingInvestors welcomed the latest indication of a durable recovery in global economies, and rising oil prices buoyed energy equities, sending stock indexes near record highs on Wednesday. However, traders were less upbeat than on Tuesday as they awaited critical U.S.…
Continue ReadingBefore the end of the session, oil continued to keep higher, up 2.8% at around $68.20. Let's review the production quota commitment figures for the current agreement before holding today's meetings: Let's start with the 13 OPEC member countries; I…
Continue ReadingStrong metal and oil prices supported shares of key commodities companies. Statistics indicated euro zone manufacturing activity expanded at a record pace in May, pushing European equities to new highs. After a holiday on Monday, the pan-European STOXX 600 index…
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