Share: WTI crude oil prices declined following the start of a truce in the Gaza Strip. OPEC+ postpones crucial meetings, sparking speculations of potential oil production cuts for 2024. Global factors like higher US crude stockpiles, China’s uncertain oil demand, and non-OPEC production growth contribute to Oil price trends. West Texas Intermediate (WTI),
Share: WTI prices are up for Friday, but Crude Oil remains significantly down from recent highs. Market fears about declining demand have replaced fears of spill-over from Gaza Strip conflict. Friday bidding likely a spot of profit-taking rather than outright reversal. West Texas Intermediate (WTI) Crude Oil prices have rebounded 2.8% on Friday,
China Petrochemical Corporation, better known as Sinopec Group, is the world’s largest oil refining, gas and petrochemical conglomerate. Its a Chinese state-owned firm and as such is administered by the Chinese Communist Party’s State-owned Assets Supervision and Administration Commission of the State Council (SASAC). On Saturday Sinopec and QatarEnergy (the world’s top LNG supplier) signed
× ابتدا وارد شوید برای استفاده از این ویژگی لازم است وارد حساب کاربری خود در «ای استخدام» شوید. جهت دریافت پیامک شامل رمز عبور پس از تکمیل فرم کلید دریافت پیامک را بفشارید. ایمیل یا شماره موبایل رمز عبور ورود با پیامک فراموشی رمز عبور کد امنیتی ورود با رمز عبور در سایت عضو
Share: WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore. West Texas Intermediary (WT) Crude Oil barrels are seeing some tension in the midrange on Friday, in play between $85.00
Share: CME Group’s flash data for natural gas futures markets noted traders reduced their open interest positions by more than 15K contracts on Thursday vs. the previous daily build. Volume, instead, left behind three consecutive daily drops and rose markedly by around 244.5K contracts. Natural Gas: A move to $4.00 does not look
Share: The Norges Bank was a leader in terms of policy tightening, beginning back in September 2021. Economists at CIBC Capital Bank see rates peaking at the end of the year. One last hike for the Norges Bank? Having hiked rates on 13 occasions, the Norges Bank remains biased towards an additional 25
Share: WTI surged over 5%, trading at $90.87 per barrel, in response to escalating military actions between Israel and Palestine. Israel’s ground offensive in the Gaza Strip triggers a risk-off market mood, boosting safe-haven assets and oil prices. Iran’s Oil Minister predicts crude prices could hit $100 per barrel due to the intensifying
CRUDE OIL PRICES OUTLOOK Oil prices extend losses for the second consecutive day, reversing most of Monday’s rally Despite the recent pullback, geopolitical tensions in the Middle East create a constructive backdrop for energy markets. This article looks at the key technical levels for oil to keep an eye on in the coming days. Trade
CRUDE OIL PRICES OUTLOOK Oil prices soften after Monday’s strong rally. Despite Tuesday’s move, geopolitical tensions in the Middle East create a constructive backdrop for energy markets in the near term. This article looks at oil’s key technical levels to watch in the coming days and weeks. Trade Smarter – Sign up for the DailyFX
