21.05.2022
Chicago 12, Melborne City, USA
Forex guide

Oil Futures Settle Modestly Higher

Crude oil futures settled higher on Friday, lifted by the proposed ban on Russian oil by the EU, and relaxation in Covid lockdowns in China. Strong consumption and stockpiles data from the US Energy Information Administration helped lift oil prices. Worries about global economic slowdown capped oil’s upside. West Texas Intermediate Crude oil futures for […]

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Forex guide

Oil Prices Slip As Shanghai Detects New Infec …

Oil prices slipped on Friday after rallying criticized the previous day amid expectations of a pick-up in energy demand in China, as the world’s top crude importer eased some COVID-19 lockdowns. Benchmark Brent crude futures slipped 0.3 percent to $ 111.70 a barrel, while US crude futures were down half a percent at $ 109.40 […]

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Forex guide

Oil Futures Recover After Early Weakness, Set …

Crude oil prices rallied against on Thursday, rebounding strongly after drifting down earlier in the session amid fears of a recession and uncertainty over sanctions on Russia by the European Union. Oil prices moved higher amid expectations of a pick up in energy demand on reports Chinese officials are planning to ease restrictions in Shanghai. […]

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Forex guide

Oil Extends Losses As Growth Worries Mount

Oil extended losses on Thursday as weak US housing data and a series of disappointing quarterly results from some major retailers added to fears of a recession. The uncertainty over sanctions on Russia by the European Union also weighed on oil prices. European Union members are still struggling to agree on a sixth package of […]

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Forex guide

Oil Futures Pare Early Gains, Settle Sharply …

Crude oil futures pared early gains and settled lower on Wednesday despite data showing a drop in crude inventories in the week ended May 13. The data also showed a fall in gasoline supplies last week. Reports that the United States is planning to relax sanctions against Venezuela and allow Chevron Corp to negotiate oil […]

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Forex guide

* US Crude Oil Inventories Decrease By 3.4 M …

US Crude Oil Inventories Decrease By 3.4 Million Barrels In Week Ended 5/13

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Forex guide

Oil Futures Settle Lower As US Looks To Eas …

Crude oil prices pared early gains and settled notably lower on Tuesday, reacting to reports that the Biden administration is set to ease some of the sanctions imposed on Venezuela. West Texas Intermediate Crude oil futures for June ended lower by $ 1.80 or about 1.6% at $ 112.40 a barrel, after having climbed to […]

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Forex guide

Oil Futures Pare Early Losses, Settle Sharply …

Crude oil futures shrugged off early weakness and settled settled higher on Monday, buoyed by rising gasoline prices. Oil prices drifted lower earlier in the day after weak data out of China revived fears of a global recession. Also, traders looked to take some profits after the sharp uptick in the previous session. Reports that […]

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Politics

Crude Oil Remains Imbalanced:

Another week of May brings a new decline in Oil. Brent is retreating and hanging around $ 109.50. A season of active car travel is starting in the US. In this light, demand for gasoline, which is getting more and more expensive, is rising. As a result, the problems with satisfying the demand are also […]

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Forex guide

Oil Prices Slip On Growth Worries

Oil prices slipped on Monday as shockingly weak data out of China revived fears of a global recession. Profit taking after sharp gains in the previous session also weighed on prices. Benchmark Brent crude futures declined 0.6 percent to $ 110.89 a barrel in European trade, while US crude futures traded 0.6 percent lower at […]

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