Search Results for: Crude oil
European markets advanced on Monday; Oil prices spiked overnight
February 15th, 2021
European markets advanced on Monday after a rally in Asia-Pacific overnight, with successful vaccine rollouts fueling hopes of a global economic recovery. The pan-European Stoxx 600 was up 1.1% by early afternoon deals, with media stocks surging 3.8% to ...
Oil prices boosted by Saudi Arabia pledge to deepen output cut
May 12th, 2020
Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid to help drain the glut in the global market that has built up as the coronavirus pandemic ...
European stocks traded lower on Friday; Oil prices spiked
January 3rd, 2020
European stocks traded lower on Friday as geopolitical tensions spiked after U.S. airstrikes in Iraq killed a top Iranian military commander. The pan-European Stoxx 600 slid 0.5% in early trade, travel and leisure stocks falling 1.4% to lead losses ...
Oil markets are one outage away from crisis
September 23rd, 2019
The supply disruptions in the oil market may not be over, despite volatility and prices easing in the days after the Abqaiq attack. The repairs at the Abqaiq processing facility are on an extremely tight timetable. According to Bloomberg, ...
How dependent is your country on oil imports?
September 3rd, 2019
In 2017 the European Union (EU) relied on net imports for 87% of its oil consumption. This ratio, known as the oil import dependency rate, is unchanged from 2016 and two percentage points below the peak of 89% recorded ...
XXX/JPY Crosses Going Higher as Stocks and Oil Looking BULLISH – Elliott Wave
August 28th, 2019
AUDJPY looks to be recovering after a bigger, five-wave drop from end of June, which found a base at the 69.95 level. We know that after a five-wave drop, a three-wave pullback is expected to follow, which means an ...
Elliott wave Analysis: NZDUSD Is Recovering Sharply, While Oil Goes With The Bears
June 4th, 2019
NZDUSD has turned up last week, exactly from the lower trendline support of a wedge pattern which appears completed now after a nice breakout. Recovery was also sharp so it looks like a part of an uptrend that may ...
Oil prices slip on Wednesday reversing earlier gains
March 27th, 2019
Oil prices declined on Wednesday, reversing earlier gains, as further disruptions to Venezuela’s crude exports were offset by a report that U.S. inventories rose last week. Brent crude futures were down 22 cents, or 0.32 percent, to $67.75 a ...
Oil prices fall after 8% jump the day before
December 27th, 2018
Oil fell on Thursday after soaring 8% in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil ...
Legendary trader Andy Hall bets oil prices are going to rebound
December 17th, 2018
Legendary oil trader Andy Hall says crude prices have likely hit a bottom after plunging more than 30 percent over the last two months. “I think with prices hovering around or a little over $50 a barrel, I think ...
