Search Results for: Energy
Oil prices rise on tightening supply, strong demand
October 23rd, 2017
Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures LCOc1, the international benchmark for oil prices, were ...
Oil prices stable; What the analysts see
October 19th, 2017
Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. Brent crude futures LCOc1 were at $58.10 at 0411 GMT, slightly lower than their ...
Oil markets jump on fears of new Iran sanctions
October 16th, 2017
Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there. Brent crude futures LCOc1, ...
Dollar advanced against its major G10 peers; Key events coming up this week
October 16th, 2017
Stocks in Asia advanced with bonds after inflation data in the U.S. added to evidence that global growth is continuing steadily with limited price pressures in the American economy. Equity indexes climbed from Tokyo to Sydney with a gauge ...
Oil prices rises on tighter U.S. market, strong China imports
October 13th, 2017
Oil prices rose on Friday as both U.S. crude production and inventories declined, pointing towards a tightening market. Strong Chinese oil import data also supported crude prices, traders said. With the Organization of the Petroleum Exporting Countries (OPEC) leading ...
How the oil prices move in Asian session
October 11th, 2017
Oil prices edged up on Wednesday, extending 2 percent gains recorded the previous day, on signs that markets are gradually tightening after years of oversupply, although the outlook for 2018 remained less certain. U.S. West Texas Intermediate (WTI) crude ...
Early Forex and Shares market review
October 11th, 2017
A broad index of Asian shares touched a decade-high on Wednesday, taking cues from signs of confidence in the U.S. Meanwhile, the euro held onto overnight gains after Catalonia held back on an outright declaration of independence. During the ...
Elliott Wave Analysis: USD Index and Crude OIL
October 10th, 2017
Elliott Wave Analysis: USD Index and Crude OIL USD Index is making a new sharp decline away from 94.30 region, where bigger degree wave 5 was completed. We now see a five-wave fall in play with price trading ...
Sanctions against Russia have cost European Union €30bn
October 9th, 2017
New research by the Austrian Institute of Economic Research (WIFO) suggests the EU’s economic sanctions against Russia introduced three years ago have cost European countries billions of euro. The survey, which was conducted at the request of the European Parliament ...
Venezuela suggests global oil trade in Russian ruble & Chinese yuan
October 5th, 2017
The President of Venezuela Nicolas Maduro has proposed oil producing countries should discuss creating a currency basket for trading crude and refined products. “Developing a new mechanism of controlling the oil market is necessary,” he said on Wednesday at ...
