Search Results for: Oil price

US city files suit against Brazil’s Petrobras for securities fraud

December 30th, 2014 (1)
The City of Providence, Rhode Island filed a class action suit against Brazil’s state-run oil company Petrobras on Wednesday in the US District Court for the Southern District of New York. The complaint alleges Petrobras engaged in a fraudulent ...

Tuesday December 30: OSB Daily Technical Analysis – Commodities

December 30th, 2014 (0)
OSB Daily Technical Analysis for December 30, 2014 Gold broke below the 20 DMA on Monday closing in on the gap from the previous session. Resistance at $1200 remains strong with much pushback in the area. On the downside ...

FCA to regulate seven additional financial benchmarks

December 30th, 2014 (0)
The Financial Conduct Authority (FCA) will regulate seven additional major UK-based financial benchmarks in the fixed income, commodity and currency markets from 1 April 2015. This extends the FCA’s initial regulation of LIBOR (the London Interbank Offered Rate), as ...

Euro Falls to Two-Year Low Amid Greek Concern as Yuan Weakens

December 30th, 2014 (0)
The euro declined to a two-year low versus the dollar on concern anti-austerity opposition party Syriza will win Greek elections next month, endangering the country’s bailout agreement. The 18-nation euro fell versus 11 of its 16 major counterparts amid ...

Wednesday December 24: OSB Daily Technical Analysis – Commodities

December 29th, 2014 (0)
OSB Daily Technical Analysis for December 24, 2014 Gold went back and forth on day without showing much decisiveness for either direction. The close below $1180 suggest short term bias remains on the downside with US$ strength weighing against ...

Tuesday December 23: OSB Daily Technical Analysis – Commodities

December 23rd, 2014 (0)
OSB Daily Technical Analysis for December 23, 2014 Gold broke down on Monday breaking below the $1180 support figure with support holding at $1170. Yesterdays action signals Gold is ready to go lower with a possible test of recent ...

Monday December 22: OSB Daily Technical Analysis – Commodities

December 22nd, 2014 (0)
OSB Daily Technical Analysis for December 22, 2014 Gold hovered around the $1200 mark on Friday with momentum from previous days rally waning for a continuation rally. Gold still holding firmly in the general vicinity with no new buyers ...

What now for Putin after EU tightens Russia sanctions?

December 22nd, 2014 (0)
The pressure on the rouble has eased a bit, so the Russian president will just keep on sticking two fingers up until something gives. There is no sign of a détente in the new Cold War between Russia and ...

Friday December 19: OSB Daily Technical Analysis – Commodities

December 19th, 2014 (0)
OSB Daily Technical Analysis for December 19, 2014 Gold continues to consolidate hovering about the $1200 level. Momentum for either side remains subdued at the moment with little interest both from buyers and sellers. Range bound action likely to ...

Brent steady above 61 dollars

December 18th, 2014 (0)
Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around the world. Chevron Corp has put a plan to drill ...
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