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The barrel of American crude finally cleared the $74/75pb resistance range on the mounting geopolitical tensions in the Red Sea and traded at $76pb on Tuesday. Yet the bullish market reaction looks...
Last year at this time, we thought that 2023 would be a better year, with a prediction of positive returns for both stocks and bonds.To be frank with readers, to know that Ed Yardeni and Tom Lee...
Iran might well be known as ‘terror incorporated” as their proxies funded by Iranian oil money had another active week. Iran continues to taunt the United States and the world almost...
Crude Oil contemplating the next breakout and whatever it may mean for the global markets. Original Post
T’Was the Last Energy Report Before Christmas, When Angola dropped out, leaving OPEC concord riddled with doubt. The cartel cut production with care, but Angola did not think its share was...
Oil prices have rallied this week on concerns over supply disruption in the Red Sea. WTI is showing early signs of reversing off bearish trend line resistance. USD/CAD is oversold at 4-month lows, but...
Just when you thought the global supply chains were opening, the wait time for products became longer than the chains that Jacob Marley had to drag around in eternity. Chain Chain Chain, Chain...
Increased distillate production and slowing economic activities have led to rising diesel stocks and falling prices. Weak manufacturing activity in the U.S. and Europe contributes to reduced diesel...
U.S. oil production reached a record 13.2 million barrels per day, significantly increasing exports, especially to Europe and Asia. End-of-year tax considerations are prompting traders to export more...
Gold XAU/USD trades mostly sideways for 4 days as we consolidate Wednesday's big rally. Yesterday we moved back up towards the high of the 4-day range. As I have said, eventually the market will...
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