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China cuts rates to try to support the economy at a time when the physical oil market is tightening. The People’s Bank of China on Monday cut the seven-day reverse repo rate to 1.7% from 1.8%, and...
Oil prices have come under pressure due to lingering demand concerns, while the copper market has weakened further on the back of rising inventories Energy – Russian Crude Transit Issues Oil prices...
USD/CAD is nearing a breakout after being range-bound since April, potentially driven by falling oil prices and a weakening Canadian Dollar. The Bank of Canada (BoC) is expected to cut rates this...
Week started on a bullish note in Europe and the US as Jow Biden’s decision to leave the presidential race didn’t impact the market mood. The S&P 500 rebounded 1% following its worst week since...
Markets in risk-off mode after outage Biden withdraws from Presidential race Gold and oil feel the heat of strong dollar Dollar Rallies on Haven Flows The US dollar traded higher against most of...
Last session low and high for the AUGUST crude oil contract are in the range of $80.07 - $82.88. (To compare the spread with the contract that you trade). WTI Crude August crashed as far as strong...
Oil prices continue to trade in a range. Chinese demand concerns continue to cap prices, while Canadian supply risks have reinforced the floor for the market Energy – Canada Wildfire Risk Grows The...
As the polls turn on the Biden-Harris ticket, they may toast themselves and say “We’ll always have Paris” but a Trump-Vance ticket means the Paris Climate accord will have to go. I wonder if we can...
Brent crude oil has reached $84.94, and the recent upward trend is primarily supported by recent US energy inventory statistics, which showed a significant decrease of 4.87 million barrels against an...
Oil prices are rising due to a significant decrease in US oil inventories, exceeding expectations. The CCP’s third plenum could impact oil prices depending on its policy decisions. Support and...
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