May 8 2023 🕓 3 min
Was there a speculative short selling on crude oil?
Crude oil keeps very volatile, from -17% to +15%. Was it a speculative short selling, or data-based price move?
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
August 16 2022 🕓 2 min
Oil down by 5% due to China and Iran
Demand for oil in China is lower in a year-to-year comparison. Iran's nuclear deal could be reality in the near time.
August 14 2022 🕓 2 min
Spain plans new gas pipeline link with France
This new link could be operational as early as next spring. It depends on how they reach an agreement with France and other countries.
August 12 2022 🕓 3 min
Is U.S. inflation going to change the trend of Gold?
The U.S. inflation data surprised markets with lower numbers. With this optimism, gold tries to break above resistance.
August 11 2022 🕓 2 min
EU is officially without Russian coal
The ban on imports of Russian coal, agreed in April as part of the fifth package of anti-Russian sanctions, came into full force in the EU.
August 10 2022 🕓 3 min
Ukrainian food exports up 22.7% in July
Food from Ukraine is finally going to the world. Compared to June, exports of grain, corn and everything else have increased.
August 8 2022 🕓 3 min
Crude oil seeing the biggest drop since April
The fear of economic slowdown and high inflation hurt demand. The price of Crude Oil declines and the weekly change of open interest thus raises.
August 5 2022 🕓 2 min
Gold’s volatility rises with tensions in Taiwan
The price of gold is volatile thanks to the geopolitical tensions in Taiwan, the global economic slowdown, and the Fed's monetary policy.
August 5 2022 🕓 3 min
World food prices gradually falling
World food prices fell by almost 9% in July. They showed the sharpest month-on-month decline in almost 14 years.
August 5 2022 🕓 2 min
Big investments in China’s energy infrastructure
China's largest power company will soon begin construction of new long-distance transmission lines worth $22 billion.
August 4 2022 🕓 2 min
Venezuela’s oil export drops by almost 30%
Compared to June, Venezuela's exports fell by almost 30% in July. This is mainly due to power outages and lack of investment.
August 3 2022 🕓 2 min
Farmers in India switch to planting oil palms
These are mainly farmers in the Telangana region, where the state wants to give a major boost to oil palm planting.
Audio article August 2 2022 🕓 3 min
Big pressure on oil prices with OPEC on Wednesday
Significant pressure on production numbers can spark a turbulent week for crude oil. All eyes are on the OPEC+ meeting on Wednesday.