December 20 2022 🕓 3 min
Risk-off sentiment persists in crude oil market
Crude oil heads to the second month of decline thanks to lower economic growth predictions and higher inflation.
Tag: crude oil
December 8 2022 🕓 3 min
Does the crude oil bloodbath have an end?
The inventories data from the US shows weaker demand for gasoline and crude oil. Black gold sinks under the $73 price tag.
December 7 2022 🕓 4 min
Markets full of fear as data suggests recession is close
US dollar faces selling on all fronts as data suggests there may be a recession coming soon. Markets all in red, except gold, which holds its value.
December 7 2022 🕓 3 min
Brent falls to one-year lows as economic situation worsens
The bearish trend in oil could continue in the new year amid global economic slowdown.
December 5 2022 🕓 3 min
Oil surges after the decision of OPEC+
Volatility in oil continues, but it looks like the uptrend could resume soon. Traders mostly disregarded the Russian cap threat.
December 2 2022 🕓 4 min
US market trades lower on a payroll day
Predictions that the Federal Reserve will continue raising interest rates to fight inflation were strengthened by the November payrolls report.
November 30 2022 🕓 4 min
US market shows important movements with loads of data
The market explodes with green closing after a day full of data. Fed hints a dovish sentiment. But it was not a good day for the dollar.
November 30 2022 🕓 3 min
Oil on a roll – will it close in green again?
US oil is shooting up for the third day in a row as US API Weekly Crude Oil Stock decreases by almost 8 million barrels.
November 29 2022 🕓 3 min
A good day for oil, not so good for stocks and dollar
Markets saw oil gain second day in a row caused by OPEC+ speculations. Stocks were mostly down as production may halt again in China.
November 28 2022 🕓 3 min
Oil hits one-year lows as China faces protests
Massive anti COVID-19 protests in China send oil to lowest prices in a year. Uncertainty and politics keep dominating the market sentiment.
November 27 2022 🕓 3 min
Chevron receives permit for oil production in Venezuela
Chevron has been given permission to resume oil production in Venezuela. All exports are expected to go back to the US.
November 26 2022 🕓 2 min
Chinese oil giant invests nearly $2 billion in Brazil
China's CNOOC has bought a stake in a production-sharing contract in the huge offshore Buzios oil field in Brazil.