June 10 2022 🕓 2 min
Oil prices development backed by easing restrictions in China
Oil is technically in an uptrend from April and data from China could support staying in it for some time.
Tag: crude oil
June 3 2022 🕓 3 min
OPEC as the market mover
Oil price shows big volatility this week. OPEC is one of the main market movers in the commodity markets by boosting oil production.
May 27 2022 🕓 2 min
Oil gained as a tight market remains
The price of crude oil went sharply up thanks to fundamentals, which points to tight market before summer.
May 21 2022 🕓 2 min
Technical analysis of crude oil – what has happened?
The influence of fundamentals on crude oil cause high volatility in the markets and left several areas as subjects of interest.
May 15 2022 🕓 2 min
Saudi Aramco reported a very strong first quarter
Oil producer Saudi Aramco has reported a more than 80% rise in first-quarter net profit. This was primarily due to the high oil price.
May 13 2022 🕓 3 min
Turbulent week on commodity markets
Precious metals reacted to higher than expected inflation data. Crude oil affected by EU ban and Covid situation in China.
May 7 2022 🕓 2 min
Oil continues in surge after EU ban talks
Oil continues in price surge after EU ban talks on Russian oil, which are planned as part of sanctions toward this country.
May 5 2022 🕓 2 min
EU wants to ban Russian oil imports by the end of the year
The EU proposes to ban all oil imports from Russia by the end of this year. However, some countries are opposed and demand at least more time.
May 2 2022 🕓 3 min
Oil gains fifth month in a row despite China´s Covid surge
Crude oil gains fifth month in a row. Yet, uncertainties like Covid surge in China and war in Ukraine cause volatility 17,5% this month.
April 19 2022 🕓 3 min
Canadian dollar vs. WTI correlation
Trading commodities is not just about gold, silver, oil or other metals or agricultural assets. It is necessary to have two points in mind.
April 19 2022 🕓 2 min
Germany fears an immediate ban on Russian commodities
While Europe is still considering a ban on Russian energy exports, German businesses and trade unions are joining forces to oppose it.
April 17 2022 🕓 2 min
Russian oil industry slows down
The Russian oil industry is already showing signs of slowing down as Western buyers shun Russian oil. Moscow tries to compensate it in Asia.