January 19 2023 🕓 2 min
Will oil stay above $80?
Despite the negative sentiment in the markets, oil rose notably as reopened China boosts demand expectations.
Tag: oil
December 21 2022 🕓 3 min
WTI crude oil hints short term bullish run
The current pullback from $70 shows that the uptrend could last for a while, with the price going up to between $80 and $84.Â
December 19 2022 🕓 3 min
USD/CAD falls amid surging oil, anti-dollar mood
Today, the US dollar was under pressure as the US manufacturing PMI and services PMI disappointed, while Oil prices recovered from this year's lows.
December 9 2022 🕓 4 min
Traders await Fed’s decision next week
US markets today have been showing all kinds of results. Among others, oil seems to be oversold the most.
December 8 2022 🕓 3 min
Markets calmed down as traders are expecting fresh big data
Stocks finally end losin streak despite markets on Thursday show lower volatility. Traders await more data next week.
December 7 2022 🕓 3 min
Is energy sector undervalued despite its massive rally?
Bulls must defend the 200-day average in order for the energy sector to remain in an uptrend.
December 6 2022 🕓 3 min
Turbulence on the stock market, investors fleeing to dollar
Dollar kept its value on Tuesday, watching tech stocks and oil drop as investors flee amid recession fears.
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 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.
November 25 2022 🕓 4 min
No proper sales in the markets on Black Friday
Black Friday was without significant action on the markets this year. Stocks ended the session mixed, oil closed with third consecutive weekly loss.
November 25 2022 🕓 3 min
Ghana wants to buy oil with gold instead of the US dollar
Ghana is struggling with declining foreign exchange reserves. Will this move reduce the depreciation of the Ghanaian currency?