Crude Oil WTI

Crude oil futures contracts for February maintained its bullish momentum as price edged higher towards $53.77 on Tuesday before giving up some of the gains but still closing with gains at $53.51. The bullish close comes after prices closed…
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Critics, who thought that the OPEC meeting yesterday would be a deal to have no deal, were in for a surprise as the 14-nation OPEC announced that it would cut oil production. Oil prices maintained strong gains from the European session,…
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The big day for Crude Oil has finally arrived. OPEC members will hold a meeting in Vienna today to discuss the possibility to cut and/or freeze crude oil production as an attempt to stabilise the markets. However, there are many factors…
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During the Asian session, the US Dollar had a blast, rising to its highest level since 2003 against all major currencies, as the Federal Reserve Chair Yellen kept the door open for a rate hike in December. The Index is currently trading…
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In today’s article, we will talk about what so-called “Gold/Oil Ratio,” what does it mean, who uses it, which assets classes that has a correlation with this ratio and how can you use it to predict some market movements. What Does the Gold…
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The global community is shocked by the victory of Donald Trump, so does the global markets, including commodities, which had a notable increase in volatility since the beginning of the elections until today. It might be easy for traders to…
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The International Energy Agency (IEA) released its monthly oil market report this week on Thursday, November 10th. In its report, the agency said that Crude oil markets could continue in a surplus if OPEC fails to cut production noting that…
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Since the beginning of the year, OPEC managed to increase the hopes for a possible freeze in its oil production and/or cutting the production. However, it's November and there has been no deal or an official decision. Since January Crude…
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For the past few days, commodities have been declining notably on the back of a stronger dollar, which advanced to the highest level in 4 weeks, reaching as high as 96.16 (USD Index). This move is backed by the recent improvement in some of…
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Crude oil prices continued to extend the declines since last week as crude oil futures gave up the gains following the massive drawdown in oil inventories a week ago. Oil futures contract for October delivery closed at $43.62 a barrel…
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