oil

Last night, workers at a US refinery in Texas voted against resuming work in the latest round of acrimonious negotiations between the union and Exxon Mobile. The company plans to transform the location into the largest refiner on the…

EURUSD weighed by bearish momentum The euro remains under pressure after flat retail sales in August. The euro saw an acceleration to the downside from a drop below November’s low around 1.1620. The lack of support suggests a strong…

There has been a lot of media speculation ahead of the Joint Ministerial Meeting of OPEC and non-OPEC members in Vienna today. Pressure has been mounting on producers to ramp up oil supplies as prices moved higher. The increased price of…

GBPUSD turns bearish The sterling struggles to stabilize as the UK braces for a fuel supply shock. After three months of sideways action, the break below the daily support at 1.3600 could be the confirmation that the pound has sunk…