oil

Image via Tribes of the World / (L-R) Bahraini Minister of Finance and Minister in Charge of Oil and Gas Affairs Sheikh Ahmed Bin Mohammed al-Khalifa, Kuwaiti Minister of Oil Hani Abdulaziz Hussein and Saudi Arabian Oil Minister Ali…
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Import prices in the US edged higher, rising 0.20% in March and turning positive since the 1.30% increase that was last week in May of 2015. But despite the month over month increase, import prices are still weaker, down 6.20% on a year…
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Image via © Bank of Canada 9151 / Flickr As widely expected, the Bank of Canada left the benchmark interest rates unchanged at 0.50%. In the statement, the BoC noted that financial market volatility was abating and that the fourth quarter…
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WTI Crude Oil prices could target $26 - $25.5. OPEC report paints a grim picture. The rally in Oil prices last week were short lived as WTI Crude Oil broke the crucial 30 - 29.5 support level, which marked the head and shoulders pattern…
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Monday's highlight was Germany's Ifo (compiled by the Institute for Economic Research) Business Climate Index release. This Index is measuring and rating Germany's business climate. Also, it measures the expected values for the next six…
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On Monday, the Canadian dollar gained momentum against the USD, sending the USD/CAD pair into fresh lows around the 1.4080 handle. CAD picked up the pace in spite the fact that Canadian Housing Starts came out under expectations at a…
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With the first trading week of the New Year, 2016 underway, it’s back to business for the markets at large. Last year witnessed the historic Fed rate hike liftoff, and the focus into the next year brings about some interesting questions as…
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With 2016 just around the corner, traders are more or less likely to ease back enjoying the brief holiday spell ahead of the markets returning to normalcy, coming Monday. In retrospect, the year 2015 has been one full of surprises with…
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Looking back to 2015, we can deem the oil price decline as one of the most significant changes in the global economic landscape. The commodity's evolution prompted changes in both private sector investments as well as in government…
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Monday was the day Spain announced their winning party for the elections. Partido Popular (PP) won the referendum but the seats they obtained were 122 from an absolute majority - 176 needed, due to which forming a government will be a…
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