Russia

We are back to square one. The same scenario and pattern are repeating over and over. Crude Oil prices are going nowhere anytime soon. As we noted in our previous reports, especially the one last week, after the prices went green on the…
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In the past few days, OPEC decided to push more remarks and statements to the market, sending a clear message that the time has come to discuss a possible extension of December’s deal. OPEC noted that there is a high possibility to discuss…
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OPEC headquarters Since the beginning of this week, Crude Oil prices has been declining gradually, reaching critical technical levels. This is despite the fact that OPEC sent out few remarks to the media, speculating a possibility to…
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Crude Oil prices tumbled last week on many factors, which put Oil prices at risk of further declines ahead, as there is no new catalyst to support the uptrend anymore. Technical Factors Looking at the chart of Brent and WTI Crude Oil,…
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Since the beginning of this year, we have been watching Crude Oil prices very closely, especially after OPEC announced cutting the production in coordination with Non-OPEC members. OPEC decided to cut its production back to the 32M barrel,…
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Since the announcement of the OPEC deal in December, there are no doubts that Crude Oil prices have stabilized, including Brent Crude and WTI Crude. However, since the beginning of the year, the prices have been trading within a tight…
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Investors who were expecting to hear about the proposed fiscal spending plans were left disappointed after the U.S. President-elect failed to make any mention of the new administration's plans on the economic stimulus, trade, and tax. The…
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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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Saudi's Minister of Energy and Industry, Khalid Al-Falih. Image via World Economic Forum Crude oil futures contracts rallied to a fresh yearly high yesterday closing at $51.42 a barrel. The gains came for a second consecutive day after the…
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Crude oil prices posted three straight weeks of gains reversing off the lows near $43.40 and thus marking the completion of the head and shoulders pattern that the readers were first alerted to back in August. The current rally in oil…
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