Oil Market on Verge of Historic Move Traders are preparing themselves for a historic event over the coming months as China readies for the launch of crude oil futures priced in RMB. The contract will be convertible to gold, meaning that traders will be able to settle crude oil purchases in RMB Yuan and then convert the RMB Yuan into gold on exc...
Alexander Novak, Russian Energy Minister Iraq Seek OPEC Exemption After making a first challenge of the key 51.70 resistance level, Crude Oil prices have since reversed to trade lower over the week. The initial downside was fuelled by reports that Iraq is seeking exemption from any OPEC Oil production cut. Iraq informed OPEC officials on T...
Trading CFDs Involves high risk of loss
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