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Tag: eia crude oil

Oil higher, gold shines

Oil Crude prices are rallying as China’s robust demand will likely lead to rising inventories and increased activity for refiners. ​ The short-term crude demand...

Mid-Market Update: Stocks drop on tightening and growth fears, Fed speak, Treasury uses special measures, US Data, Oil higher, Gold shines, Bitcoin finds support...

US stocks are declining after another labor market statistic shows that despite all the big-tech post-pandemic layoffs, the jobs market remains hot. The...

Oil shrugs off massive build, gold awaits CPI data

Oil Energy traders should get used to seeing oil prices head higher. ​ Oil demand is coming back and expectations are high that China’s...

Oil rebounds, gold falls as pressure remains on Fed

Oil Crude prices were due for a rebound after one the worst starts of a year. It’s been a few decades since oil had...

Fed React: Stocks slump on Hawkish FOMC statement, Dollar pares losses, Delta, Oil rises, Gold down post-Fed, Cryptos pare gains

US stocks tumbled after the Fed downshifted to a half-point rate hike pace but signaled ‘ongoing increases’ will be appropriate to combat inflation....

Oil lower, gold shines

Oil Crude prices declined as energy traders quickly abandoned bullish bets that we will see a price spike once the Russian cap on crude...

Oil down 10% from Sunday’s high, gold pivots at USD 2000

Oil  Crude prices are declining after Ukraine President Zelensky signaled he has ‘cooled down’ regarding the question of Ukraine joining NATO and as optimism grows that the economic impact of sanctions is weighing on the Russian economy and that President Putin might try to avoid a long war. Adding to the earlier selling pressure was […]

Commodities and Cryptos: Oil won’t stop rising, Gold falls, Bitcoin higher

Oil Brent crude prices breached the $90 level, the highest level since 2014, joining a broad risk-on Wall Street move and shrugging off a somewhat bearish EIA crude oil inventory report.  Energy traders are anticipating higher energy prices on potential geopolitical risks and as OPEC+ will stick to their plan to deliver another modest increase […]

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