Tag: OPEC
Week Ahead: FOMC, BoJ, NFP, BoE, ISM Mfg. PMI, OPEC+ JMMC | Forexlive
The upcoming week is packed with important economic events and announcements that could have a significant impact on global markets. Here's a breakdown of some key events to watch out for:- On Monday, we'll...
Crude Oil Resilience: TDS Analysis and Outlook
Crude Oil has shown its resilience once again, with inventory draws providing some support to the market, according to TDS strategists. Despite this strength, there are concerns about the potential impact of Commodity Trading...
Crude Oil Gains Despite API Stocks Buildup
West Texas Intermediate (WTI) US Crude Oil prices have surged above $80.00 per barrel, despite a recent increase in American Petroleum Institute (API) Weekly Crude Oil Stocks. Energy traders seem optimistic about a potential...
Oil Prices Struggle to Reach $80 Amid Strong Resistance
Oil prices have been experiencing some fluctuations recently, with no major news driving prices up. Traders are closely monitoring how the shift towards Electric Vehicles will impact oil demand in the medium to long...
Russian Oil and Global Power Struggles: The Impact on Geopolitical Relations
The recent conflict between Russia and Ukraine has caused a significant shift in global oil trade dynamics. While some countries have chosen to reduce or ban Russian oil imports, others have increased their trade...