Tag: USOIL
OPEC+ Announces Gradually Higher Supply and NVIDIA a New Accelerator
Oil declines as the European Cash Open edges closer. Oil prices have fallen for 4 consecutive days measuring almost 4.00%.
OPEC+ members advise...
USOIL Enters Consolidation Phase Between 200-Day EMA and Trendline
Crude oil continues to trend downward as geopolitical tensions in the Middle East ease. This removes concerns about world supply, although demand appears to...
Weekly Commodity Market Update: Oil Prices Correct and Supply Concerns Persist
The ongoing developments in the Middle East fueled supply concerns and sparked a wave of risk aversion as investors headed for safety....
”We just want to achieve market stability.”
Oil prices stabilized in Tuesday's trading, with USOil crude futures holding at $78 per barrel after hitting a fresh 4-month peak of $80.79 as...
Oil and the New Zealand Dollar Decline After Weak Economic Data!
The New Zealand Dollar witnesses a quick decline as we approach this week’s central bank decision and press conference. The NZD falls 0.50%...
As a Commodity Currency, CAD Gets Support from Rising Oil Prices
The Bank of Canada kept the overnight interest rate at 5.00%, as expected. As stated, the BOC remains concerned about risks to the inflation...
