Rising disputes between the United States and China and the re-emergence of the coronavirus caused prices of oil to fall. China and the United States have been embroiled in trade tensions for nearly a year. They have now entered a new phase of the conflict. The two countries declared a kind of ceasefire after the …
Oil market still struggling with shadow of US and Chinese dispute Read More »
Oil prices rose 2% on Monday, supported by shorter supplies from major producers. At the same time, restrictions continued to relax despite a record rise in coronavirus cases globally. International benchmark Brent gained 89 cents, or 2.11%, and settled at $ 43.08 a barrel. Meanwhile, the August contract for the West Texas Intermediate in the …
Tuesday has been the volatile day for the oil market. At the end of last night’s trading session, prices jumped more than 1 percent. The US oil prices increased above $ 40 for the first time since March. In today’s trading, the WTI oil price index fell by 39 cents, or 0.96 percent, reaching $ …
The Mexican oil mix ended last week with a gain of 11.5%, equivalent to $3.62, standing at $35.04 per barrel. It is the best rate after the coronavirus outbreak and the escalation of the price war between Saudi Arabia and Russia. Back then, Pemex traded at $35.75. The forecasts of the International Energy Agency on …
Mexican oil mix breaks a barrier of $35 a barrel Read More »
It has been a hectic few days for oil price watchers. BP revised down its long-term projection for oil prices to $ 55 a barrel of Brent crude, and then the US Energy Information Administration. EIA expects Brent to average $ 37 a barrel in the second half of this year and $ 48 a …
The market is operating defensively on Thursday after the increase in COVID-19 cases. Stock markets are moving lower, but gold fails to translate that into profit because the dollar is also higher. According to the latest update of the COVID-19 cases from Hopkins University, yesterday, 176 new cases of coronavirus were registered worldwide. It set …
Risk Aversion Goes Up, But Gold Falls Thursday on Dollar Strength Read More »
Prices of Gold fell on Wednesday, pressured by the strength of the dollar. Besides, optimism about a possible COVID-19 vaccine and an economic recovery from the pandemic hurt demand for bullion and supported risky assets. The gold prices dropped by 0.7% to the US $ 1,715.27 an ounce. Meanwhile, gold futures in the US fell …
Gold price falls dollar strength hopes for coronavirus vaccine Read More »
The alarm in the European precious metals market went off when the Covid-19 pandemic spread to all the countries of Europe. First, it spread in Italy and, immediately, in Spain and practically all the EU countries, to a greater or lesser degree. The precious metals market lacks stocks of the most demanded bullion, especially silver. …
The European market has run out of silver bullion stocks Read More »
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