Commodity Market

Low Demand Triggers Gas Prices To Decline To Lowest Level

Low Demand Triggers Gas Prices To Decline To Lowest Level

In a news report lately, U.S. natural gas prices inched down to its lowest level since 2016. To add, the daily consumption plunged by 2.2% compared to the preceding week. Unfortunately, the U.S. gas industry has attained the level where U.S. producers can’t make any more money. Other than that, the gas industry is unproductive …

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Oil Firm as China Expansion Weighs on Trade Deal Stance

Oil Firm as China Expansion Weighs on Trade Deal Stance

Recently, oil prices became stable in the commodity market. It happened as reports of slow-moving economic growth in China lifted concerns over fuel demand. Moreover, the matter has countered confidence from the signing of a U.S.-China trade deal this week. In 2019, the world’s second-largest economy grew by 6.1%. According to government data, it is …

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Oil Prices Weaken as the U.S.-China Phase One Deal Arises

Oil Prices Weaken as the U.S.-China Phase One Deal Arises

In recent times, oil prices plunged based on fears that the pending Phase 1 trade deal between the United States and China may perhaps not push demand. Moreover, the U.S. intends to maintain tariffs on Chinese goods until the second phase. In a statement, U.S. Treasury Secretary Steven Mnuchin said last Tuesday that tariffs on …

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Oil Prices

Oil Prices in Canada Encounters a Renewed Burst

Recently, prices for heavy crude oil in Canada have dropped to $36.66 a barrel. Once again, it is coming under pressure due to restrictions on pipeline capability. Normally, Western Canada Select (WCS) trades at a discount relative to West Texas Intermediate (WTI). It is for the reason of the characteristic differences and the long-distance it …

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Oil Price increase

Oil Prices Bolster as Baghdad Incident Provoke Worries

Last Thursday, oil prices rose in the wake of a rocket attack on Baghdad. Moreover, it has increased fresh apprehensions over the conceivable conflict in the Middle East. The matter happened following an Iranian missile attack on Iraqi bases presenting U.S. forces along with roiling the markets. Meanwhile, the United States and Iran appeared to …

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Oil Prices Plunge As Investors See Mideast Supply Troubles

Oil Prices Plunge As Investors See Mideast Supply Troubles

Recently, oil prices inched down in the commodity market. The matter happened as investors reconsidered the prospect of Middle East supply disruptions in the wake of the United States, assassinating a top Iranian military commander. Meanwhile, Brent crude slumped by 1.5% to trade at $67.86 per barrel. Moreover, it was at a low level by …

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