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Tag: oil price

Oil Prices Hit Lowest Since 2021 Amidst Downtrend and Inflation Decline

Oil prices have fallen to their lowest since ’21 with WTI crude oil dropping to $66 while Europe’s Brent crude dived to $73. Both...

Stocks slide after labor market data reignites bond market selloff, Jobless claims don’t want to rise, Oil choppy but higher on China, Gold struggles,...

US stocks are under pressure after another round of economic data suggest central bank tightening by both the Fed and ECB might have to be...

Propel Global Posts 2Q Revenue of RM24.5 Million

KUALA LUMPUR, Feb 22, 2023 - (ACN Newswire) - Propel Global Berhad, a provider of oil and gas (O&G) services as well as downstream specialty chemicals to the...

US Close: Stocks lower post hot PPI report and hawkish Fed speak, Fed’s Mester saw case for 50 bp rise, Oil edges higher, Gold...

A hot PPI report and unexpected initial jobless claims decline sent stocks lower as investors started to price in more Fed tightening. This...

Oil remains choppy, gold near record high

Speed bumps ahead Oil prices have been choppy this week after climbing back towards their late December/early January peaks. It would appear the rally...

Oil slides again, gold grooves on

Oil Oil is extending declines on concerns that China’s struggles with COVID are not going away anytime soon and as the global economic worries...

Oil continues to rise, gold rallies

Oil recovery continues Oil prices are a little higher this morning as they continue to rebound strongly from their lows. Brent and WTI have...

Oil under pressure, gold eyes Fed meeting

A floor in oil prices? Oil prices remain under pressure as traders continue to price in a slower global economy next year and the...

Oil rallies post OPEC+/Russian price cap, gold tumbles

Oil Oil prices are rallying as OPEC+ has shown it is committed to keeping prices supported and on optimism China will continue to loosen...

NFP React: Fed bets rise post hot NFP report, Stocks lower, Oil awaits big week ahead, Gold dips, Cryptos little changed

US stocks tumbled after the nonfarm payroll report showed the labor market, especially wage pressures, is not cooling quickly at all. â€‹ Wall Street...

Week Ahead – The calm before the storm

EU There are a number of economic releases on the calendar next week but it’s almost entirely made up of tier two and three...

Brent Crude – Immense uncertainty

OANDA Senior Market Analyst Craig Erlam discusses the latest crude moves against the backdrop of record Covid cases in China, an imminent EU...

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