The recent easing of U.S. sanctions on Venezuela has created a ripple effect, significantly impacting oil prices and market balances. This pivotal shift has allowed key commodity trading giants to re-engage with Venezuelan crude, bringing this oil-rich nation back into the forefront of the energy sector. The U.S.’s decision to relax sanctions is a game-changer […]
The financial services sector is in a state of flux, influenced by regulatory changes, technological innovations, and market conditions. Stakeholders must remain vigilant and adaptable to navigate this complex landscape. With a myriad of factors at play, including regulatory oversight, AI adoption, and geopolitical tensions, the coming months are poised to be a critical period for market participants.
Gold prices edge toward a significant resistance, fueled by geopolitical unrest and a softer U.S. Dollar. WTI crude surpasses $90, but indicators hint at a potential pause in its rally. Natural gas prices dip, suggesting further losses. All eyes are on upcoming central bank decisions, notably the FOMC, which could reshape market dynamics. The financial landscape remains on tenterhooks awaiting pivotal moves from global central banks.
WTI Price Analysis: 100-SMA tests bears below $116.00 15 June 2022, 01:49 •WTI remains pressured around weekly low after breaking short-term key support lines. •Downbeat RSI (14), not oversold, keeps oil bears hopeful. •Clear downside break of $115.00 will confirm a ‘double top’ formation, which could facilitate further declines. •Bulls remain cautious until witnessing a […]
On April 20, 2020, a group of nine traders in London’s commodities markets, including a man known as Cuddles, made a profit of $660 million in just a few hours. This feat was made possible due to the crash of oil prices, which temporarily went negative. The traders were able to capitalize on this unusual […]
Bloomberg News — Oil and gas companies knew they would face a fight with President Joe Biden, who had campaigned on tackling climate change. Nobody expected fossil fuel to come under such an immediate attack. Biden didn’t quietly sidetrack the Keystone XL pipeline with legal maneuvers. The new president yanked the permit on his very […]