Tag: xgloabalmarkets
Oil prices are down 5%, and Brent crude is below $110 Oil prices fell, about 5%, during trading today, Wednesday, June 22, 2022, amid US President Joe Biden’s effort to reduce high fuel costs. The White House is putting pressure on America’s major energy companies; To help alleviate the suffering of drivers during peak summer […]
Gold prices fell, during trading today, Tuesday, June 21, 2022, with the increase in US bond yields. This comes in light of investors’ anticipation of the position of major central banks to raise interest rates to get a clearer view of bullion. Gold Prices Today The price of gold futures contracts – August delivery – […]
The euro rose on Monday as markets focused on European Central Bank tools to fight fragmentation in the currency bloc, shrugging off the risk of political gridlock in France for now after President Emmanuel Macron lost an absolute majority in a parliamentary election. Macron’s Ensemble alliance secured the most seats in the National Assembly but […]
China’s imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China’s General Customs Administration data indicated today, Monday, June 20, that Russian oil imports are transported through East Siberian and Pacific pipelines, the Guardian reported. The newspaper […]
Early Friday, the US dollar was stronger against its major trading partners ahead of a speech by Federal Reserve Chairman Jerome Powell, the release of May industrial production data, and the start of a three-day weekend. Powell is scheduled to speak at 8:45 a.m. ET at a Fed conference on the role of the US […]
Oil prices rose today, Friday, June 17, 2022, with continued supply tightening and new US sanctions to limit Iranian oil exports. Crude prices had started trading lower, with concerns about demand emerging in the wake of US interest rate increases. Oil Prices Today The price of the futures contracts for the benchmark Brent crude – […]
A new study warns of the risk of climate change worsening in coastal Britain, finding that rising seas will cause the loss of 200,000 homes in just 30 years. The study was carried out by a group of researchers at the British Center for Climate Research “Tindal Center” at the University of “East Anglia”, and […]
Spot market prices for LNG tankers this week set annual records, with more long-term leases; This limited the supply of ships to the spot market. This was caused by increased demand for LNG and buyers’ shunning of Russian cargo and ships, following its invasion of Ukraine, according to Putin & Partners, a ship brokerage and […]
Oil prices are falling in volatile trading.. Brent crude is above $120 Oil prices fell, in volatile trading today, Wednesday, June 15, 2022, amid fears that the economic recession and new closures of the Corona virus in China will affect oil demand. Crude prices had started trading on a rise today, before an expected big […]
Gold prices fell today, Tuesday, June 14, 2022, in volatile trading, after the session started on the rise, recovering from its lowest level in 4 weeks. This comes with a pause in the rise of the dollar and US Treasury bond yields, and with increasing bets on monetary policy tightening by the Federal Reserve, during […]
