WTI Crude Oil Gives Back The Gains, But Holds Steady
WTI crude oil prices are down over 28% on the day again.
This comes just after the commodity marked a strong rebound following last week’s drop into negative territory.
The declines in crude oil, however, keep prices within the range of 18.62 and 12.34.
The new declines come on the back of oversupply concerns.
As long as prices hold near the 12.34 level, we expect the declines to be limited, but expect volatility to rise on a breach below this level.
Stay up-to-date with latest News
Johnson Heads Into War of Blame With U.K. Business Over Brexit
On Tuesday evening, Boris Johnson held a telephone call with the U.K's. business chiefs to ask them to prepare for Brexit to hit toward the y...
Japan Inflation Slips 0.1% On Month In September
Consumer costs in Japan was down and occasionally changed 0.1 percent on month in September, the Service of Inner Issues and Corresp...
Dollar rises from 7-week lows on U.S. stimulus unease, COVID-19 cases
The dollar edged up from seven-week lows on Thursday as trusts in a fiscal bundle in the US before the November races disintegrated again and...
Facebook Makes Nextdoor-Esque Move With Community-Focused Feature
With regards to upstart rival Nextdoor, Facebook appears to be engaging in some not really neighborly conduct.
The web-ba...
Naira stabilizes in forex markets as dollar supply hits record low during curfew
Forex turnover hit record low dropping by 81.5% as Nigeria's conversion standard at the NAFEX window stayed stable against the dollar to clos...
Dollar softens ahead of U.S. election with stimulus in focus
The U.S. dollar plunged on Tuesday, hitting a one-month low against a bushel of significant monetary standards, as financial specialists anti...
Chinese Yuan Strengthens Against USD on Upbeat GDP, Retail Sales
The Chinese yuan switched its ongoing descending pattern against the US dollar to commence the exchanging week, breaking beneath 6.7 on sure ...
FP Markets Expands Its CFD Trading Offering in Commodities, Metals & Indices
FP Markets is satisfied to report that it is growing its item offering. As of late granted as the 'Best Value Global Forex Broker' for a seco...
NZ Reserve Bank seeks to preserve benefits of cash
The Reserve Bank – Te Pūtea Matua is taking on another part of steward of the cash system "to safeguard the advantages of mon...
Dollar clings to gains as traders wait for China growth data
The dollar clung to gains on Monday, upheld by financial specialist stresses over the approaching U.S. political race and the blurring possib...
User Comments