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The WTI Crude Oil market has gone back and forth during trading on Tuesday as we continue to see a lot of choppiness.
The WTI Crude Oil market initially tried to drive higher during the trading session on Monday but gave back the gains just below the $55 level to show signs of weakness again.
The WTI Crude Oil market rallied rather significantly during trading on Wednesday, touching the vital $55 level before pulling back.
Oil prices plummeted over $2 per barrel on Friday after Saudi Arabia and Russia discussed the possibility of reducing OPEC’s production
Last week was a mixed affair for the world’s major stock markets.
Last week was another negative affair for the world’s major stock markets with all of the major markets falling.
Last week was the first trading session of 2018, but many investors will have enjoyed an extended holiday. This summary looks at what happened last week and over the last year.
Oil prices headed higher on Thursday, hitting two-and-a-half year highs, buoyed by political strife in Iran after the country’s Revolutionary Guard deployed forces
Last week saw the final trading session for the week, the month the quarter and the full year for December 2017.
Last week was a largely positive affair for the world’s major markets with only the Dax losing any ground.
The Dow ended the week down (just) by 0.03% to close at 20656, however it climbed by 3.5% over the course of the quarter.
In advance of a final election results in the United States on Wednesday, Asian markets saw the start of what is poised to be a tumultuous market reaction if Donald Trump triumphs over Hillary Clinton in the eleventh hour.
The world’s major markets were trading at least marginally higher last week, for a change.
The world’s major markets were trading mixed yet again last week.
Friday’s trading session marked the final trading session in Q3 and the month of September, the quarterly data will be presented next week. It is the first quarter since the UK’s decision to leave the EU was taken. The world’s major markets were trading mixed last week.
The U.S. currency slid against all major peers on speculation the Federal Reserve will be slow to raise interest rates amid uneven global growth, buoying gold and bonds.
Friday marked the last trading session for July from the perspective of these summaries and a full month since the Brexit vote. The UK continues to be a member of the EU and will be until at least January 2019.
Even before the results of the Brexit referendum were announced, the price of oil was falling in most countries. A report from the U.S. Energy Information Administration (EIA) in mid-June indicated that OPEC lost $349 billion in revenue last year because of low oil prices, cutting revenues almost in half from the year before.
The WTI Crude Oil markets fell during the course of the session on Thursday, testing the $50 level for support. Brent markets broke higher during the course of the day on Thursday, clearing the $2.50 level significantly.
Oil ministers ended their bi-annual OPEC meeting in Vienna last night without any clear signs of any agreement for a future freeze on oil production.