Sara Patterson is a career writer and a former student of international relations. After earning a Master’s Degree in political science Sara spent several years working for various internet companies and teaching English writing at the college level to students in their freshman year. She now focuses her energies on reading several newspapers each day and considering how the news may affect both the currency markets and the political economy in general. She specializes in writing fundamental analysis and interpreting how news from across the globe will propel the markets in both the short and long terms.
In her spare time, Sara enjoys carving fruit, rock climbing and Zumba. She also cares for 3 dogs and an iguana.
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A meeting between OPEC members and their oil-producing allies on Friday resulted in an agreement to cut oil supply by 1.2 million barrels per day starting in January.
Global stock markets continued a selloff that began on Tuesday as traders faced new fears about the continuing trade war between the U.S. and China.
After two days of solid gains, global stock markets have resumed their downward path.
Oil prices extended their rally on Tuesday after a day of big gains on Monday as traders remained optimistic that OPEC will announce fresh production cuts after its meeting in Vienna later this week.
Asian stocks traded higher and U.S. stock futures also rallied after the announcement of a 90-day ceasefire in the trade war between the United States and China.
Traders found new reasons for optimism on Thursday after U.S. Federal Reserve Chairman Jerome Powell commented that the Fed’s policy rate is now “just below” estimates of a neutral economy.
Oil prices were up just over 1 percent during Wednesday’s Asian trading session after the shutdown of the Buzzard, Britain’s largest North Sea oilfield for repairs.
According to a new report published by the Wall Street Journal on Monday, U.S. President Donald Trump has hinted that he may implement new tariffs on iPhones and laptop computers imported from China.
Asian markets were searching for direction on Monday as traders looked towards the meeting between U.S. President Donald Trump and Chinese President Xi Jinping that will take place at the end of the week.
Even thin trading due to the Thanksgiving holiday weekend in the United States couldn’t prevent oil prices from dropping to 2018 lows on Friday.