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Tag Archives: Crude

Crude Oil Price Update – Correction is expected to start if the move remains below $ 39.36

US West Texas Intermediate’s crude oil futures closed at their high on Thursday as traders responded to better-than-expected U.S. non-agricultural pay slips and a fall in the unemployment rate, while little on rising and rising weekly unemployment claims COVID-19 cases responded. Prices were also supported by a fall in US crude stocks, which was reported earlier this week. On Thursday, …

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Crude oil alliances geopolitics, weak demand recover

We maintain our optimistic outlook for both metals, not least for gold after the premium for silver has decreased. The main reasons why we cannot rule out reaching a new record high in the coming years are: Gold serves as a hedge against the monetization of the financial markets by the central bankUnprecedented government incentives and the political need for …

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Asian stocks are breaking new ground in crude oil prices

TOKYO / NEW YORK (Reuters) – Asian stocks and US stock futures fell in the red on Tuesday, wiping past gains as a renewed drop in oil prices overshadowed optimism about the easing of global corona virus restrictions. FILE PHOTO: People wearing protective face masks after a coronavirus outbreak are displayed on a screen with the Nikkei index outside a …

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US crude oil prices fall as the world’s largest oil ETF withdraws

US oil prices fell sharply on Monday after the world’s largest oil-backed exchange-traded fund announced it would sell all of its short-term contracts by pressure from regulators by the end of the month. West Texas Intermediate, the US oil price benchmark, fell 27.7 percent to $ 12.25 a barrel after the United States Oil Fund announced it would sell all …

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Behind the fluctuations in the oil market: only a few places where unwanted crude oil can be stored

During his daily walk along Seal Beach in Southern California, film industry manager Josh Haynie usually sees only surfers and occasionally marine mammals. These days, the view also includes around 20 oil tankers. He fears that the intruders could collide with the private yachts that sail these waters. “We are not Galveston, Texas,” he says. The world may need to …

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China buys crude oil when prices fall and inventories are increased

BEIJING (AP) – China, the world’s largest energy consumer, is building up crude oil stocks as world market prices fall due to the outbreak of the corona virus. Imports rose 4.5% yoy in March, despite the fact that the second largest economy in the world was shut down to fight the virus and demand collapsed. In the first quarter of …

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