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Monday, January 25, 2021
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oil

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Economy

Oil prices hurt by new COVID restrictions

Ronald Slater - 0
Oil prices were lower by more than 2% on Monday. COVID-related restrictions and spiking cases are spiking leading to ongoing investor concerns. Oil prices could remain...
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Economy

Gold, oil, silver price analysis

Ronald Slater - 0
Gold prices hovered in a tight range today north of $1,900 per ounce as investors await for news from the U.S. OPEC+ held a meeting...
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Economy

Oil price advanced after the EIA report showed a sharp drop in crude inventories

Ronald Slater - 0
The global oil demand will return to pre-pandemic levels in 2022 COVID-19 cases in the US continue to rise while Europe is not faring any...
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Economy

Crude oil prices recover on robust data from China

Ronald Slater - 0
China imported 11.8 million barrels per day (BPD) of oil in the last month, 5.5% higher than in August Oil demand is driven primarily by...
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Economy

Mexican peso under pressure as crude oil price falters

Ronald Slater - 0
The USD/MXN pair is up slightly today because of the overall stronger US dollar. The Mexican peso has also weakened because of low crude oil...
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Economy

Oil price advanced as Hurricane Delta shut down production

Ronald Slater - 0
Crude oil advanced on a weekly basis Hurricane Delta shut down most production in the Gulf of Mexico The global oil demand will return to pre-pandemic...
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Economy

Weir Group to offload its oil and gas business to Caterpillar Inc.

Ronald Slater - 0
Weir Group plc to offload its oil and gas business to Caterpillar Inc. The £312.67 million deal will result in a cash tax benefit of...
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Economy

Is October a good month for buying Oil?

Ronald Slater - 0
The price of crude oil is again below $40 psychological level Demand for oil has weakened as air travel remains restricted Libya could return up to...
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Economy

Copper, oil, steel analysis roundup

Ronald Slater - 0
India join the EU in attempts to slow down the import of aluminium and copper into the country Crude oil prices closed 1.92% lower this...
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Economy

Oil prices drop on new coronavirus cases and increased supply concerns

Ronald Slater - 0
Fuel consumption in the U.S. is still weak as the pandemic hinders travel and economic recovery The number of new COVID-10 cases worldwide surged this...
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