Crude Oil

NEWS DESK

Crude Oil and Bitcoin Surge Amid Geopolitical Tensions and Crypto Optimism – Century Financial

News Desk 1 20/11/2024 0

Crude oil futures in European morning hours Wednesday were climbing higher as the escalating geopolitical situation around Russia continued to dominate. Moscow has threatened to respond after Ukraine fired a US long-range missile into Russian territory, coming after the Biden administration

NEWS DESK

What Could Make the Trump Presidency Mostly Bearish for Crude Oil?

News Desk 2 26/07/2024

Mohamed Hashad, Chief Market Strategist, Noor Capital A second Donald Trump presidency after the election on November 5th would be generally negative for the oil market, albeit it would probably have a limited impact. Even while Trump seems to have a more pro-oil and gas agenda than a Democratic contender, it would take a year […]

NEWS DESK

Three factors behind soaring oil prices

News Desk 2 29/05/2024

Crude oil prices saw a noticeable surge, with the price of West Texas Intermediate crude exceeding the $80 per barrel barrier, Brent oil rose to more than $84.19 per barrel, while energy markets are closely watching recent developments in particular OPEC and its allies’ actions within the framework of OPEC +, In this comprehensive analysis, […]

NEWS DESK

Crude oil prices rose to nearly 12-week high – Saxo Bank MENA Weekly Market Report

News Desk 1 29/01/2024

Summary: US PCE inflation data for December continued to support the notion of a disinflation trend. Despite reaching an intra-day record high at 4,907, the S&P 500 pulled back, closing the Friday session at 4,891, down 0.1%, primarily due to weakness in the information technology sector. The Nasdaq 100 declined by 0.6%, with Intel having […]

NEWS DESK

Crude Oil Price to Fly in 2024?

News Desk 1 21/01/2024

While the Ukrainian-Russian conflict is starting to slow down, causing less pressure on oil and gas prices, the events following October 7th have stirred things up again in the Middle East, especially with Houthis in Yemen keeping a tight hold on the Red Sea and the escalation of “Operation Prosperity Guardian”. Real concerns about these […]