WTI Oil: Regains Levels Above $60 as Signals of US-China Trade Talks Ease Tensions

Brent crude oil prices climbed above 74 USD per barrel following OPEC+’s announcement to delay its production increase originally scheduled for December. This decision marks the second postponement by OPEC+ amid persistent global economic challenges and aims to avoid potential market oversupply. Demand prospects remain subdued with Europe’s slow economic recovery and Asia’s lacklustre performance, […]

WTI oil price hits new seven-week high on Friday, keeping firm tone and on course for the second consecutive weekly gain. Improving demand was signaled by fall in the US fuel inventories, as summer driving season in the world’s biggest oil consumer starts, while growing tensions in the Middle East revive supply fears, with both […]

EUR/USD: December – A Formidable Month for the Dollar Who will start loosening the grip on their monetary policies earlier, the Federal Reserve (FRS) or the European Central Bank (ECB)? The discussion on this topic remains active, as clearly seen in the quotes’ charts. The statistics from the past week did not allow EUR/USD to […]