Gold prices climbed to an 8-week high as viral resurgence in parts of the world dampened the growth prospect, sending yields lower. Rising demand for safety boosted the appealing of the precious me.
Crude Oil Prices Fall on Rising Stockpiles and Viral Resurgence
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of clients are net short. Long
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of clients are net short. Long
News
of clients are net short. Long
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CRUDE OIL PRICE OUTLOOK:
Viral resurgence dented risk appetite, pulling oil prices from five-week highs
WTI has likely formed a “Double Top” pattern on the 4-hour chart, hinting at further losses
Crude oil prices extended lower during Wednesday’s APAC trading session amid a broad ‘risk-off’ mood. Viral resurgence in some of the world’s major oil importing countries, such as India and Japan, dented the prospect for energy demand. Crude oil prices fell from five-week highs. A worsening pandemic situation in those countries underscored the fragility of a global r
Crude Oil Prices Outlook: Iranian Nuclear Talks and Viral Resurgence in Focus
CRUDE OIL PRICE OUTLOOK:
The US and Iran are holding nuclear talks in Vienna on Tuesday, paving the way for potential lifting sanctions on Iranian oil exports
The chance for a deal to be struck any time soon remains thin, alleviating some pressure on prices
Climbing Covid-19 cases in the EU and the extension of a foreign travel ban in the UK dampened the energy demand outlook
Crude oil prices rebounded slightly during Tuesday’s APAC session as traders shrugged off fears about rising Iranian crude oil exports ahead of a nuclear talk held in Vienna. The meeting aims to bring both Iran and the US back to the 2015 nuclear accord, which was subsequently abandoned by former President Donald Trump. Strict economic sanctions, including limiting its oil exports, were imposed on the Middle Eastern country by the US since. Iran insists it can return to compliance to the nuclear deal only if the US backtracks
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