Stay updated with breaking news from கச்சா ப்ரைஸஸ். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Crude Oil volatility causing large moves in USD/CAD Crude Oil volatility causing large moves in USD/CAD Joe Perry July 21, 2021 9:26 PM Whether the price of crude moves higher or lower, USD/CAD traders should be aware and use the movement to their advantage! Share: During Q2 of this year, Crude Oil (USOIL) had been on a tear moving from a low on March 24 th of 57.28 to a high on July 6 th at 76.95. Along the way, the black gold broke out of a symmetrical triangle in late April and hadn’t looked back! However, as an OPEC+ deal came and went without a new deal on supply increases, markets became nervous and began pulling back on the uncertainty. Last weekend, the group finally reached a consensus: an increase of 400,000 barrels per day which will extend through September 2 ....
Should you steer clear of consumer stocks now? SECTIONS Last Updated: Jun 14, 2021, 01:14 PM IST Share Synopsis “Some surveys have shown that consumer incomes have fallen to 2019 levels! This has an impact on what people consume, says Sandip Sabharwal.” ETMarkets.com Related Could the market be headed for some consolidation before the next up move? In the ideal scenario, there should be some consolidation correction because Indian markets have been rising even if as many other markets have been either consolidating or correcting. The good thing is that the monsoon progress is quite rapid and crude price moderation could happen going forward. We have seen a significant rise in many of the food article prices. However, there are other inflationary pressures around us, which are global in nature, especially related to crude, petroleum, plastic, steel and metals. ....
Global crude prices to witness bullish trend as demand in West continue to rise freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
A $12.5 billion deal shows Saudi oil still eclipses all else SECTIONS Last Updated: Apr 14, 2021, 03:19 PM IST Share Synopsis Last week’s sale of the stake to EIG Global Energy Partners LLC shows how reliant Saudi Arabia is on its traditional mainstay and the challenges Crown Prince Mohammed bin Salman faces in diversifying the country away from oil and gas to achieve his Vision 2030 goal. Reuters In selling assets of its main state-owned energy explorer, Saudi Arabia is following a model successfully implemented by neighbouring Abu Dhabi. Saudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than $12 billion by selling off a stake in the oil pipelines that traverse the desert kingdom. ....
If India is successful, it will set an example for other countries. As buyers see more affordable choices and renewable energy becomes increasingly common, the influence of big producers like Saudi Arabia could wane, altering geopolitics and trade routes. ....