If you are trading oil, then you will want to keep an eye on particular news items that can affect the price. There are many news releases that can move the price of oil, and some of them, such as an announcement of sanctions or action by OPEC, cannot be readily anticipated. Others however are [...] [...more]
With the poor returns on capital that are available in these days of low interest rates, it is no surprise that more people are looking to trading to increase their wealth. One of the most effective markets for doing so is the futures, or commodities, market, mainly because it provides an excellent opportunity to multiply [...] [...more]
Today members of OPEC will be meeting in Vienna, their first meeting since June when participants failed to come to an agreement on supply levels. The main conflict occurred between Saudi and Iranian officials. There will be additional variables in the equation with the present output from Libya unknown and increasing supplies coming back online [...] [...more]
Spot crude oil prices continue to move higher as Europe takes steps towards closer integration and enforceable budget rules. Crude oil prices rose to their highest level since mid-November following Merkel and Sarkozy’s speech yesterday. The press conference by the two leaders coincided with the release of the ISM services PMI which came in at [...] [...more]
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