July 4, 2023: OPEC+ Extends Oil Production Cuts

Oil stabilizes as the market reacts to production cuts due to weak economic data. Oil prices remained stable on Tuesday as supply difficulties impacted markets due to planned reductions in August by Saudi Arabia and Russia, the largest crude oil suppliers, in the face of economic data suggesting weak oil demand. Brent crude futures rose

Read More »

June 26, 2023: Dollar, Gold, and Oil React to Global Economic Factors

The dollar wavers as investors focus on interest rates and economic expectations. On Monday, June 26, the dollar declined before receiving some support as a haven amid ongoing concerns that prolonged monetary tightening policies pursued by major central banks would further harm global economic prospects. Meanwhile, business activity in the United States dropped to a

Read More »
No more posts to show