Siim, Author at EmeraldBay Trading

USD/CAD holds below 1.3500 amid dovish Fed, higher crude oil prices

USD/CAD remains on the defensive near 1.3485 in Tuesday’s early Asian session. Fed’s Daly believes it’s appropriate for the Fed to begin cutting interest rates. Higher crude oil prices support the CAD and create a headwind for USD/CAD. The USD/CAD pair extends downside around 1.3485 during the early Asian session on Tuesday. Escalating geopolitical tensions […]

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‎Oil prices steady, set for weekly loss

Uncategorized / By Siim

Oil drilling rigs Oil prices stabilized on Friday, but are on track to register a weekly loss as concerns about weak demand resurfaced due to the risk of a US economic slowdown. The futures prices for Brent crude, the global benchmark, for October delivery remained steady at $77.27 a barrel as of 08:17 am KSA

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Oil Prices Slide for Fifth Day on Demand Concerns

Uncategorized / By Siim

On August 23, 2024, 4:39 AM Crude oil prices extended a losing streak into its fifth day earlier today as expectations of weak demand weighed on benchmarks. Brent crude slipped below $76 per barrel and West Texas Intermediate was below $72 earlier in the day, despite the EIA’s Wednesday report that saw inventory draws across the crude and

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Escalating Tensions in the Middle East Keep Oil Markets on Edge

Uncategorized / By Siim

On August 18, 2024, 5:50 AM The most significant factor driving crude oil prices this week has been the escalating geopolitical tension in the Middle East. The ongoing conflict between Israel and Hamas has created a volatile situation that threatens to spill over into a broader regional conflict. The assassination of a Hamas leader has

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Oil falls 2% to end volatile week, focus on China demand concerns

Uncategorized / By Siim

Oil prices settled down nearly 2% on Friday, little changed on the week with Brent crude below $80 a barrel, as investors tempered expectations of demand growth from top oil importer China. Brent crude futures fell $1.36, or 1.7%, to settle at $79.68 per barrel. U.S. West Texas Intermediate crude futures declined by $1.51, or

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Rupee rises 2 paise to 83.71 against U.S. dollar in early trade

Uncategorized / By Siim

At the interbank currency exchange, the domestic currency opened at 83.72, 1 paisa higher than the previous day’s close. | Photo Credit: Reuters The rupee rose 2 paise to 83.71 against the U.S. currency in early trade on July 31 following a marginal dip in the dollar in overseas markets. At the interbank currency exchange,

Rupee rises 2 paise to 83.71 against U.S. dollar in early trade Read More »

Brent Breaks Below $80 as Bearish Sentiment Continues to Dominate Oil Markets

Uncategorized / By Siim

Oil prices continued to fall on Tuesday morning, ignoring the rising geopolitical risk in the Middle East and the potential of a supply disruption in Venezuela. Concerns about global demand continue to drive bearish sentiment in oil markets. The Q2 quarterly earnings season has continued this week with most of oil majors reporting their performance

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Oil Market Nears Breakout Point

Uncategorized / By Siim

Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jul 30, 2024, 7:00 PM CDT Bank of America: oil prices are nearing a breakout moment. Bank of America’s analysts seem to be leaning toward a

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Oil prices settle lower, erasing brief jump sparked by Israel-Hezbollah tensions

Uncategorized / By Siim

Please enable JS and disable any ad blocker https://www.marketwatch.com/story/oil-prices-drift-lower-erasing-brief-jump-sparked-by-israel-hezbollah-tensions-27d3cd72?mod=mw_rss_topstories

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Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war

Uncategorized / By Siim

Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war 2:45 pm, Mon July 29, 2024 Oil prices fell more than one dollar a barrel today after Israeli officials said they wanted to avoid dragging the Middle East into an all-out war while responding to a deadly rocket strike

Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war Read More »

Author name: Siim

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