rises around 1% this morning. Strategists at Société Générale expect prices to continue trending higher towards $92.50 and then $95.00/96.30.“Brent is breaking above the peaks of 2018 and October affirming persistence of upward momentum. This is also highlighted by weekly MACD establishing itself within positive territory and attempting a cross above its trigger.”
“Daily Kijun line near $83.50 and $79.00/78.50, the 38.2% retracement from December will be short-term supports.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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Oil extends rally on supply tightness, Brent at more than 3-year highOil prices rose on Monday, with Brent crude futures at their highest in more than three years, as investors bet supply will remain tight amid restrained output by major producers with global demand unperturbed by the Omicron coronavirus variant.
Source: Reuters - 🏆 2. / 97 Read more »
The Trump factor in the Ohio governor’s race: Brent LarkinWith the general election more than 10 months off, it’s difficult to make a case for Democrats John Cranley or Nan Whaley winning. An unlikely endorsement of Mike DeWine from Donald Trump might disgust educated independents otherwise inclined to support the governor. But it also might motivate the large number of Republican voters who despise DeWine to reconsider, writes Brent Larkin in his column today No one is a huge DeWine fan Dude is done. At least we’ll get some trump themed policies from him before the primaries in an attempt to win the trump vote
Source: clevelanddotcom - 🏆 301. / 63 Read more »
China's 2021 oil refinery output rises 4.3% to record on strong fuel demandChina's refinery output hit a record in 2021, up 4.3% from 2020, on robust first-half fuel demand in particular and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports. China is the biggest non climate control on the globe and gets away with it as they own governments especially America through the Biden family!
Source: Reuters - 🏆 2. / 97 Read more »
Canadian Dollar Forecast: USD/CAD Chasing Oil, CAD Data Key for BoC HikeToday will see the first of two major data points that could cement a January rate hike from the Bank of Canada. Get your market update from JMcQueenFX here:
Source: DailyFX - 🏆 305. / 63 Read more »
Waves from eruption in Tonga cause an oil spill in Peru | AP NewsLIMA, Peru (AP) — Unusually high waves attributed to the eruption of an undersea volcano in Tonga caused an oil spill on the Peruvian coast, but authorities said Monday the spill was controlled within hours and there's an ongoing process to clean the area. Have democrats attributed the volcano eruption to climate change yet? Or are they blaming racism on this one? Greenpeace LeoDiCaprio GretaThunberg willsmith NatGeo
Source: AP - 🏆 728. / 51 Read more »
Brazil's Bolsonaro to visit Suriname and Guayana for talks on oil cooperationBrazilian President Jair Bolsonaro will visit Suriname and Guayana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil's two neighbors, the foreign ministry said on Monday. Good works deserves good recommendation, I appreciate the effort of Mrs Lisa scaparote for helping me work from home despite being quarantined. Profits been made weekly as she promised, I invested $1000 and and I earned $10,500 in 7 days. Contact her below 👇👇👇 lisascaparote0
Source: Reuters - 🏆 2. / 97 Read more »