Oil Market Was On Hold, Gold Still Unsteady
In the face of doubt about the market and progression of the Covid-19 virus, oil ended in a distributed order. U.S. light crude WTI (Nymex’s February futures contract) gave up 0.3% to $52.61 a barrel, while North Sea Brent rose 0.1% to $55.91. Gold fell 0.2% to $1,850.90 for the February Futures contract on the […]
Oil Gaining Traction Upon Improving Global Scenarios, Gold Also Risen
Thanks to the latest US stimulus package, the continued recovery in China, and the increase of global vaccines in 2021, oil remains buoyed by expectations of a recovery in the global economy. U.S. light crude WTI won 0.7% to $53.35 a barrel for Nymex’s February futures contract, while North Sea Brent advanced 0.4% to $56.10. […]
U.S. Indices Marked Record High In November, Slightly Retreated On Monday
The primary U.S. stock indices ended trading in negative territory on Monday, November 30, rectifying the development observed a week earlier. The November dynamics of U.S. indicators in general were optimistic, with the Dow growing by 11.84 percent for the month, which is the highest rise in the indicator since January 1987, and the S&P […]
Gold Fell, Oil Futures Gained 0.9 Percent On Wednesday As Weekly Crude Oil Stock Data Improved
On Wednesday, November 18, oil futures rose 0.9 percent to $41.82 per barrel backed by reports from Pfizer Inc (PFE) and BionTech SE (BNTX) that their coronavirus vaccine is 95 percent successful rather than the 90 percent previously announced. However the excitement associated with the potential rapid introduction of the vaccine to the mass market […]