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  • Crude Oil Prices Might Rebound But Sentiments Signal Topping

    From fxdailyreport.com

    The prices of crude oil dropped, echoing the extensive weakness in the cyclical assets. The growth seemed to drive the Dow Jones industrial average resoundingly feel as the Nasdaq 100 ended the day higher. This seemed to show that the bets on the extended interruption of the physical-economic activity and the parallel preference for companies within the lockdown friendly tech space. Much of the selloff was technically registered in this run-up to and the key aftermath for the release of the 2nd quarter US Gross Domestic Product data. This showed a new record 32.9% drop. Also, the markets reversed uptrend to reduce ... (full story)

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    China’s Influx of Foreign Oil Slows Sharply in Tanker Movements

    From bnnbloomberg.ca|Aug 1, 2020

    The volume of crude bound for China has plunged to its lowest level since early May, hinting at faltering demand in contrast to the buying bonanza that took place only a few ...

    Charting the global economy: GDP report cards are out and awful

    From bnnbloomberg.ca|Jul 31, 2020|1 comment

    Report cards on the massive economic toll of the coronavirus were issued in the U.S. and Europe this week and they were downright abysmal. The U.S., Germany, France, Spain and ...

    Stars Align for Natural Gas Forwards, but Cooler August Forecasts Pose Downside Risk

    From naturalgasintel.com|Jul 31, 2020

    As heat indexes surged above 100 degrees across the United States to close out July, natural gas forward prices rallied during the July 23-29 period, according to NGI’s Forward ...

    •   Newer Stories
    Congressional Democrats, White House still at impasse over coronavirus bill

    From reuters.com|Aug 1, 2020|3 comments

    The top Democrats in Congress are not close to a deal with the White House to pump more money into the U.S. economy to ease the coronavirus’ heavy toll, both sides said on ...

    Oil-rich UAE opens the Arab world's first nuclear power plant. Experts question why

    From cnn.com|Aug 1, 2020

    The United Arab Emirates has launched a nuclear energy plant on Saturday, the first such project in the oil-rich Arab world. Unit 1 of the Barakah plant in the Al Dhafrah region ...

    Marathon Petroleum to permanently close two U.S. oil refineries

    From reuters.com|Aug 1, 2020

    Marathon Petroleum (MPC.N) plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in ...

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  • Story Stats
  • Posted: Aug 1, 2020 12:02pm
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     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 115
  • Related Stories
    Crude Oil Rises, Records Small Loss in July As Uncertainty Weighs on Energy
    From fxdailyreport.com|Jul 31, 2020
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    From smh.com.au|Jul 31, 2020
    China’s Influx of Foreign Oil Slows Sharply in Tanker Movements
    From bnnbloomberg.ca|Aug 1, 2020
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