Brent Crude – Oil pares gains in risk-averse trade

Brent Crude – Oil pares gains in risk-averse trade

From marketpulse.com

Risk aversion in markets may be weighing on oil prices a little, especially if economic fears are fueling that sentiment. Oil prices have rallied strongly on the back of supply restrictions and the economy failing to live up to expectations was always going to be one of the primary counter-risks for the price. I wouldn’t say that is now unfolding but clearly, investors are a little concerned about whether the economy can sustain current levels of interest rates for a prolonged period of time. From a technical perspective, I’m not seeing anything particularly concerning about the recent pullback. Brent crude still ... (full story)

- Older Stories
Oil Can Push Higher As Cushing Stockpiles Collapse
From zerohedge.com|Sep 26, 2023
Crude prices will likely get a fresh boost this week, as stockpiles at the key US storage hub in Cushing, Oklahoma, risk collapsing to the lowest level (aka "tank-bottoms") in ...
US: A shutdown seems increasingly likely but is far from inevitable
From thehill.com|Sep 26, 2023|2 comments
It’s that time of year again: There is a tug-of-war in Washington over the budget and we have been reading warnings of a government shutdown for weeks. The Democrats and ...
ACY Securities launches futures CFD products: Same leverage, no swaps, close at expiry date
From financefeeds.com|Sep 26, 2023
ACY Securities, a renowned global multi-asset CFD broker, is excited to unveil its latest offering – 14 new futures CFD products across forex, energy, and soft commodities. This ...

- Newer Stories
Can Colombia’s gas sustain it through the energy transition?
From woodmac.com|Sep 26, 2023
At this year’s World Economic Forum in Davos, Colombia confirmed its commitment to moving away from fossil fuels by announcing an end to new oil and gas exploration contracts. The ...
Fed’s Neel Kashkari sees 40% chance of ‘meaningfully higher’ interest rates
From cnbc.com|Sep 26, 2023
Minneapolis Federal Reserve President Neel Kashkari thinks there’s nearly a 50-50 chance that interest rates will need to move significantly higher to bring down inflation. In an ...
Daily Oil, Gold, Silver Technical Analysis | September 28, 2023
From fxdailyreport.com|Sep 26, 2023
The state of gold prices looks bearish and is now near $1,900. If the price falls further and closes below $1,900 and forms a lower swing low then the bearish trend will begin. ...

Related Stories