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The outbreak of Covid-19 continues to be the major disruptive force, impacting households, investors, businesses, and policymakers. The virus hits vulnerable individuals and institutions. Monetary policy, and in some places, including Italy, fiscal ...
A tropical storm is headed for the Gulf of Mexico, and this is helped oil prices extend last week's 5.4% rally. Light sweet crude oil for October delivered is about 1.6% higher at $70.80. It has been up to $71.40. The multi-year peak on the ...
1. US Department of Energy announced yesterday offered for delivery between October 1 and November 30, 11 mln barrels of sour crude oil from the Strategic Petroleum Reserves. The move has nothing to do with operationalizing President Trump's ...
Crude oil has been climbing a trendline for the past year. This Great Graphic depicts this trend on a weekly bar chart. Depending exactly the line is drawn, it comes in now near $65 a barrel. The technical indicators are consistent with further ...
Oil prices are weaker for the third straight day and are off in four of the past five sessions, the poorest run in two months. Supply considerations may threaten a year-old trend line. OPEC and non-OPEC, essentially Saudi Arabia and Russia are ...