-
WTI crude oil fell through its range support with a large bearish gap to $72.60 per barrel. Price might still close the gap before resuming its selloff. The Fibonacci retracement tool shows that the former range support coincides with the 50% level at $76.60 per barrel while the 61.8% level is closer to the dynamic inflection points at the moving averages ...
-
Colombia’s economy could soon be hit by soaring energy costs as the South American country is considering LNG imports to meet rising natural gas demand while its domestic production slumps. Large gas and energy-intensive industries could be hit hard by a further spike in their energy costs, as LNG imports could be two or three times more expensive than ...