Energy News
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An indictment was unsealed today in the Eastern District of Virginia charging seven men with racketeer influenced and corrupt organizations (RICO) conspiracy and money laundering conspiracy in connection with their alleged participation in a large-scale gas pump skimming device organization. According to court documents, the defendants, led by Eduardo ...
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Today, in light of intensified terrorist activity in the Middle East, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory to assist financial institutions in detecting potentially illicit transactions related to Islamic Republic of Iran-backed terrorist organizations. The Advisory highlights the means by ...
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When it comes to Contracts for Difference (CFDs), one of the most common questions among traders is how long do you hold a CFD? Unlike some financial instruments, CFDs do not have a fixed expiry date and therefore traders can use different trading strategies at their will. Nevertheless, the period that you keep a derivative will affect both your trading ...
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In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 208,000 to 209,000. The 4-week moving average was 215,000, an increase of 4,750 from the previous week's revised average. The previous week's ...
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Our Monetary Policy Committee (MPC) decides what monetary policy action to take. The MPC sets and announces policy eight times a year (roughly once every six weeks). In this video, the MPC discusses the decisions taken in May 2024 and answers questions from the press.
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Natural gas has been on the rise lately, but the rally might be cut short as the commodity has formed a bearish divergence on its hourly time frame. Price has formed higher highs since May 6, but the oscillators are showing lower highs. Stochastic is already in the oversold region, though, suggesting that the selloff may be over. However, RSI has plenty of ...
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The Bank of England is likely to take another step towards its first interest rate cut in four years on Thursday as inflation falls, but will probably be cautious about signalling ...
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Bank of Japan board members turned overwhelmingly hawkish at their April policy meeting, with many calling for raising interest rates steadily to forestall risks of an inflation ...
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A simple model points to a risk that US inflation takes longer to return to the 2% target than expected by the Fed because inflation dynamics have not returned to pre-COVID ...
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We have raised interest rates over the past couple of years to help slow down price rises (inflation). It’s working. Inflation in the UK has fallen to its lowest level since ...
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post: BOE'S BAILEY - LIKELY WE WILL NEED TO CUT BANK RATE OVER THE COMING QUARTERS BOE'S BAILEY - POSSIBLE WE WILL NEED TO CUT RATES MORE THAN CURRENTLY PRICED INTO MARKET RATES post: BOE GOV. BAILEY: WE HAVE NO PRECONCEPTIONS ABOUT HOW FAR AND FAST WE WILL CUT RATES. post: BOE GOV. BAILEY: MARKET MOVES IN INTEREST RATE EXPECTATIONS HAVE BEEN DOMINATED BY US MOVES. post: BOE GOV. BAILEY: THERE HAS BEEN SOME DECOUPLING RECENTLY BETWEEN UK AND US MARKET RATE EXPECTATIONS. post: BOE GOV. BAILEY: ONE SMALL CUT IN THE BANK RATE WOULD STILL LEAVE US WITH RESTRICTIVE MONETARY POLICY.
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In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000 from the previous week's revised level. The previous week's ...
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Crude oil has been on a steady downtrend since the end of the retaliations between Iran and Israel that eventually marked the top in the geopolitical risk premium. The selloff continued as we got some noise from the cease-fire negotiations between Israel and Hamas. More recently, we started to get news about speculations that OPEC+ could extend the ...
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Natural gas has been on the rise lately, but the rally might be cut short as the commodity has formed a bearish divergence on its hourly time frame. Price has formed higher highs since May 6, but the oscillators are showing lower highs. Stochastic is already in the oversold region, though, suggesting that the selloff may be over. However, RSI has plenty of ...
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CME Group, the world's leading derivatives marketplace, today announced that trading in its U.S. Crude Grade futures, which are Argus-settled and trade as a differential to the global benchmark WTI Crude Oil futures, reached several records in April 2024: • Record ADV of 17.8K contracts, up 54% year-over-year • Record ADV for WTI Midland contracts of 7.1K, ...