oil

  1. FXP_2020

    Suez Canal Blockage Pushing Oil Higher

    Another legendary meme was created last week when Egyptian authorities released an image of the 400-meter container ship blocking the Suez Canal and being dug out by what seemed to be a miniature excavator. The humongous vessel has been stuck since Tuesday, blocking one of the most important...
  2. syamfx2020

    Crude oil prices skyrockets 5% boosted by OPEC deal

    "It is a great New Year present for the whole oil industry," Russian Deputy Prime Minister Alexander Novak said on the second day of 13th OPEC and non-OPEC Ministerial meeting. Crude oil price climbed to 11-month highs boosted by the compromise deal between the Organization of Petroleum...
  3. syamfx2020

    Development of the Oil market from pandemic’s lows

    Recently, crude oil prices enjoyed 4 consecutive week rally after upbeat vaccine news. The rally also supported by the Biden’s victory in the hopes that he will soon announce a large fiscal stimulus package that could support demand for oil. Development of the Oil market (Jan 20 – March 20)...
  4. syamfx2020

    Stocks and Metals pause the rally ahead of US election

    With less than two months to go to voting day for the US presidential election held on 3 November 2020 and the race between Donald Trump and Democrat leader Joe Biden tightening, financial markets are starting to get the jitters. During the last week, Federal Reserve finished the September...
  5. syamfx2020

    DAILY MARKET REPORT - Monday, Aug 17, 2020

    Crude oil price trading steady on Monday ahead of OPEC meeting later this week. The Joint Ministerial Monitoring Committee (JMCC), which is co-chaired by Saudi Arabia and Russia, is set to meet on Aug. 19 to assess compliance with quotas and recommend any adjustments to the cuts if needed. In...
  6. syamfx2020

    Weekly Economic and Earnings Calendar 27/07/2020 – 31/07/2020

    Important economic releases this week: FOMC meeting, US and Eurozone Q2 GDP and Oil inventories. Earnings to watch - Apple, Amazon, Facebook, Boeing, Google, Starbucks, Visa and Mcdonald's.
  7. syamfx2020

    DAILY MARKET REPORT - Friday, July 10, 2020

    Crude Oil price struggles to find an upside direction as the oversupply concerns increase after data from both the EIA and API showed a surprise build in US crude inventories last week. According to the EIA Petroleum Status Report, US crude oil stocks rose by 5.654 million barrels in the week...
  8. syamfx2020

    DAILY MARKET REPORT - Wednesday, July 08, 2020 - Gold price climbed above $1,800, the first time since 2011

    ech Gold price climbed above $1,800 an ounce during the European session, the first time since 2011. The overall momentum remained bullish throughout this week as investors turned to safe-haven assets amid a spike in coronavirus cases in several countries across the globe. EQUITIES US futures...
  9. syamfx2020

    Oil prices slide as OPEC meeting concluded with mixed outcomes

    During the weekend, the 179th meeting of the OPEC was held via e-conferencing on Saturday, 6th of June, 2020, under the leadership of its president, Mohamed Arkab, Minister of Energy in Algeria. The OPEC led by Saudi Arabia and other key oil producers has agreed to extend the 9.7 mbpd deal to...
  10. syamfx2020

    Crude oil prices surge to 2-month high; What causes the oil price recovery?

    commo Oil prices may have stabilized after plunging in response to the coronavirus and the price has surged more than 80% this month as demand returned following the easing of lockdown restrictions in some countries. Demand and supply fundamentals are getting better which is helping the oil...
  11. A

    CmC Markets - question regarding WTI-Cash (West Texas Oil contract)

    i found a WTI-Cash contract on cmc markets broker, also trading around $11.09, live chat with them but after more than an hour, the representative did not reply, i assumed he ignored my question, so i have no choice but create a thread here. Nymex Dec 2020 contract price is around $34, while...
  12. Deltoid88

    Tickmill SCAM! Offers invalid WTI price in close only mode, wrong price execution for all bigger trades

    I am going to describe 2 problems I ran into with Tickmill. My trading account # 3033967. First and main problem is fake and imaginary WTI CFD price they offer in the moment. Their price currently is at 9.43$ for barrel, while true WTI CFD price is 26$ for barrel, it can be checked with any...
  13. Tradervn

    Ic Market scam on Oil transaction

    This topic I'm talking about is one broker, ICMARKET which mentioned they are ECN by themself. But is that true? I'm talking with you about my story. 4/21/2020 i have opened the short position for symbol XTIUSD, ( they mentioned it WTI Crude Oil Spot vs United States Dollar ) my volume is 16300...
  14. edisondanielmv

    Resolved: Pepperstone increasing marging requirements from 0.5 to 15% in oil pairs

    Hello guys. I had really bad experiences with pepperstone. They didn't respect my stop losses orders they said it is the slippage and this is part of the game so they didnt take responsability of the contract that we do when we set a stop loss. And I lost nearly 2% of my account. Then I was...
  15. FitsTrader

    ALL BROKERS SUDDENLY FREEZES THE PRICE OF THEIR OIL CFDs

    Why all FX Brokers with CFDs suddenly stop reflecting oil prices and stucked between 16 usd to 22 usd range? While the current market price now is at 5 usd?
  16. A

    Floating loss "transferred" to swap on WTI Oil

    Hello members, I'm trading on a demo account and decided to trade WTI CFD. The data feed from the broker is very weird and very far from the data elsewhere (on Tradingview). I went long (bad decision) and the trade's floating loss got bigger. But I was hoping that with OPEC's decision it would...
  17. fullertonmarkets

    Oil Rallies Put Risk Assets in Favour

    As risk-off sentiments may be here to stay for some time, buy gold at dip? Business confidence may get hurt if oil to stay above 70 for some time Oil prices jumped while global stocks fell after the US killed a top Iranian military commander in an air strike, shoving geopolitics to the top of...
  18. S

    Oil price rose to three-month highs, boosted by Middle East tensions

    Oil prices are trading at three months high on Monday after the news of U.S. airstrikes in Iraq and Syria against Kataib Hezbollah, an Iran-backed militia group. U.S. officials said Sunday that the attacks were successful, but warned that “additional actions” may be taken to defend U.S...
  19. S

    Aramco, the Saudi-owned oil giant, spiked 10% Wednesday when they hit the market in the world's biggest-ever IPO.

    Saudi Aramco (SE:2222) IPO begins trading on Tadawul Exchange (Saudi Exchange). It replaced Alibaba to top the world IPO record with US$25.6 billion raised. At this level, Aramco would have a market valuation of $1.7 trillion, overtaking Apple Inc as to the most valuable listed firm. The shares...
  20. S

    BIG DAY FOR OIL

    OIL RISES AS INVESTORS AND TRADERS AWAIT THE OPEC MEETING UPDATES. Today the Energy and oil ministers from the 14-member OPEC will meet at OPEC's headquarters in Vienna. On Thursday WTI crude oil had gained 4.2% of its value after the API report revealed a greater than expected drawdown in...
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