Tag: oil

It sure looks like Wall Street wants to take stocks up. The NASDAQ pivoted higher after setting a 52-week low, sold off after the initial rush higher, and then the index lifted again with a higher low. Higher cycle lows...

A brutal week on Wall Street ends on a positive note, Fed reiterates commitment to restoring price stability, Oil plummets on outlook, Gold lower on strong USD, Bitcoin’s danger zone – OANDA The stock market selloff may have been overdone and exaggerated...

Commodities are on fire. The price of oil has soared 43% since the start of the year. Palladium – a metal most often used in catalytic converters – has increased 28% over the same period, while wheat has spiked 39%…...

Major economies are looking to increase the supply of oil to calm down prices President Joe Biden’s administration is taking a proactive approach to handling the oil crisis. He decided to tap into its strategic petroleum reserve in a bid to cool...

According to Bank of America Corp (NYSE:BAC)’s analyst Francisco Blanch, oil prices could peak to $100 next year if the high demand continues. The limited supply and ineffectiveness of shale in the U.S. have sent oil to the highest since 2013. Brent surpa...

Although it is a common misconception that the gold spot price and the stock market always trade inversely, looking at ratios and relationships between assets is immensely helpful. There are so many to consider because they all offer you a glimpse of...

Oil prices take a breather from the soaring rebound as enthusiasm grows for the upcoming gathering of oil nations. Although oil policy generates some uncertainty in the short term, market fundamentals suggest greater strength as demand grows with the recover...

Gold has long been the talk of the town thanks to the historical records it set in 2020 and its subsequent price correction, however, could we see a new rival emerging? Silver has remained in the deep shadow of the “main metal”...