What happened? Some big news came over the weekend. On Saturday, September the 14th Saudi Arabia's Abqaiq oil plant was attacked by several projectiles. This started numerous fires in the facility, taking out an equivalent of 5.7 million barrels per...
What happened? Crude oil keeps pushing higher. Brent finished the week above $70, while WTI rose above $63. Will the commodity continue its way to the upside?   Why is it important? In general It’s possible to break the factors which have...
What happened? Crude oil is correcting down. Brent tested levels below $70 a barrel after President Donald Trump threatened to increase tariffs on $200 billion worth of Chinese goods from 10% to 25%. According to the news, China considered delaying...
What’s up? Gold price rose to the highest levels since the end of February above $1,320. Why is it important? In general The driver that propelled the precious metal to the upside was the fear of recession in the United States....
What’s up? Oil keeps enjoying the market’s demand. Russia’s energy minister Alexander Novak claimed on Tuesday that the country is on track to meet its pledged output cuts of 228,000 barrels a day by the end of the month. Russia...
What happened? The meeting of OPEC and its allies including Russia starts today in Azerbaijan. In December, the world’s top oil producers agreed to withhold 1.2 million barrels a day from global markets and thus helped Brent and WTI prices...

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