By Roland Jackson The Bank of England on Thursday hiked its main interest rate to its pre-pandemic level to combat runaway inflation that risks soaring far higher as the Ukraine conflict fuels energy costs.
Oil prices soared Thursday on tensions surrounding key producer Russia, as equities diverged with traders also tracking interest rate decisions and China’s pledge to support volatile markets. The price of benchmark oil
By Han Tan, Chief Market Analyst at Exinity Group Oil prices are cooling further from recent multi-year highs following the EIA’s raised forecasts for US production this year and next, which they
By Hussein Sayed, Chief Market Strategist at Exinity Following three consecutive weekly gains, oil bulls do not seem tired yet as crude oil extended gains for the fifth straight session on Monday.
By Lukman Otunuga, Senior Research Analyst at FXTM OPEC and its allies will be under the spotlight on Thursday as they discuss their oil production plans for the next few months. Markets
Moody’s has lowered its crude oil price assumptions and expects that Brent will average $35 per barrel this year and $45/barrel in 2021, or $8/barrel below the rating agency’s March 2020 assumptions,
By Jameel Ahmad, Global Head of Market Research and Currency Strategy at FXTM Investors are keeping their fingers crossed as hope builds up following steps from world governments to gradually loosen lockdown
By Hussein Sayed, Chief Market Strategist at FXTM The price war between Saudi Arabia and Russia ended over the weekend as the world came together to slash oil output by more than
By Lukman Otunuga, Senior Research Analyst at FXTM “When China sneezes, the world catches a cold.” It’s worth resurrecting this old (modified) adage as the coronavirus outbreak has revived economic fears
By Han Tan, Market Analyst at FXTM Asian currencies and equities are advancing amid subdued trading volumes on the eve of the Lunar New Year, despite news that the death toll