Oil markets were under great pressure amid increased demand and falling supply. OPEC+ is unable or unwilling to achieve its self-imposed production targets and insists on limiting production increases by 400,000 barrels per day despite rising prices.
Daily Market Analysis
Last week was truly unforgettable, filled with geopolitical tensions and changes of market sentiment. Russian ruble lost 40% against dollar amid sanctions from EU and US. Brent oil soared to almost $120 a barrel, a 10-year high for the commodity. Chinese stocks are near the covid crash levels. Let’s dive into the market together!
There is no calmness in the oil market; history taught us. Since the pandemic began in 2020, we have seen ups and downs in oil prices, from the negative $37.63 per barrel for May 2020 WTI crude to breaking out of the $100 level this February.
The US Federal Reserve may refrain from more aggressive interest rate hikes in March due to geopolitical risks after Russia's special operation in Ukraine…
There’s nothing new in markets witnessing sharp crashes and volatility when geopolitical events happen. The initial and immediate reaction to these events is usually the most dramatic.
What is Novavax? Novavax Inc…
What will happen? eBay will report four-quarter Earnings Per Share and Revenue on February 23…
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
What will happen? Walmart, an American multinational retail corporation, will present its earnings report for the fourth quarter on February 17 before the stock market opens (16:30 GMT+2)…
The well-known space tourism company opened ticked sales to the public. But despite retail traders' frenzy, we think the company still has a murky future.
What will happen? Nvidia will present its earnings report for the fourth quarter on February 16 after the stock market closes (23:00 GMT+2)…
US Inflation has skyrocketed in January to 7.5%, recording the largest annual increase in 40 years. This jump in prices is the fastest pace of inflation since 1982.