
Oil plunged several percent on Thursday. They say, the bullish rally was just too aggressive. Let's trade the dip then!
On Monday, oil tacked on in Asia, with market participants paying attention to quite busy week of data points on demand and supply.
American West Texas Intermediate crude futures rallied 0.26% being worth $49.42 a barrel. At the same time Brent futures added 0.20% trading at $55.73 a barrel.
Japanese markets are still unavailable, while China returns from a week-long holiday.
In the week ahead, investors will closely watch fresh weekly data on American stockpiles of crude as well as refined products on Wednesday and Thursday in order to further assess the real impact of recent storm activity was on demand and supply.
The reports emerged one day later than usual because of the Columbus Day holiday in the USA on Monday.
Besides this, crude traders are going to focus on monthly data from the OPEC members and also the International Energy Agency to evaluate global crude supply as well as demand levels.
Oil plunged several percent on Thursday. They say, the bullish rally was just too aggressive. Let's trade the dip then!
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
Another all-time high has juts been reached by the famous crypto asset. What next? $100,000?
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
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