Oil futures continue to gain and Brent crude .. rises two dollars by 10%

Sky News confirmed in a hurry news that oil futures continue to gain and Brent crude rises two dollars or by 10%. And earlier, Eng. Osama Kamal, the former Minister of Petroleum, said that there are 3 stock exchanges for crude oil in the world, and these focuses that determine oil prices, and oil consumption … Read more

“It’s still harmless”: Bad job data make Dow skid

Gloomy numbers and even bleaker prospects on the US labor market are driving investors on Wall Street away again. The only bright spot for the stock market is the ongoing rally on the oil market. The drastic job cuts in the US weighed on the US stock markets on Friday. Investors preferred to cash in … Read more

Despite the bleak job market: Oil price rally revives Dow Jones

Thursday April 2nd 2020 – A Twitter entry from Donald Trump fueled the oil values. At the same time, signals from the US labor market are depressing the mood on Wall Street. At the end of a nervous day on the stock exchange, the Dow Jones can recover from its significant losses the previous day. … Read more

Oil is the largest weekly loss since 2016

Oil prices tumbled for the sixth consecutive session on Friday to record their lowest levels in more than a year, with futures suffering their biggest losses in one week since 2016, as fears of energy demand being affected by the global economic slowdown caused by the Corona virus. The virus continued to circulate yesterday, with … Read more

Oil prices to their lowest in more than a year

Oil prices fell for the fifth session yesterday, Thursday, its lowest level in more than a year, at a time when increased cases of the emerging Coronavirus (Covid-19) outside China fueled fears that the epidemic might slow the global economy and reduce demand for crude. Brent crude fell $ 1.25, or 2.3 percent, at the … Read more