Category: Oil
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Oil falls on demand growth concerns, robust dollar
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Written by Ghislaine Lehr SINGAPORE (Reuters) – Oil prices fell on Friday on concerns about demand growth in 2025, especially in China, the largest importer of crude, putting global oil standards on track to end the week down about three percent. Brent crude futures fell 33 cents, or 0.45 percent,…
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Trump Could ‘Revalue’ Bitcoin Like Oil In 1973: Top Economist
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in interview With Natalie Brunelle, Luke Gromen, renowned macroeconomic analyst and founder of FFTT LLC, shared his insights on the potential impact of former President Donald Trump on the price of Bitcoin. The discussion centered around Trump’s campaign promise that he would create a strategic stockpile of Bitcoin and its…
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Trump Could ‘Revalue’ Bitcoin Like Oil In 1973: Top Economist
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in interview With Natalie Brunelle, Luke Gromen, renowned macroeconomic analyst and founder of FFTT LLC, shared his insights on the potential impact of former President Donald Trump on the price of Bitcoin. The discussion centered around Trump’s campaign promise that he would create a strategic stockpile of Bitcoin and its…
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Trump’s low oil price promise is a risk and a boon for emerging markets
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Written by Rodrigo Campos and Libby George NEW YORK/LONDON (Reuters) – Donald Trump promised to “drill, baby, drill” to cut energy costs in half, a plan that sends shivers through the governments of emerging market oil producers worried about dollar yields and fills poorer importing countries with hope. In practice,…
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OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price Slump
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Breadcrumb links BMN Business When OPEC+ ministers meet this weekend, they face an unpalatable choice: continue to limit oil supplies until 2025, or risk renewed price declines. Article writer: Bloomberg News Grant Smith Posted on November 27, 2024 • 4 minutes read You can save this article by registering for…
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Donald Trump warned not to pull out of Paris climate agreement—by the CEO of oil giant Exxon Mobil
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Donald Trump’s stunning re-election threatens to upend the business of the industry he swore to protect: Big Oil. If his incoming administration follows through with plans to once again withdraw the United States from the landmark 2015 Paris climate agreement — as a way to ease restrictions on fossil fuel…
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Chart Art: WTI Crude Oil (USOIL) Testing Mid-Range Area of Interest
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WTI prices appear to be stuck around the middle of their range at the moment! Is it about to bounce back to support soon or is it about to continue its climb to the top? Take a look at the near-term turning points I’m watching on the 4-hour time frame:…
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Chart Art: WTI Crude Oil (USOIL) Just Bounced From a Range Support. Now What?
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A rebound in crude oil prices has pushed West Texas Intermediate (USOIL) crude higher from a key technical support area. Will this cause USOIL to reconsider areas of highest interest? Let’s check the 4-hour time frame: West Texas Intermediate (USOIL) 4 hours Chart by TradingView If you read Thursday’s market…
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Bitcoin Supporter Says Crypto Will Surpass Gold And Oil
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This article is also available in Spanish. An OG Bitcoin backer has made a bold prediction that demand for Bitcoin will increase rapidly in the near future, reinforcing estimates by some cryptocurrency experts that BTC is on a path to reach a six-figure level. OG, short for “Original Gangster” or…
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Stocks climb, oil sinks at start of pivotal week: Markets wrap
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(Bloomberg) — There was a sense of relief in markets after Israeli retaliatory strikes against Iran averted oil facilities, with crude oil falling and stocks rising at the start of what appears to be a pivotal week for investors. Most read from Bloomberg Iran said its oil industry was operating…
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The Best High-Yield Oil Stock to Invest $1,000 in Right Now
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If you’re looking at oil and natural gas stocks, there’s one thing you should expect — volatility. Oil prices are known to fluctuate dramatically, and often quickly. Any investor who invests his money, whether it is $100, $1,000, or $100,000, should be prepared for periods of weakness because they will…
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Chart Art: WTI Crude Oil (USOIL) Triangle Pattern Forming!
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WTI bulls appear to be ready for another rally, as the energy commodity found support at the bottom of a newly formed triangle pattern. Can you go north from here? Here are the upside targets I see on the 4-hour time frame: West Texas Intermediate (USOIL) Chart by TradingView Is…
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The Secretive World of Russian Oil Tanker Insurance Revealed
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Breadcrumb Trail Links PMN Business One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. Author of the article: Bloomberg News Alex Longley, Patrick Sykes and Alberto Nardelli Published Oct 22,…
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The Secretive World of Russian Oil Tanker Insurance Revealed
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Breadcrumb Trail Links PMN Business One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. Author of the article: Bloomberg News Alex Longley, Patrick Sykes and Alberto Nardelli Published Oct 22,…
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Chart Art: Potential Trend Support Area For WTI Crude Oil (USOIL)
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Remember the support zone we talked about a few days ago? Well, it turns out the bears had more fuel in the tank than we thought! Now, USOIL may get a bid from the trend line support that has been holding since early September. What do you think of this…
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Rubis overtakes TotalEnergies as second largest oil marketer in Kenya
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French oil major Rubis has overtaken TotalEnergies Marketing to become Kenya’s second largest oil marketer on the basis of market share. New official data from the Energy and Petroleum Regulatory Authority (Epra) shows that Rubis’ market share rose to 15.56 percent or 850.194 billion liters as of June this year…
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Rubis overtakes TotalEnergies as second largest oil marketer in Kenya
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French oil major Rubis has overtaken TotalEnergies Marketing to become Kenya’s second largest oil marketer on the basis of market share. New official data from the Energy and Petroleum Regulatory Authority (Epra) shows that Rubis’ market share rose to 15.56 percent or 850.194 billion liters as of June this year…
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Chart Art: Is WTI Crude Oil (USOIL) Ready To Bounce From $70?
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WTI crude oil is taking a break from its weekly losses by being in a key technical support area. Is the black crack ready for an upward swing? We take a closer look at the USOIL 4-hour time frame: WTI (USOIL) 4 hours Chart by TradingView In case you missed…
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Asian Stocks Poised to Track US Gains; Oil Drops: Markets Wrap
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Breadcrumb links BMN Business Asian stocks are poised to track another strong performance on Wall Street, with stocks hitting all-time highs. The price of oil fell as concerns about Israel attacking Iranian energy facilities eased. Article writer: Bloomberg News Jason Scott Posted on October 14, 2024 • 4 minutes read…
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Chinese Stocks Gain in Volatile Trade, Oil Falls: Markets Wrap
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(Bloomberg) — Chinese stocks erased declines to advance in choppy trading as investors weighed the impact of measures announced by the Finance Ministry to revive growth. Most read from Bloomberg The local stock index rose as much as 1.7%. The yuan fell as oil fell, reflecting doubts among some traders…