Trading news

Brent crude trades lower

Brent crude, during the European trading session, edged lower, amid the scenario where Russia and Saudi Arabia could likely come to an agreement fading the most.

Brent crude drops 0.7%

In London, on the ICE Futures Exchange, Brent oil for November delivery traded at $47.28 a barrel, declining 0.7% or 35 cents.

Yesterday, Brent touched the $49.40 price level, rising 5%, following Russia and Saudi Arabia's failure to cooperate.

Furthermore, after the disappointed outcome showing that the probabilities for collaboration are more unlikely to take place, Brent's price trimmed its previous gains and traded at $47.63.

Moreover, the two biggest oil producers, Russia and Saudi Arabia, are planning to set up a monitoring group that will come up with some recommendations for overcoming instability.

Read More

Tuesday, 06 Sep, 2016 / 9:12

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/brent-crude-trades-lower

Trading news

 

Will the ECB disturb the waters?

· ECB unlikely to rock euro – resilient economy vs higher yields [...]

Posted on Thursday, 22 Apr, 2021 / 9:50 under

VERIZON SHARES SLIDE EVEN AFTER UPBEAT PROFIT

Verizon reported a strong start to the year, with a solid operational [...]

Posted on Thursday, 22 Apr, 2021 / 8:06 under

Can the Bank of Canada pull off a ‘cautious’ tapering?

· Bank of Canada likely to scale down its vast QE program today [...]

Posted on Wednesday, 21 Apr, 2021 / 9:16 under