Tag: oil price
Fed Minutes: Future decision-making will shift to a more data-dependent approach
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On May 25, the minutes of the Federal Reserve's May meeting stated that oil prices fell slightly due to concerns about the global economic...
Won’t Be Surprised by OPEC+ Proposing New Output Cuts in June
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On May 24, both oil prices in the United States and Burundi rose by more than 2% on Tuesday. It was reported that Saudi...
How Oil Drives Economic Development Around the World
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Oil is one of the most important natural resources in the world, and its impact on economic development cannot be underestimated. It is a...
Putin Orders Adjustments to Indicators Determining Taxation on Oil Prices
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On May 23, according to a statement from the Kremlin, Russian President Vladimir Putin ordered the government to fine-tune existing indicators and establish new...
Investing in Oil Futures: A Complete Guide for Beginners
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If you’re new to the world of investing and looking to diversify your portfolio, oil futures can be a great option. However, with a...
Multiple Factors Including Dollar Strength Weigh on Canadian Dollar
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USD/CAD edged higher in Asian trade amid a firmer greenback. Meanwhile, oil prices fell and Bank of Canada Governor Macklem gave no support for...
A Guide to Investing in Oil: Tips & Strategies
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With its significant role in global energy consumption, oil remains a prominent investment opportunity for individuals looking to diversify their portfolio and potentially capitalize...
A Beginner’s Guide to Investing in Oil Commodities
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As the world's primary source of energy, oil is one of the most valuable commodities in the global market. For investors looking to diversify...
A Beginner’s Guide to Investing in Oil Wells
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Investing in oil wells can be an attractive opportunity for investors looking to diversify their portfolio and potentially earn significant returns. However, it is...
Oil Prices Recover as Biden Administration Plans to Buy Back Oil Later This Year
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On May 10, the Biden administration plans to start buying oil to replenish the Strategic Petroleum Reserve (SPR) after repairs are completed later this...
Understanding Brent Crude: A Comprehensive Guide
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Brent crude is one of the most important benchmark crude oils in the world, representing a key reference price for oil trading and market...
New Positive Signals for WTI Crude Oil Prices
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On May 8, the analysts of Economies.com have the latest views today: WTI crude oil prices closed around the 71.55 level last Friday, noting...