Tag: oil
Oil Imports Exempted from Trump’s Sweeping Tariffs
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WASHINGTON — The U.S. oil industry received a significant relief on Wednesday as imports of oil, gas, and refined products were exempted from President...
Blame Game Escalates in Iran as Rial Plunges to Record Low
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The Iranian rial has hit a historic low against the US dollar amid worsening economic uncertainty, fueled by deteriorating prospects for direct negotiations with...
Brent Crude Price Tests Key Resistance at $73.60 – Market Forecast for March 31, 2025
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Brent crude oil prices have shown upward movement in recent intraday trading as they attempt to break through the critical resistance level at $73.60....
US Crude Oil Price Faces Key Support at $68.90 – Market Forecast for March 31, 2025
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US crude oil prices have been trading sideways in recent intraday sessions as the market seeks a bottom to build momentum for a potential...
Brookings Paper Suggests Central Banks Should Backstop Hedge Funds Engaged in Basis Trade
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A new research paper to be presented at the Brookings Papers on Economic Activity (BPEA) conference on March 28 proposes that central banks, particularly...
Does Gasoline Evaporate Quickly?
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Gasoline, a crucial fuel for many vehicles, machines, and industries, is well-known for its volatile nature. It's a liquid fuel derived from crude oil...
The Commodities Feed: Sanctions Push Oil Higher
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Energy – US Tightens Sanctions on Iranian Oil Exports Oil prices saw a significant rally yesterday, with ICE Brent crude closing more than 1.7% higher...
Libya’s Economy Under Strain as Foreign Currency Sales Skyrocket Amid Falling Oil Revenues
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TRIPOLI – Libya’s foreign currency sales have surged dramatically, far outpacing the country’s declining oil revenues, raising concerns over financial stability and foreign exchange...
US Slaps Iran-Related Sanctions on Oil Tankers, Chinese ‘Teapot’ Refinery
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On Thursday, the U.S. Treasury Department imposed new sanctions targeting entities linked to Iran’s oil trade. Among those sanctioned for the first time were...
Crude Oil Price Forecast – March 14, 2025
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Crude oil prices are exhibiting a strong bullish momentum, with the next key resistance level being the 50-period Exponential Moving Average (EMA), currently around...
Brent Oil Price Forecast – March 14, 2025
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Brent oil prices are making a push to break above the $70.75 level, which, as highlighted earlier, is a key threshold for the next...
Stocks Fall, Gold Rises as Tariffs Weigh on Markets
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Stocks in Asia fell on Thursday, reversing early gains, as concerns about the economic impact of President Donald Trump's trade policies overshadowed optimism from...