Oil Archives - SCOPE MARKETS Blog

Energy focus helps shield FTSE 100 from wider declines

European markets have kicked off the day on a downbeat tone, with the DAX leading the declines on a day that looks largely devoid of any notable economic or earnings releases. Those losses are lessened somewhat for the CAC, with French trade data bringing a welcome rebound in exports that flew in the face of […]

by Joshua Mahony
9 months ago

What Can We Expect From the OPEC+ Meeting & Oil Prices? A Detailed Technical Outlook for the 28 June – 2 July

After the demand impact caused by Covid19, OPEC+ has done a good job rebalancing the world oil market.

by Lulama Msungwa
3 years ago

Oil Prices Take a Tumble on COVID-19 Resurgence

Oil prices recorded one of their worst weeks since October 2020. Last week saw Crude Oil post losses for 5 straight days over the resurgence of Covid-19.

by Adegbotolu Kehinde Erastus
4 years ago

Stocks Trade Lower after Powell’s Speech

The stock market experienced a massive sell-off after the Fed’s Chairman showed little concern about rising bond yields on Thursday.

by Adegbotolu Kehinde Erastus
4 years ago

Crude Oil Prices Retreat from A 13 Months High

Crude Oil prices could feel the impact of the OPEC JMMC meeting on Thursday which will decide more on the oil supply.

by Adegbotolu Kehinde Erastus
4 years ago

Oil rises above $60 as Texas winter storm forces refineries to shut down

Key points Texas winter storms clamps down on crude oil supplies, sending price above $60 pb (per barrel) Refineries have been shut due to bad weather conditions Millions of people are without power supply as the winter storm collapses power generation In what is described as an extreme weather condition in the state of Texas, […]

by Adegbotolu Kehinde Erastus
4 years ago