Trading News and Research

Displaying research tagged:   Saudi

Show Filters

TRADE THE FOREX MARKET WITH GUIDANCE

Keep abreast of market opportunities in the FX markets with insights, actionable trade ideas and support.
Open An Account

Crude oil regains poise

October 25, 2016 12:31 PM
Crude prices have been able to recoup a big chunk of the losses they suffered on Monday afternoon. At the time of this writing, Brent oil was trading at $51.60 a barrel, a good $1 better off compared to the low hit on Monday, while WTI was trading at $50.75, likewise $1 higher from its corresponding low.

Oil higher ahead of OPEC decision

September 28, 2016 5:28 PM
Crude prices jumped in reaction to the latest weekly US crude stockpiles data but then quickly went into reverse gear, before bouncing back once again. Traders were in no mood to take any chances ahead of the conclusion of talks between the OPEC and non-OPEC members in Algeria, especially given how headline-driven prices have become.

Saudi oil output offer report lifts Brent for fourth day

September 23, 2016 1:02 PM
Ahead of next week’s talks in Algeria, Reuters reported this morning that Saudi Arabia is apparently willing to reduce its oil output for as long as Iran agrees to freeze its production at current levels.

Crude oil rebounds from critical price level

September 7, 2016 7:43 PM
Since Friday, the West Texas Intermediate (WTI) US benchmark for crude oil has been rebounding from a critical price juncture around the $43 level. This rise has been driven primarily by tentative hopes for an agreement among Russia, Saudi Arabia, and potentially other OPEC members to limit oil production in the interest of steadying crude prices. A...