The reason for the vertical rise in black gold prices are the reports of the US Secretary of State on CNN. Fear and uncertainty prevail over the war in Ukraine and the rapidly changing Western sanctions against Russia. Asian markets opened at dawn in deep red, while Brent oil jumped to $ 136 a barrel...
The price of gold recorded significant losses on Friday, with investors moving away from the precious metal and turning to other investment moves. After yesterday’s rally, the price on the April contract of gold closed with losses of 2% or $ 38.7 at $ 1,887.6 an ounce. On a 7 day period basis ended with...
Oil and gas prices jumped again on Tuesday, with US crude hitting new highs since June 2014 and a 30% jump in key European gas prices as Russian forces advanced into the Ukrainian capital. Brent crude was up 8.79%, or $ 8.50, at $ 106.60 a barrel, while US WTI crude was up 10%, or...
Oil costs closed higher on weekday once closing for over seven years as Russia set to withdraw a number of its units from the Ukrainian border, easing issues regarding the chance of a Russian invasion. In particular, the crude for March delivery lost $ 3.39, or nearly $ 3.6, at $ 92.07 a barrel on...
Goldman Sachs and Morgan Stanley had been introduced to the listing of banks that anticipate crude to reach $ 100 a barrel in 2022. The financial institution expects oil reserves to decline further by the end of the year, following the great drop in 2021, according to a note addressed to its customers. Backup capacity...