The G7, the European Union (EU), and Australia capped the price of Russian diesel and petroleum at $60 per barrel to maintain a global supply while hobbling this country’s economy. This limit was set on 5 December 2022 and is one of the sanctions against Russia for invading Ukraine. In December 2023, the US beefed…
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Key data points Bold indicates the most important release for this symbol. Tuesday 16 June, 20.30 GMT: API crude oil stock change (12 June) - previous 8.4 million Wednesday 17 June, 14.30 GMT: EIA crude oil stock change (12 June) - previous 5.72 million Friday 19 June, 17.00 GMT: Baker Hughes oil rig count (19…
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The following article was submitted by Michael Stark, market analyst at Exness. Probably the biggest event so far this week in markets is the huge slump in the price of major benchmarks for crude oil. Stock markets so far are facing their worst day since the Global Financial Crisis in 2008. Japanese GDP data late…
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The following article was prepared by Alejandro Zambrano, Chief Market Strategist at ATFX. Coronavirus Spread Slows In late January, the financial markets reacted forcefully to the news of the Coronavirus. Most of the damage to markets occurred in the China stock indices, such as the Shanghai Composite, which slid by 13.32% from January 21 to February…
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