Tag: oil price

daily market analysis
August 02, 2021 BY Steffy Bogdanova

Daily market commentary: The US dollar is trading almost flat

OIL Black gold keeps on trading inside its mid-term bullish channel today despite its failure to clear the $73.85 level last week. The current rebound over the lower band of the bullish channel at $72.30 isn’t reassuring investors as it remains limited compared to the recent 2% correction. Despite a decreasing US dollar providing fresh…

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daily market analysis
July 28, 2021 BY Steffy Bogdanova

Daily market commentary: European shares were mixed, continuing the Asian trend as global uncertainty linger everywhere

OIL Oil is gaining during the early part of Wednesday’s session, supported by a draw in American crude stocks. This reduction feeds into the narrative of supply being insufficient to meet demand, supporting oil prices as a result. Despite the threat posed by the spreading of the Delta variant, the IMF maintained its growth forecast…

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