Tag: oilprice

daily market analysis
July 21, 2021 BY Steffy Bogdanova

Daily market commentary: Stocks in Europe and the US are in the green, despite fears over the resurgence of the virus

OIL Oil is trading flat this morning appearing to have found support as risk appetite increases once again. This support comes after the pronounced falls registered during the last few sessions, which were triggered by apprehension over the impact the Delta variant might have on the speed of the economic recovery, as well as the agreement…

Read more
daily market analysis
July 13, 2021 BY Steffy Bogdanova

Daily market commentary: Price gains for oil are likely to be capped by anxiety amongst investors due to the Covid Delta strain

OIL Oil traded higher during early Tuesday, with most of Monday’s losses already cancelled. The price of the barrel remains conditioned by tight supply, with the markets expecting a continuation of the declines in US crude stockpiles, which have been on a downward trend since February. However, further price gains for oil are likely to…

Read more