No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
Although China continues to fight a rapid surge in Covid-19 cases, economic activity in some cities slowly begins to recover.
As it was stated by the Federal Reserve Bank of Dallas representatives, prospects of further cost increase disturb top managers of U.S. shale companies while they are facing challenges with hiring and retaining workers.
It is reported that TC Energy managed to restart the Keystone oil pipeline three weeks after its shutdown.
Vice Prime Minister Alexander Novak stated that Russia is ready to support Kazakhstan's application for oil exports to Germany
Commodity bull super-cycle gives a positive outlook for commodities. As for the precious metals sector, which includes yellow metal, strategists at Wells Fargo adopt a neutral position on its dynamics.
Ewa Manthey, analyst at ING, noted that this year has been quite challenging for commodity markets. The fall in supply and problems with shipments pushed up prices and volatility. Manthey believes the following year to be characterized the same, by higher volatility and uncertainty.
On Tuesday, oil increased in price amid fears that a winter storm in the US might hurt the transportation and production of slate oil and petrochemicals.
West Texas Intermediate (WTI) fell 2.8% on Thursday, hitting $78 per barrel. U.S. black gold inventories have risen by 718,000 barrels over the past week.
Mamdouh Salameh is an expert in global energy. In an interview with RIA Novosti,
This Thursday, a notable fall in U.S. natural gas futures was registered, with prices hitting the lowest levels in 10 months.