Entries by

Second Wave Of COVID-19 Won’t Crush Oil Prices

OPEC+ agreed on Wednesday to cuts starting next month as the global economy slowly awakens from its deep Covid-19 slumber. OPEC+ may have rushed to lift the curbs especially with Covid-19 cases spiking again in the pivotal U.S. market. Saudi Arabian Energy Minister Prince Abdulaziz bin Salman noted production, or 43% less     Read the […]

Oil jumps 3% in volatile session as Fed promises aggressive asset purchases to support markets

Oil jumped more than 3% on Monday as the Federal Reserved announced aggressive asset purchases to support markets. The central bank said it will continue to purchase Treasury securities and agency mortgage-backed securities Traders are hoping that this additional support will put a floor under oil prices     Read the full article here Source: […]