Oil Struggles To Hold Gains

Oil Struggles To Hold Gains

Oil traders should hold those bulls. The fundamentals of oil markets have not yet changed, and the price of crude reflects that. Demand is pretty stagnant, and supply is abundant, which means prices have really struggled to hold their gains. WTI has been unable to...
Ailing CETA Gives Brexit Some Perspective

Ailing CETA Gives Brexit Some Perspective

A free trade agreement between the EU and Canada has slipped beneath the radar on many news outlets. The Comprehensive Economic and Trade Agreement which was finalized under Canada’s previous government is now facing a roadblock in the southern Belgian region of...
Venezuela On The Brink Of Collapse

Venezuela On The Brink Of Collapse

OPEC oil cuts may take a surprising turn. Venezuela which has been one of the most vocal members over the past 2 years, trying to get price boosts, might have its state oil company collapse. PDVSA, which is Venezuela’s only lifeline, is about to default on its bonds....
Oil Giving Back Some Of Its Gains

Oil Giving Back Some Of Its Gains

As expected, oil is giving back some of its gains. OPEC’s recent deal to curb production and keep it within the 32.5 and 33 million barrels of oil per day, was the main driver behind the recent surge that saw WTI prices touching 15 month highs. Nevertheless, OPEC is...

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