Crude Prices Rise Amidst Expectations over Extended and Deepened OPEC-led Supply Curb

Posted by Option Banque in on May 22, 2017

U.S. crude oil futures prices gapped up on Monday, supported by speculation that an OPEC-led supply cut to crude supplies will be extended further in a meeting held later this week. U.S. West Texas Intermediate (WTI) crude futures jumped above … Read More

Federal Reserve’s Minutes Awaited, OPEC’s Meeting Under the Spotlight

Posted by Option Banque in on May 21, 2017

U.S. stocks pared gains but still closed higher on Friday. At the close in NYSE, the Dow Jones Industrial Average rose by 0.69%, the NASDAQ Composite index added 0.47%. The S&P 500 index climbed 0.68%, paring a gain that reached … Read More

Japanese Yen Extends Upward Rally versus Dollar As Global Shares Tumble

Posted by Option Banque in on May 17, 2017

Japanese Yen extended its gains versus its American counterpart in Asian trading session on Wednesday amidst declines in global stock markets which were spurred by U.S. politic turmoil. The Yen added 0.5 percent in early trade after having jump 0.6 … Read More

Dollar Hit by Weak Data Political Turmoil, Euro Soars Above 1.10000 Significant Level

Posted by Option Banque in on May 16, 2017

The Euro moved past the 1.10 handle versus the U.S. dollar for the first time since early November on Tuesday as the greenback was hit hard by concerns over U.S. political turmoil while the single currency strengthened after upbeat economic … Read More

Oil Futures Prices Extend Their Up Moves Following A Sharp Drop in U.S. Inventories

Posted by Option Banque in on May 11, 2017

Crude oil futures advanced on Thursday, extending their upbeat moves on Wednesday which came after a steep drop in U.S. inventories and comments from the Algerian energy ministry. U.S. crude and global benchmark Brent crude both rose 0.4 percent to … Read More

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