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A lithium deal between Germany and Bolivia fell through in November following a political shakeup in La Paz, but now Berlin is looking to revitalize the deal
To the annoyance of some shareholders, Callon Petroleum (NYSE:CPE) shares are down a considerable 31% in the last...
Based on the events over the weekend with the spreading of the coronavirus, we’re expecting to see a lower opening.
OPEC members are discussing a potential extension of the oil production cuts through the end of 2020, an OPEC source told Russian news agency TASS on Friday.
The S&P; 500 went back and forth during the week, showing signs of exhaustion as we are clearly a little overextended. That being said though, there are plenty of support levels underneath that I will be watching.
Crude oil markets got absolutely hammered during the week, forming an extraordinarily bearish candlestick. That being said, we are still well within the overall range that we have been in for the year and a half.
The British pound rallied again during the week, breaking above the 200 week EMA before given back quite a bit of the gains. By doing so, the market has formed a bit of a shooting star, suggesting that perhaps we may have to pull back.
The Australian dollar initially tried to rally during the week, but then reached towards the previous downtrend line. Ultimately, the market is approaching the 0.68 level is a sign of challenging support.
The lack of follow-through to the upside following Thursday’s technical bounce suggests the absence of buyers, since the move was likely fueled by profit-taking and short-covering.
Monaco-based oil and gas consultancy Unaoil paid $6 million (4.6 million pounds) in bribes to secure Iraqi oil contracts after the fall of Saddam Hussein, a London court heard on Thursday. In the trial, which has just begun, two former Unaoil managers and an ex-sales chief of Dutch-based energy services company SBM are accused of conspiring to bribe top Iraqi officials to secure lucrative projects. The high-profile case revolves around how Iraq sought to more than double oil production after the overthrow of Hussein in 2003.
Investing.com - The U.S. stockpile of crude oil supplies fell less than expected last week, the Energy Information Administration said Thursday.