On Monday, the oil sector remained under pressure from the U.S. Congress still not coming to an agreement on the stimulus plan as well as suffering the impact of new coronavirus wave in the United Kingdom which raised questions about the economic recovery in all
On Friday, the New York Stock Exchange ended marginally lower, following records in its key indices, which increased throughout the week. As Friday approached (the last deadline before a “shutdown”), talks in the U.S. Congress on a proposed $900 billion budget funding package have escalated,
On Tuesday 15 December, in the face of strengthening restrictive measures in a number of Western countries, oil gained about 1.1 percent in price. Moreover the news of continued growth in the production of oil in Libya puts pressure on the prices. The weakening of
On Friday, on the macro-economic front in the United States, amid the rise in the coronavirus pandemic and the return of restrictive measures in many states, American morale was holding up at the beginning of December. As calculated by the University of Michigan, the preliminary
In the oil sector, in the expectation of an economic rebound in 2021 thanks to anti-Covid-19 vaccinations, optimism continues to lift prices. U.S. light crude oil (WTI) eventually held up well with the January Nymex contract adding up 2.8 percent to $46.78 a barrel. The
Oil prices which began to rise on Friday have weakened by the background details on Monday. WTI dropped by -1.08% while Brent fell -0.93% to settle at $45.76 to $48.79 respectively. Baker Hughes’ weekly figures appear to show a rise in drilling activity in the
The markets traded without any obvious enthusiasm Wednesday. Extremely contradictory news is the reason for this, which does not yet allow investors to decide on a possible continuation of the movement. A number of pharmaceutical companies, on the one hand, are not only close to
Markets were pleased in terms of U.S. policy to see Donald Trump taking another step towards acknowledging his defeat in the November 3 presidential election to Joe Biden. In the short session on Friday, after remaining closed for Thanksgiving on Thursday, Wall Street took an
On Monday, oil prices continued to grow at their highest level in almost three months, hoping for a demand rebound in 2021 and an extension of OPEC supply cuts past 31 December. On 30 November and 1 December, the representatives of the OPEC+ will meet.
The major U.S. indices show negative dynamics in the trading on Friday, November 20, due to disputes between the Federal Reserve and the US Treasury over the extension of a variety of programs during the coronavirus pandemic to support the country’s economy. Thus, Treasury Secretary
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