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Crude oil testing key level following Saudi price cuts

US crude oil prices were hammered to start the trading week, undermined by news major exporter Saudi Arabia has reduced the price for benchmark Arab Light crude for delivery to Asia to the lowest level since late 2021.

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January 8, 2024 11:51 PM
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Financial brokers explained: definition, types, and roles

Brokers are middlemen, and exist across different industries – such as real estate and insurance. But what do they do in finance? And which type of broker do you need for your goals?

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May 30, 2023 03:30 PM
Congress building

US open: Stocks tumble as inflation unexpectedly rises

Stocks are set for a steeply lower start after the keenly awaited CPI data showed that inflation unexpectedly rose in May to 8.6% YoY a fresh 40 year high.

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June 10, 2022 01:26 PM

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Tight spreads from 0.5 pts on FX and 0.3 pts on indices.

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Two trades to watch: GBP/USD, Oil

GBP/USD rises despite PM Boris Johnson facing a vote of no confidence. Oil prices rise as Saudi Arabia hikes prices.

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June 6, 2022 08:22 AM
Gold nuggets

Two trades to watch: DAX, Gold

DAX holds steady as Russia cuts gas supply to Poland, Bulgaria. Gold trades under pressure on USD strength.

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April 27, 2022 08:45 AM
Federal reserve Eagle

Two trades to watch: EUR/USD, Oil

EUR/USD rises towards 1.10 ahead of the Fed rate decision. WTI crude oil rises after 11% declines in 2 days.

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March 16, 2022 08:18 AM
Congress building

US open: Futures fall as jump in oil stokes stagflation fears

US stocks point to a weaker start after oil prices rise over $120, fuelling stagflation fears.

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March 7, 2022 01:45 PM

Two trades to watch: BP, oil

BP swings into profit. Oil steady ahead of API.

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February 8, 2022 08:47 AM

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