Changing balance of power on the oil market. The price per barrel is down significantly
Yesterday's decline in the oil market completely changed the balance of power on the chart. We can forget about a future attack on the round level of $100 per barrel, and we need to start getting used to the idea of a drop to $82.
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April 21 2020
Oil price minus. Futures contracts lowest in history
Can the price of oil be negative? Until recently, no one would be tempted to ask such a naive question. Meanwhile, it turns out that the answer is ... yes.
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April 20 2020
Hin Leong Trading, an oil trading company, collapses
Hin Leong Trading is a huge trading company from Singapore dealing in trade and storage of crude oil. Lim Chee Meng, the only son of its founder, Lima Oon Kuin, has just revealed that the company has concealed $ 800 million in losses, [...]
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20 March 2020
Crude oil has recovered from the bottom. Donald Trump will intervene
Last year, Donald Trump's tweets were able to cause large increases on the New York Stock Exchange and often appeared at a time when black clouds were gathering above the market. Now the US president has spoken about prices [...]