Crude Oil This Week: Up, Down, Sideways?
Crude Oil This Week: Up, Down, Sideways? Set your predictions for where Crude Oil is heading this week. Everything is on the table. The past week’s trading of Oil was definitely affected by the infamous Ever Given ship obstructing the Suez Canal. Crude indices swung back up in price once the ship was dislodged from […]
Crude Oil This Week: Up, Down, Sideways?
Crude Oil This Week: Up, Down, Sideways? Set your predictions for where Crude Oil is heading this week. Everything is on the table. The past week’s trading of Oil was definitely affected by the infamous Ever Given ship obstructing the Suez Canal. Crude indices swung back up in price once the ship was dislodged from […]
Crude Oil Drops Below $0 For The First Time in History
In a truly bizarre turn of events, crude oil has dropped below $0 for the first time in history. Over the course of the day, traders watched as WTI crude oil crashed during its trading session, falling to $15 per barrel, and then $11, before finally giving out and turning negative. It is now so bad that traders are willing to pay for oil to be taken off their hands.
Crude Oil Drops Below $0 For The First Time in History
In a truly bizarre turn of events, crude oil has dropped below $0 for the first time in history. Over the course of the day, traders watched as WTI crude oil crashed during its trading session, falling to $15 per barrel, and then $11, before finally giving out and turning negative. It is now so bad that traders are willing to pay for oil to be taken off their hands.
Crude Oil Continuing to Flounder Below $20
On the 12th of April, the OPEC alliance, headed by Saudi Arabia, and Russia reached an agreement to cut the production of oil by 9.7 million barrels per day until June, effectively ending the ongoing price war between the two countries. As well as this they will continue to restrain output for at least the next two years.
Crude Oil Continuing to Flounder Below $20
On the 12th of April, the OPEC alliance, headed by Saudi Arabia, and Russia reached an agreement to cut the production of oil by 9.7 million barrels per day until June, effectively ending the ongoing price war between the two countries. As well as this they will continue to restrain output for at least the next two years.
Finally, a Rebound For Oil
Crude Oil has rebounded back to above $25 per barrel, with a 25% gain for the day. This is one of the biggest single day gains in oil’s history. This rebound comes after WTI had seemingly hit rock bottom, reaching $20/barrel just a day earlier.
Finally, a Rebound For Oil
Crude Oil has rebounded back to above $25 per barrel, with a 25% gain for the day. This is one of the biggest single day gains in oil’s history. This rebound comes after WTI had seemingly hit rock bottom, reaching $20/barrel just a day earlier.
The Only Thing Going Up in These Markets
The US Dollar has been making sharp moves as the only market trading in the green in the current economic crisis. On the US Dollar Index (DXY), the greenback has been living up to its name by making steady gains since the 9th of March, rising from below 95 points to above 101, the highest it has been since 2017.
The Only Thing Going Up in These Markets
The US Dollar has been making sharp moves as the only market trading in the green in the current economic crisis. On the US Dollar Index (DXY), the greenback has been living up to its name by making steady gains since the 9th of March, rising from below 95 points to above 101, the highest it has been since 2017.
