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  • Oil Continues Fall on Fears of OPEC Deal Failure eztraider January 10, 2017
    Brent crude, the global oil benchmark slid by 1.29% at 13:30 EST on sustained fears of a potential collapse of the OPEC oil deal signed last November. The deal in which, via the incorporation of non-OPEC members, primarily Russia, and constituent nations of the cartel, most notably Saudi Arabia – the largest oil producer  of […]
  • Oil Makes Moderate Recovery After Sharp Fall on Global Production Concerns How safe are binary options do they make money January 9, 2017
    The price of WTI and Brent crude oils has made a moderate recovery since bottoming-out during midday trading as analysts question the bullish notion maintained since the OPEC production cut ironed out in the production deal signed last November. Oil nosedived this morning on news Iran and Iraq may not be reducing their oil production […]
  • Dow Retreats to Low 19,900 Region After Scraping 20,000 Mark January 9, 2017
    The Dow Jones Industrial Average was holding at 19903.60 at 14:15 EST after a day of decline in the first trading session subsequent to the index scraping the coveted 20,000 mark by less than a decimal point in Friday’s trading session. After weeks of sporadic increase the prospect of ‘Dow 20k’ entered the minds of […]
  • Despite Beijing’s Efforts, the Yuan Continues to Plummet January 9, 2017
    Attempts by Beijing to stem or reverse the fall of the yuan appear increasingly futile as the currency continues its depreciation against the dollar, reversing gains it had made in trading sessions on January 4 and 5. The yuan had managed to increase its position against the U.S. dollar as Beijing announced new measures to […]
  • Oil Prices Fall on Fears of U.S. Shale Production Increase Combined with Weariness of OPEC Deal January 9, 2017
    Despite optimism experienced in previous trading sessions regarding the OPEC supply cuts ironed out in the November oil production deal last year, fears of a U.S. shale production increase combined with an apparent rise is scepticism regarding OPEC’s capacity to maintain the promised production cuts have pushed oil lower. Brent crude oil, the global benchmark had […]
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