WTI oil price is holding near new highest since September 2014 in early European trading on Monday, following Friday’s 4.3% advance the biggest one-day rally since Aug 23). Rising geopolitical tensions on possible military conflict over Ukraine, continue to lift oil prices as war would disrupt already tight oil market, after OPEC and its allies […]
The post WTI Oil Outlook: Oil Price Would Easily Rise Above $100 If Situations Over Ukraine Deteriorates appeared first on Action Forex.
Dollar’s broader weakness reasserted itself last week, even as it managed a modest late rebound against Euro. Across the board, however, the greenback remains under pressure, with underlying momentum and sentiment pointing to further downside Read more…
After more than a year of speculation about whether Spirit Airlines could come out of two bankruptcies with a last-minute Hail Mary, the skyrocketing price of jet fuel ended up dealing the final blow to Read more…
The contentious clash of divergent opinions on the Federal Reserve’s outlook on short-term interest rates has clarified with three regional bank presidents zeroing in on increasing uncertainty about the Iran war’s impact on inflation. Fed Read more…