Breaking News

Oil hovers around the danger zone - 20-04-2020

News Date: 20/4/2020 06:33:30
 

Expectations have become real facts ! Since the beginning of April, oil has sunk in more inaction and weakness, and its prices have decreased by an amount equal to or more than 7%. This is due to the decision of the Saudi government : which decided to raise the rate of its crude production as an attempt to pressure Russia. After not reaching an agreement that satisfies the two parties to increase the production cuts to support the prices, this constituted a major buzz in the markets : a fierce war for oil prices, and more is expected to happen. After nearly 18 years, here is the oil knows a precedent of its kind that has not been followed since Almost two decades !

Today, oil prices have decreased by 22,361%, a large number that does not herald the possibility of recovery or even standing up to reality and reducing the dependencies of the Corona virus on it.

On the other side, gold continues its global decline of 0.175% in light of the high value of the dollar, but  at least he's stable for today, while silver is known as a near bounce, even if slightly by 0.194%.

The US dollar continues to fluctuate at its levels against the euro between 1.09 and 1.07, and it recorded the highest pourcentage three weeks ago, in which it reached a rate of 1.12, while the Japanese yen also decreased by 0.10% against the dollar, bringing its price to 107 64 after it was equal to 109,097, this without forgetting to mention the Canadian dollar price which also knew a decrease of 0.38%, as the unit price against the US dollar reached 1.4053 after it was sitting at the level of 1.41. On the other hand, the US dollar loses against sterling by 0.12%, and also against the Swiss franc by about 0.135%.

Latest news

Bitcoin, the largest cryptocurrency by market capitalization, managed to exceed the $20,000 level, rising by more than 5%, to $20,286 in particular. Followed by Ether, the second largest cryptocurren
09-2022 27 00:49:52

The dollar index rise against six major currencies, including the British pound and the euro, rose to its highest level in 20 years, supported by the decline of the British pound. The euro recorded
09-2022 26 02:49:04

Crude oil futures rose during the Asian session today, Thursday, this rise came after a decline : after the US central bank raised interest rates to control inflation, which directly affected the dem
09-2022 22 02:20:30

Yesterday, Wall Street closed lower , following the US central bank’s meeting, which is expected to raise interest rates significantly. According to the data, the Standard & Poor's 500
09-2022 21 01:33:42

Today gold futures and crude oil futures rose during the Asian session. As the gold futures contract was traded in December at $1,685.30 an ounce, its price increased by 0.42%, after it had previous
09-2022 20 02:56:35

More News

Logs

Advertisements