Russia Dumps $5 Billion From Oil Fund, Embraces Euro, Yuan Instead
Russia has dumped a significant portion of the greenback from its oil fund last month, in favour of other currencies
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Oil
Texas Storm Sets Off Global Plastic Shortage
The massive February storm that shut down numerous oil refineries has significantly impacted petrochemical plants, causing extensive disruptions in the
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Oil Prices Plunge to 5-Month Low as New Lockdown Restrictions Crush Demand
As coronavirus cases rise rapidly around the globe, fears of the second, much more severe wave have been rippling through
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Oil Spiral Causes Fireworks Across ETF’s, ETN’s
As expected, yesterday’s negative close on the May futures oil contract for West Texas Intermediate has resulted in some fireworks
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OPEC+ Agrees To Production Cuts of 9.7 Million BPD
It appears that oil production cuts have finally been agreed upon, with OPEC+ members agreeing to cuts consisting of 9.7
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OPEC+ Discussions Delayed To Thursday, Mixed Reactions Over Weekend
Trading in oil futures is expected to open up mixed this evening after a series of events occurred this weekend
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Gold Hits New Highs, Oil Soars On Reports of Trouble In Middle East
The spot price of gold is currently soaring to new highs as a result of reports related to the ongoing
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