Category Markets

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China’s Support Boosts Crude Oil

Crude oil prices closed up $1.64 on Wednesday (Dec. 22), driven by the dollar’s depreciation and the Chinese government’s insistence on taking measures to support the economy. Including support for the manufacturing sector. WTI crude futures were up $1.64 to…

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Coffee Price Shows Signs of Easing

In early December, coffee prices climbed to a 10-year high, but are now showing signs of easing. Although prices are easing somewhat, they are still higher than they were 10 years ago. Various sources had previously reported that the increase…

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Inflation Has Now Reached Asia

Global inflation is up 4.3% this year, which has given many parts of the world to feel inflation that was not present for several decades. Asia has not yet been hit so hard by global inflation but is now seeing…

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Crude Oil Prices Fell by Over $2 On Signs of Oversupply

Crude oil prices closed yesterday (Dec. 20) down $2.63. News from governments and the IEA apparently have market participants fearing that the Omicron strain will affect oil demand. Memories of the beginning of the pandemic in 2020 are still in…

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WTI Drops Below $70 on Demand Concerns

WTI oil prices fell from $70 per barrel this morning. Market participants remain concerned that the spread of the COVID-19 virus Omicron will affect global oil consumption. WTI crude futures fell 94 cents, or 1.34% at $69.36 a barrel.BRENT crude…

unrecognizable workman cleaning compartment of cargo tank on city road

Omicron Presses Oil Demand

Crude oil futures are closing lower on Friday (Dec. 17) as concerns about the spread of the Omicron coronavirus (COVID-19) continue to circulate in the market. WTI crude futures fell 2.1% to close at $70.86 a barrel. Brent crude futures…

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IEA Reports New Highs for Coal-fired Electricity

The IEA reported today that increases in energy consumption in China, India and the United States could push demand for coal-fired power plants to record levels this year. In turn, this will undermine efforts to reduce greenhouse gas emissions. Global…

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