Tag Crude Oil

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This is how the major markets closed last week

The Dow closes lower as investors continue to sell stocks on recession fears after the Federal Reserve (Fed) insisted on tightening monetary policy to curb inflation. In addition, the Purchasing Managers’ Index (PMI) for the manufacturing and service sectors in…

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Crude oil closes higher as Chinese oil demand recovers

Crude oil futures closed higher on Thursday (Sept. 22), boosted by recovering oil demand in China. In addition, oil supplies are expected to tighten due to the escalation of the war between Russia and Ukraine. Crude oil futures closed higher…

white oil tanks under the blue sky

China’s crude oil demand rises as refineries ramp up production

At least three Chinese state-owned refineries and large private refineries are considering increasing production by up to 10% in October compared with September. Stronger demand is expected and fuel exports may increase in the fourth quarter. Chinese refiners expect Beijing…

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Bitcoin fell more than 2% and hovered around $18,000

Today (September 22), the bitcoin price fell 2.70% to $18,434.80. Bitcoin moved in negative territory this morning after the Dow Jones Industrial Average fell 522 points on Wednesday (September 21) as investors worried about the latest round of rate hikes…

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