Russia's Crude Processing Rates Drop in February
Russia’s daily crude oil processing has dropped by 4% so far in February compared to the first half of January, and by 8.6% versus the first half of February 2023
Source: oilprice.com
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Top News In Commodity Strategy Today - Breaking & Trending Today
Red Sea Crisis Is Tightening Oil Markets
Disruptions to shipping in the Red Sea and via the Suez Canal are raising the prices of African and U.S. crude grades and expanding the backwardation in the global Brent crude benchmark
Source: oilprice.com
Will UAE shoppers, tourists rush to buy gold as price dips for first time in months?
First time since mid-December gold is below $2,000, and it could set off demand
Source: gulfnews.com
Should UAE shoppers, tourists rush to buy gold as price dips for first time in months?
First time since mid-December gold is below $2,000, and it could set off demand
Source: gulfnews.com
Traders Boost Bullish Bets on Oil
Money managers have become increasingly bullish on crude oil amid the geopolitical tensions in the Middle East and growing confidence that the U.S. will successfully avoid a recession this year
Source: oilprice.com