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

Futures contracts for gold declined with European trading after it was high in the Asian session : with the beginning of today’s hours, futures contracts rose by 0.66%, to be traded at a price
09-2020 21 09:52:41

Gold futures rose for December delivery according to the Asian session on Friday. As it increased by 0.47%, to be traded at the price of 1959.00 dollars per ounce, and it was previously traded at a
09-2020 18 06:02:31

Oil prices rose this morning, due to the halt in oil and gas production due to a hurricane in the United States of America, as the price of crude oil increased by approximately 1.5%, reaching 41.13 d
09-2020 16 06:30:20

We open the trading week with a rise in gold prices today, after it witnessed a decline in the last days of last week, as it is a safe haven for investors, especially when crises that negatively affe
09-2020 14 06:22:57

Gold prices experienced a remarkable decline at the beginning of the week after it concluded its Asian trading at a high, affected by the great rush of investors, if this morning the gold futures con
08-2020 31 08:11:31

More News

Logs

Advertisements