Author: Pegasus Lonestar

Fears of U.S. Shale Oil Increase Push Oil Down

Fears of U.S. Shale Oil Increase Push Oil Down

Fears of enhanced production by U.S. shale producers, hoping to cash-in on recent increases in the price of crude have pushed the commodity lower, as concerns rise regarding the potential for significant market-saturation once more. Prices of the commodity had soared in the wake of the signing of the OPEC deal designed to reduce oil-market-saturation, … Continue reading Fears of U.S. Shale Oil Increase Push Oil Down

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Pound Tumbles on Brexit Concerns

Pound Tumbles on Brexit Concerns

The pound was down 1.13% against the U.S. and 0.77% against the Euro at 21:15 GMT, as concerns regarding the nature of Britain's exit from the European Union push the currency to a three-month-low. Beginning the trading week down almost 2% against the dollar in early-hour trading, the British pound remained a vivid illustration of … Continue reading Pound Tumbles on Brexit Concerns

Political Uncertainty Pushing Gold Up

Political Uncertainty Pushing Gold Up

Gold rose on the notion of increasing political uncertainty and a weakened dollar, after a disappointing press-conference for analysts hoping for some insight into the impending economic conditions during the imminent Trump administration. For months gold rallied and fell, as the tone of political certainly came and went with the results from various polls during … Continue reading Political Uncertainty Pushing Gold Up

Increasing Pessimism Surrounding OPEC Deal

Increasing Pessimism Surrounding OPEC Deal

Oil prices manage a moderate recovery in today's trading session, climbing back from two consecutive sessions of considerable decrease on fears of member nations failing to comply to designated production cuts, in the first month of the supply-cut deal's implementation. The once stable OPEC deal is facing increased pessimism as concerns about true supply cuts … Continue reading Increasing Pessimism Surrounding OPEC Deal

The Fall of the Pound Dampens Elation of Month-Long FTSE 100 Increase

The Fall of the Pound Dampens Elation of Month-Long FTSE 100 Increase

The FTSE 100 index enjoyed a December 2016, and New Year on a month-long trend of significant growth, as the index continues to increase subsequent to the Brexit referendum. From the June 23 referendum on Britain's membership of the E.U. the pound has maintained a general trajectory of significant increase, albeit maintaining a simultaneous notion … Continue reading The Fall of the Pound Dampens Elation of Month-Long FTSE 100 Increase

Oil Continues Fall on Fears of OPEC Deal Failure

Oil Continues Fall on Fears of OPEC Deal Failure

Brent crude, the global oil benchmark slid by 1.29% at 13:30 EST on sustained fears of a potential collapse of the OPEC oil deal signed last November. The deal in which, via the incorporation of non-OPEC members, primarily Russia, and constituent nations of the cartel, most notably Saudi Arabia - the largest oil producer ¬†of … Continue reading Oil Continues Fall on Fears of OPEC Deal Failure

Oil Makes Moderate Recovery After Sharp Fall on Global Production Concerns

Oil Makes Moderate Recovery After Sharp Fall on Global Production Concerns

The price of WTI and Brent crude oils has made a moderate recovery since bottoming-out during midday trading as analysts question the bullish notion maintained since the OPEC production cut ironed out in the production deal signed last November. Oil nosedived this morning on news Iran and Iraq may not be reducing their oil production … Continue reading Oil Makes Moderate Recovery After Sharp Fall on Global Production Concerns