WTI oil held steady at $76 per barrel, after the U.S. Energy Information Administration reported an inventory build of 19 million barrels for the first week of the new year. At 439.6 million barrels, inventories of crude have turned about 1 percent above the average for this time of the year. The report follows a moderate build of 1.7 million barrels for the last week of 2022, as reported by the EIA, and another, even smaller build of 700,000 barrels for the week before that. A day before the EIA’s report came out, the American Petroleum…
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Oil Prices Drop Ahead Of Fed Announcement
After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...
European Spring? Germany Braces For Major Strikes While France Burns
European Spring? Germany Braces For Major Strikes While France Burns
The "winter of discontent" that has been sweeping across Europe has now escalated into a "spring of discontent," with strikes and protests set to spread from France, Gree...
Robust EV Demand Sends Argentina’s Mining Exports To A 10-Year High
Exports of mined commodities from Argentina hit the highest in 10 years in 2022 driven by demand for EV battery metals, notably lithium. Argentina made $3.86 billion from mined commodity exports last year, Reuters reported, citing government data, with...
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Oil Prices Drop Ahead Of Fed Announcement
After reversing last week’s rout and rising for two consecutive days earlier this week, oil prices were down on Wednesday morning in Asian trade ahead of a Fed update on interest rates and other monetary policy measures. At the time of writing, Brent c...
European Spring? Germany Braces For Major Strikes While France Burns
European Spring? Germany Braces For Major Strikes While France Burns
The "winter of discontent" that has been sweeping across Europe has now escalated into a "spring of discontent," with strikes and protests set to spread from France, Gree...
Robust EV Demand Sends Argentina’s Mining Exports To A 10-Year High
Exports of mined commodities from Argentina hit the highest in 10 years in 2022 driven by demand for EV battery metals, notably lithium. Argentina made $3.86 billion from mined commodity exports last year, Reuters reported, citing government data, with...
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