News
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Russia's largest oil producer criticizes OPEC+ cut policy – Commerzbank
The head of Russia's largest oil company says that the production cuts by OPEC+ in 2016 and 2020 have strengthened the US shale oil industry and enabled the US to become a leading oil exporter, Commerzbank’s commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Dec 6
Crude Oil flirts with weekly loss as OPEC+ decision fails to provide support
Crude Oil dips below $68.00 on Friday as selling pressure persists once OPEC+ has officially confirmed it will only delay its output normalization schedule by three months. That was the consensus view of markets, and investors took it as far too little inFxstreet
Fri, Dec 6
Gold price ticks higher ahead of US Nonfarm Payrolls report
Gold price (XAU/USD) recovers intraday losses and edges higher to around$2,640 in European trading hours on Friday ahead of the United States (US) Nonfarm Payrolls (NFP) data for November, a key release to get more cues about which direction US interest rates could be heading to.Fxstreet
Fri, Dec 6
WTI struggles near weekly low, below $68.00 mark as traders await US NFP report
West Texas Intermediate (WTI) US Crude Oil prices remain under some selling pressure for the third consecutive day on Friday and trade near the lower end of the weekly range, around the $67.80 region during the Asian session.Fxstreet
Fri, Dec 6
