US Dollar Index (DXY) Posts Best Day Since July Amid Iran Conflict
The US dollar strengthened to kick off the trading week as investors rushed to safety following the strikes on Iran. The greenback is now on…
Posts Tagged: Middle East
Ripple Expands to Middle East with Bahrain Fintech Bay Partnership
Ripple Labs, a popular blockchain platform, has announced its new partnership with Bahrain Fintech Bay, a crypto fintech network. The partnership is aimed at expediting…
Crude Oil Futures Soar on US Storage Withdrawal, Middle East Tensions
Crude oil futures soared in the middle of the trading week, rallying as much as 5% on lower US storage levels and escalation in Middle…
WTI Crude Oil Price Analysis for October 2, 2024
WTI crude oil popped sharply higher in the past trading sessions, coming close to forming a double bottom pattern on its 4-hour chart. Price is closing in on the neckline around $72 per barrel and a break higher could confirm a reversal.
Natural Gas (NATGAS/USD) Price Technical Analysis for October 2, 2024
Natural gas is still on the rise, closing in on the symmetrical triangle resistance visible on the daily time frame. Price could hit a ceiling at the $2.700 mark, but a break higher could set off a longer-term rally.
Oil Prices Soar on Libya Halting Production, Renewed Middle East Tensions
Crude oil futures rallied to kick off the trading week as the US and global benchmarks firmed above $77 and $80 a barrel, respectively. Oil…
Oil Prices Extend Slide Despite Bullish US Storage Drawdown
Crude oil futures added to their losses in the middle of the trading week, despite a larger-than-expected decline in US inventories. Oil prices have been…
US Crude Oil Touches $80 Again Amid Growing Middle East Tensions
US crude oil futures returned to $80 to start the trading week as geopolitical tensions fueled the substantial rally. Traders are concerned that military actions…