Oil drops on surprise U.S. stock build
Brent crude futures fell 71 cents, or 1.4%, to $49.37 a barrel at 0646 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 67 cents, or 1.4%, to $46.35 a barrel. Both contracts fell nearly 2% on Tuesday, already a second straight session of declines.
Gold Price Reach $1911
Based on the optimism that the House and Senate had reached an agreement in regards to the revised bipartisan fiscal stimulus bill on Sunday, gold futures traded to an intraday high of $1912 overseas last night in London.
International railway to launch in 2021
The Islamabad-Tehran-Istanbul (ITI) freight train is expected to resume operations in early 2021 to boost Pakistan’s trade with Turkey and Iran.
Natural Gas Price Showing Signs of Life
Natural gas prices rebounded on Friday after traders took another look at Thursday’s Energy Information Administration (EIA) storage report.
Trader Reaction to $49.07 Will Determine Strength of Rally of Crude Oil
The main trend is up according to the daily swing chart. The uptrend was reaffirmed on Friday when buyers took out the March 3, 2020 top at $49.07.
Gold Price will rally to new record highs
Next year will lay out a path for a new normal as COVID-19 vaccines are distributed and the economic recovery gets underway.
China continuing to outpace the U.S. economy
China’s economic growth out of the pandemic is leading the world.
Iran, Russia trade volume increases
Referring to the increasing volume of trade between Iran and Russia, a member of the Iran-Russia Chamber of Commerce said that the best way to counter US sanctions is to strengthen economic ties with the Eurasian Union.
Oil Jumps to Highest Since February
Oil Jumps to Highest Since February Amid Stimulus Optimism.
Sanction advocates must leave illusion of beating Iran
President Hassan Rouhani once again hailed people’s resistance against the US’ economic terrorism, saying that those seeking sanctions should leave the delusion of bringing the Iranian nation on their knees by such means.