Downward move in the oil market shows no signs of stopping. Decline in demand caused by the coronavirus outbreak is accompanied by rising supply in Russia and Saudi Arabia creating a very poor mix for the prices. WTI trades over 6% lower today and nears the $25 mark, a level not seen since the turn of 2001 and 2002.
WTI broke below the low from early-2016 today and trades at the lowest level since the turn of 2001 and 2002. Source: xStation5
Today’s macro calendar is relatively light. Noteworthy publications include the Ivey PMI from Canada and the interest rate decision in Romania. For...
06:43Indices across the Asia-Pacific region are gaining during the second session of the week, with increases ranging from 0.30% to 0.90%. Trump...
U.S. indices are losing ground in the first session of the week, following the extended Independence Day weekend. Despite the extension of...
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