Crude under pressure.
This Wednesday, oil futures were hit lower after statements from the White House. The Organization of the Petroleum Exporting Countries and its allies were at the center of the discussion. Jake Sullivan, the US national security adviser, said in a statement that the Biden administration was “interacting with relevant members of OPEC + about the […]
Oil prepares for major annual correction
In the last hours, oil suffered very strong falls in its price after reaching all-time highs. After the crisis of the year 2020 on consumption and the serious losses generated in this commodity, prices managed to reposition themselves to even levels prior to the pandemic. Consumption has recovered steadily and continuously after vaccination campaigns and […]
Discouraging production and sales in China, pressure on markets.
The retail sales in China have been published in the last hours, leaving secondary effects on the prices of commodities and crude oil for the opening of this Monday. The economic data turned out to be more disappointing than expected. The National Statistics Office reported that production slowed its growth in April, and Chinese retail […]