- From dailyforex.com|46 min ago
As the monetary policy tightens, it will drive down economic activity, thereby driving down the need for crude oil. This has been what’s been priced into the market for a while now, but it is worth noting that somewhere near the $72.50 level there seems to be a hell of a lot of buying, or at least a lot of support. If we were to break down below the $72.50 ...
- From oilprice.com|54 min ago
Turkey’s energy infrastructure has suffered severe damage from the two earthquakes that shook Turkey and neighbor Syria yesterday, killing more than 3,000 people, according to the country’s government. The first 7.7-magnitude quake damaged a big port on the Mediterranean, Turkey’s Energy and Natural Resources Minister Fatih Donmez said, as quoted by news ...