|Day's Range||3.249 - 3.628|
Officials on Tuesday called off the search for five missing workers and declared it "a recovery mission," a day after a fiery explosion at an oil and gas drilling site in eastern Oklahoma. Three men from Oklahoma, one from Texas and one from Colorado were presumed dead, officials said. The U.S. Occupational Safety and Health Administration is investigating the blast, said Andy Hendricks, president and chief executive of drilling contractor Patterson-UTI.
China’s drive to reduce its dependency on coal has hit a roadblock, and due to increased energy demand, its plans may stagnate for years to come
Watch the price action and read the order flow at 26195 all session. Trader reaction to this level will tell us if the buying is getting stronger, of if sellers are starting to take control.
Look for a bullish tone today on a sustained move over 6383.25 and for a bearish tone to develop on a sustained move under this level.
Based on the current price at $3.1355 and the earlier price action, the direction of the copper market the rest of the session will be determined by trader reaction to the 50% level at $3.1325.
Congress ended the U.S government shutdown yesterday and the major Indexes achieved new highs. The Bank of Japan issued no surprises via their monetary policy today.
Cryptocurrencies have stumbled the past day as Bitcoin, Ethereum and others have come under pressure and support levels are being monitored by traders.
ABU DHABI (Reuters) - Abu Dhabi-based National Petroleum Construction Company (NPCC) on Tuesday said it won a $327 contract from India's Oil & Natural Gas Corp Ltd (ONGC.NS) to build offshore infrastructure ...
The sideways price action since the release of the latest U.S. Energy Information Administration’s storage report suggests traders are looking for an average to below average number in this week’s report.
NEW DELHI/MUMBAI (Reuters) - India's oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday. Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.
LONDON (Reuters) - BP's (BP.L) Singapore-based trading unit has signed a deal to buy 1.1 million tonnes of liquefied natural gas (LNG) a year for seven years from Oman LNG, after BP helped push up Omani ...
Few expect the government shutdown to last too long, but if it extends beyond a week, it could start having an effect on the economy especially at first quarter GDP.
The early price action suggests the battle this week will be between bullish investors trading the news events in anticipation of a future drop in supply and those who believe that increased U.S. production and seasonal pressures on demand will drive prices lower.