By JustForex Despite the fact that the Federal Reserve officials reiterated the need to tighten monetary policy to curb inflation, US indices were trading in positive territory on Wednesday… Read More

……Another Cut Expected When Producer Group Meets Next Week Oil prices slumped yesterday evening after rallying earlier in the day, nearly hitting $90 a barrel, as investors… Read More

Energy stocks are set to open lower, following a roughly 1.2% drop in S&P 500 index futures (as of 8:50 a.m. ET) as inflation and rising rates continue to weigh on investor sentiment… Read More

Oil steady after inventory boost Oil prices are treading water following Wednesday’s rally which came on the back of the EIA inventory data. The surprising and substantial drawdown alo… Read More

From Focus Economics: Prices for Australian thermal coal rose over the last month, averaging USD 408.4 per metric ton in July, which was up 3.4% from June’s price and was 180.0% higher… Read More

Summary Nigerian spending on gasoline imports has soaredImports are more than double Nigeria’s needsNNPC says smuggling has distorted suppliesState revenues from oil have falle… Read More

Oil rallies after strong US numbers Oil prices rallied after another round of impressive US economic data boosted optimism for an improving crude demand outlook. The US economy still looks g… Read More