OPEC+ Drama Helps Gasoline to 1st Week Above $2 Since 2019

© Reuters. By Barani Krishnan Investing.com –  US gasoline futures finished their first week above $ 2 per gallon since 2019, while global crude benchmark Brent neared $ 70 a barrel, after producer alliance OPEC+ largely withheld a production hike for next month, defying market expectations. New York-traded settled at $ 2.065 per gallon on […]

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Oil Ends up 7th Week, Longest Winning Streak Since April 2019

© Reuters. By Barani Krishnan Investing.com – Oil prices were up for a seventh straight week, the longest winning streak in 20 months, as bets for economic recovery in 2021 were turbocharged by expectations that a new Covid-19 fiscal relief worth almost $ 1 trillion will pass Congress soon. Printing more money at the expense […]

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NZDUSD trades to highest level since April 2019, but backs off

The 0.6780-0.6790 ceiling area was broken but only barely. The NZDUSD traded to its highest level since April 3, 2019, getting above a ceiling area between 0.67803 and 0.6790. That’s the good news for the buyers. The not so good news is that the price can only extend to 0.67969 before rotating back to the […]

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