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© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary By Florence Tan SINGAPORE (Reuters) - Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude (LCOc1) dipped 8 cents,

Trading Catalyst• Demand for crude oil is expected to improve over the foreseeable future, backed by the positive streak of China’s economic data that suggest the world’s biggest oil consumer may ramp up their purchases.• Iraq’s move to pledge their support by cutting additional 40,000 barrels/day m

The Canadian dollar moved sideways after the latest interest rate decision by the Bank of Canada. The bank decided to hike interest rates by 0.50%. Pushing the overnight rate to 1.50%. In addition, Tiff Macklem warned that more rate hikes were necessary to curb the soaring inflation. This was more h

Two core indicators measure the quality of crude oil. One is API specific gravity, which measures the relationship between the density of oil and the density of pure water. The higher the specific gravity, the lighter the oil. Conversely, when the specific gravity is low, the oil is considered heavy

Eco data weak – but it was expected Lonnie ignites a fire in Technology – sending Nasdaq up 2%. JPM warns of massive losses out of the Russian crisis – Who is next? Oil – rallies 4% and is higher again today Try the Chicken Scampi Factory orders were weak – coming in at -0.5%, durable goods also wea

New York (CNN Business)When a trade jumps by 250% over the course of days, investors typically pop bottles of champagne. Between Friday, March 4 and Tuesday March 8, nickel futures did just that — soaring on the London Metals Exchange from about $29,000 to $100,000 per ton. But the champagne remains

Tech gets clobbered, FB under pressure – Frances to appear on Capitol Hill. All the indexes teetering on trendline supports – the pressure is on – Will the ‘BTD’s (Buy the Dippers) save the day? Oil surges as OPEC+ says ‘No dice’ Production is what it is – We have taken back control of global supply

Rising rates send shivers thru financial markets yesterday. Tech gets clobbered – creating new opportunities in some ‘blue chip’ tech names. Oil continues to surge on worries over supply chain issues as well as rising demand. Renewables are great, but the need for fossil fuels isn’t going away anyti