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Did you know?
The U.S. has over 200,000 miles of oil pipelines within its borders.
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The latest news:
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Will Biden be able to stop the oil boom?
Posted by Admin on Sunday, 24 March 2024
Russia's problems are the main factor driving oil prices higher. The many attacks on key oil infrastructure are affecting the exports of the Russian Federation. Despite the sanctions, Russia remains the world's main exporter of oil, either directly or through intermediary countries.
On the other hand, the upcoming elections in the United States are the reason why oil did not jump too much on the stock market.
The price of oil in the United States affects all commodities, and the price of fuel is one of the key factors in winning the upcoming election.
Therefore, Biden and his administration will do everything possible to keep oil prices stable until at least November of this year.
Any spikes in the price of oil will be short-lived, as a deviation above $90 will negatively affect the campaign for the most important election in the United States.
The bad news for Biden, however, is that the levers to control the price of oil are now outside the United States, even outside its allies. And this could lead to an easy jump in the price of oil to $90 and above $90 levels in the next few months according to world-signals.com analysis.
« More News Record price jump in gold today
Posted by Admin on Monday, 04 March 2024
In the last week, the inflation data influenced the significant growth of gold.
Along with gold, investors are turning their attention to cryptocurrencies and especially Bitcoin.
The last record in the price of gold is from December 4, 2023. Gold was then trading at $2,144.55. Gold added over $70 to its price today, making it the highest it has been this year. Gold is currently trading at $2,117 levels, having almost touched $2,120 and is very likely, as we claim from world-signals.com, to approach or surpass the December 2023 record high.
« More News EURUSD forecast and analysis of the coming week (week 9)
Posted by Admin on Saturday, 24 February 2024
EURUSD remains consolidated around the 1.08 levels for the last few days. With a slight break on Thursday, where the Euro-Dollar traded as high as 1.0880 for a short period of time. The strength of the Dollar is still dominant against the Euro, and the economic data is also in favor of the United States.
Although this coming week we have a new month on Friday there will be no unemployment data in the United States.
But instead we have US Gross Domestic Product on Wednesday, Core Personal Consumption Expenditures on Thursday, and German inflation and retail sales data rounding out the week's highlights.
World-Signals.com's expectation for this week is for a smooth decline in the Dollar until the middle of the week, when levels above 1.09 are likely, after which a correction downwards again to 1.08 is possible.
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