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CommodityOilPrice.com

Oil Prices Rebound Sharply After Brutal Midweek Rout

Oil prices surged Thursday, recovering some of Wednesday's staggering losses as traders reconsidered whether the U.S. midterm election results would actually bring a swift end to the Iran war. Brent crude had climbed to $98.01 per barrel by early afternoon, gaining $3.39, or 3.58%, while West Texas Intermediate rose $2.21, or 2.51%, to $90.33. Both benchmarks continued climbing later in the…

ForexForexLive

The market is waiting for signals from Donald Trump

I spoke to Reuters earlier today about the state of markets and my comments boiled down to this: "There are two ​paths Trump can go down - he can double down on unpopular trade ​wars or he can listen to the electorate and change course," said Adam Button, chief currency analyst at investingLive. That's the crossroads we are at right now and I think it shows some of the tension in markets. An…

CommodityOilPrice.com

US and Turkmenistan Explore New Gas Routes Across the Caspian

US and Turkmen diplomats focused on expanding trans-Caspian connectivity and promoting energy export diversification during annual consultations in Ashgabat. Turkmen officials are signaling a strong desire to improve trade ties with both South Asia and the West, while maintaining the country’s long-standing status as a neutral state. Visiting US Assistant Secretary of State for South and Central…

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