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Oil Price Steady Around $50 as Majority of OPEC Gains Hold with Rise to $60 in Prospect

Dec 01 2016 @ 06:19
Oil prices surged by over 8% yesterday following the announcement that OPEC had agreed a landmark deal to cut oil production by 1.2 million barrels, spread between the member countries. Russia has also agreed to a cut in solidarity and it is hoped that with other non-OPEC oil exporters such as Azerbaijan, an addition 600,000 […]

Asian Equities Rise on OPEC Deal with Nikkei 225, ASX 200, Hang Seng and STI All Up on Thursday

Dec 01 2016 @ 04:10
The major indices across Asia were up on Thursday as news that the OPEC summit held in Vienna on Wednesday had resulted in an agreement to reduce combined output by 1.2 million barrels a day. Earlier in the week hope that a deal could be reached had been fading, with the likelihood of it happening […]

DAX 30 Up as European Equities Run on Oil

Nov 30 2016 @ 10:11
Surging oil prices and positive economic releases coming out of Germany have helped keep the DAX in positive territory today despite some volatility as the sentiment towards the result of today‚Äôs OPEC meeting keeps markets mildly schizophrenic. The DAX 30 is currently showing a gain of 0.36% for Wednesday. German retail sales figures for October […]
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