Oil price keeps falling as the influence of Chinese spark on the wane!

The price of crude oil continues to fall as the increased demand from China did not buckle the trend, something that was anticipated by a large number of analysts. Falling banking stocks in Europe over the state of Credit Suisse dealt a further blow to the beleaguered markets this week. In addition,…

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Banking crisis weighs heavily on the crude oil markets

The significant fall of crude oil price on Wednesday that was attributed to the troubles in the banking sector, slightly eased on Thursday, as the Swiss Central Bank came forward to throw a financial lifeline to Credit Suisse bank for its survival. Credit Suisse, the second largest Swiss bank, is a …

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Oil prices show no sign of irreversible recovery, defying model based predictions

The price of crude oil remains in the volatile territory, despite the encouraging news on the Chinese factory activities, indicated by its long-waited Manufacturing Managers' Purchasing Index, known as the PMI; it has gone up by 2.6% in February, relative to what it was in January, 2023. Investo…

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China's heightened industrial activities temporarily lift the mood in crude oil markets

China's manufacturing activity in February, judging by its latest data on manufacturing purchasing managers' index, the PMI, has beaten forecast and recorded an impressive record - 52.6%. It is the most reliable gauge of manufacturing activity in China and an index above and below 50% indica…

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