This morning in metals news, oil and gold prices opened slightly lower despite the missile attacks on Syria that took place early Saturday morning local time. NAFTA renegotiation talks speed up in face of Mexico’s upcoming presidential election. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Oil, Gold Traded Lower Following […]
Tag: Oil
Trump Looks to Open Up Continental Shelf to Oil Exploration
President Trump is not unused to controversy — some say he even courts it. Benchmark Your Current Metal Price by Grade, Shape and Alloy: See How it Stacks Up So, a recent proposal following an executive order signed last April to widen energy exploration should come as no surprise. The draft Five-year Outer Continental Shelf […]
The Markets Have Bought in to the OPEC-led Output Cuts
After hitting a low of below $43/barrel in mid-2017, the oil price has risen inexorably to its highest level since 2015, according to the Financial Times. Rising some 35% since July, Brent crude hit over $67/barrel as hedge funds heap long positions despite the market, by most accounts, still being in surplus. Benchmark Your Current […]
