Indian refiners have begun paying for Russian oil via Dubai traders in UAE dirhams
<p>An interesting weekend item from Reuters about oil, but also about circumventing trade payments in the dominant USD – helping Russia to de-dollarise its economy.</p><ul><li>Indian refiners have begun paying for…
Read More »Oil Markets – The Price Cap?
USOil, Daily Oil prices had moved higher over the past week, with both demand and supply considerations adding support. Chinese officials over the weekend moved to ease Covid-testing rules in…
Read More »Forexlive Americas FX news wrap: The
<ul><li><a href="https://www.forexlive.com/news/us-indices-close-higher-led-by-the-dow-30-20221118/">US indices close higher led by the Dow 30</a></li><li><a href="https://www.forexlive.com/technical-analysis/wti-crude-oil-settles-at-8008-worst-week-since-march-2022-20221118/">WTI Crude oil settles at $80.08. Worst week since March 2022.</a></li><li><a href="https://www.forexlive.com/news/bakers-hughes-oil-rig-count-1-to-623-20221118/">Bakers Hughes oil rig count +1 to 623</a></li><li><a href="https://www.forexlive.com/news/european-equity-close-strong-day-to-mark-another-week-of-gains-20221118/">European…
Read More »Crude is dripping lower
WTI has lost ground towards $105.50 (its not hit there yet). Brent is lower alongside. There is not a lot of fresh news flow crossing for oil. Posted earlier: Oil…
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