LATEST

    Vinco Ventures needs to get its act together as TikTok ban looms

    January 28, 2023

    BBBY’s latest 10Q has hidden text – Easter Egg or mistake?

    January 27, 2023

    Ross Miller is officially the new (sole) CEO of Vinco Ventures (BBIG)

    September 30, 2022

    If I buy BBIG stock now, will I get TYDE dividend?

    June 28, 2022

    GameStop posts Q1 FY22 results; beats revenue estimates

    June 1, 2022
    Legal
    Privacy Policy
    Cookie Policy
    Terms and Conditions
    Twitter Facebook Instagram YouTube LinkedIn
    Facebook Twitter Instagram YouTube LinkedIn
    Rising CandleRising Candle
    • Home
    • Market News

      Vinco Ventures needs to get its act together as TikTok ban looms

      January 28, 2023

      BBBY’s latest 10Q has hidden text – Easter Egg or mistake?

      January 27, 2023

      Vinco Ventures stock sinks after it delays Cryptyde spinoff

      May 25, 2022

      Enochian Biosciences (ENOB) stock crashes 40%

      May 25, 2022

      Sea Ltd (SE) stock gains over 10% on strong earnings

      May 17, 2022
    • Earnings
    • Business

      Ross Miller is officially the new (sole) CEO of Vinco Ventures (BBIG)

      September 30, 2022

      If I buy BBIG stock now, will I get TYDE dividend?

      June 28, 2022

      Wendy’s shares surge as potential takeover deal mulls

      May 25, 2022

      Snapchat (SNAP) crashes 30% after CEO warns missing EPS and revenue estimates

      May 24, 2022

      SIGA technologies (SIGA) stock gains as monkeypox cases rise

      May 23, 2022
    • Cryptocurrency
    • Forex
    Rising CandleRising Candle
    Home » Crude oil prices drop due to fears of China’s slowing economic growth
    Forex

    Crude oil prices drop due to fears of China’s slowing economic growth

    Kritika MehtaBy Kritika MehtaMay 2, 2022Updated:May 2, 2022No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    On Monday, crude oil prices dipped as fears about China’s slowing economic growth, the world’s leading oil consumer, outweighed expectations that supply would be hampered by a prospective European Union ban on Russian petroleum.

    At the time of writing, Brent crude prices were down by 2.5% to $104.44 a barrel, dropping by $2.70 in value. Meanwhile, West Texas Intermediate (WTI) oil futures were down 3% and traded at $101.52 a barrel, losing $3.17 in value. Moreover, markets in the United Kingdom, Japan, Southeast Asia, and India remained suspended due to official holidays.

    Due to COVID lockdowns, industrial production in China fell for the second consecutive month, reaching its lowest level since February 2020, according to statistics provided on Saturday.

    Analyst’s Statement

    “A slowing to that extent, when China is already suffering from a property bust and worries about its (until recently) increased regulation, is potentially a major issue for commodity markets and the world economy.”

    said Tobin Gorey, a Commonwealth Bank commodities analyst.
    Ruble pay

    Earlier, on April 27, 2022, four European gas purchasers already had settled for gas supply payments in rubles as Russia wanted, and more cut-offs if any country opposes the Kremlin’s demand are unlikely till the later half of May. The other next transactions are due by then.

    However, numerous countries had stated that they will defy Moscow’s requests of paying in rubles for oil and gas supply. Russia and a number of its companies had been sanctioned as a result of the invasion. Western sanctions had harmed Russia’s economy, however the EU had refrained from imposing restrictions on energy imports.

    The oil prices dipped then as well. Brent futures were down by 1.19% and were priced at $103.7 today. Moreover, the WTI futures dropped by 1.43% and was a little above the $100 mark. However, today’s figures are still better than these previously reported figures.

    crude oil price Ruble
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Kritika Mehta

    Related Posts

    Four EU countries agree to pay Rubles (RUB) for Russian gas supply

    April 27, 2022

    Biden plans to release 1 million barrels of oil a day, oil prices dip

    March 31, 2022

    Opec+ sticks to its gradual oil production increase

    March 31, 2022

    Rouble (RUB) gains extend amid a ‘green’ day for stocks and other commodities

    March 30, 2022
    Add A Comment

    Comments are closed.

    Trending

    If I buy BBIG stock now, will I get TYDE dividend?

    June 28, 2022

    GameStop posts Q1 FY22 results; beats revenue estimates

    June 1, 2022

    Snowflake reports Q1 results; Stock plunges due to narrow outlook

    May 26, 2022

    Wendy’s shares surge as potential takeover deal mulls

    May 25, 2022

    Snapchat (SNAP) crashes 30% after CEO warns missing EPS and revenue estimates

    May 24, 2022

    Subscribe to Updates

    Get the latest Business and Finance news only at Investor's pulse

    Advertisement
    Editor's Picks

    AMC named ‘100 Most Influential Companies of 2022’ by Time Magazine

    March 31, 2022

    BuzzFeed released first earnings report after going public; revenue grew 24% YOY

    March 22, 2022

    U.S. jobless claims dip to a 2.5-month low

    March 17, 2022

    FOMC: Recent updates you need to know!

    March 17, 2022

    Your source for the latest US stock market and business news.

    Connect with us:

    Facebook Twitter Instagram YouTube LinkedIn Reddit

    Subscribe to Updates

    Subscribe to get weekly updates on what happened on the Stock Market and insights into where to invest.

    Legal
    Privacy Policy
    Cookie Policy
    Terms and Conditions
    © 2023 Investor's Pulse. All Rights Reserved.
    • Home

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT
    Go to mobile version