EURO/USD: Bumping along the bottom at levels last seen in the summer of 2017. Chart/Levels from Analyst, Nicole Elliott – Investors Chronicle

 

Oil market is ‘very unstable’, says Russian energy minister Oil supplies are ‘plentiful’, says Saudi energy minister

Saudi Arabia and OPEC members slashed output at the beginning of this year to prop up the price of crude oil. Now tensions between them and Iran have led to the evacuation this weekend of Exxon Mobile employees from the Qurna 1 oilfield in Iraq, just 20 miles from the Iranian border. All non-essential US embassy staff have been ordered out of Iraq and yesterday a rocket landed near it in Baghdad.

Because last week China’s Huawei was added to the US’s ‘entity’ list (read blacklist), Google has been forced to suspend delivery of software and technical services to the smartphone maker. A spokesperson for Google said: ‘’we are complying with the order and reviewing the implications’’.

Financial Markets and Political Commentary
 

Tags

, , , , , , , ,

Related Posts

About the author

High profile, trusted, veteran Technical Analyst with over 25 years’ banking experience. Key expertise in all areas of Treasury, especially foreign exchange, derivatives, fixed income and commodities. Acknowledged for personal contribution to new developments in the industry. Well regarded by the media for provision of accurate forecasts, succinct copy and entertaining sound bites. Thrives in dealing room environments – excellent interpersonal skills and a strong communicator with extensive business contacts. Looking for suitable and interesting opportunities.