Oil prices rise 1% from 5-month lows

Oil prices rose after hitting five-month lows in the previous session, as investors hoped potential talks between the United States and China would ease trade tensions between the world's two largest economies. During Monday's trading, Brent crude futures for December delivery rose 1.25%, or 79 cents, to $63.52 a barrel, as of 8:03 a.m. Mecca time, after falling 3.8% on Friday, hitting its lowest level since May 7. Nymex crude futures for November delivery also rose 1.25%, or 74 cents, to $59.64 a barrel, following a 4.25% loss, hitting its lowest level since May 7. Beijing expanded its restrictions on rare earth exports last week, prompting US President Donald Trump to respond by announcing 100% tariffs on Chinese imports and new restrictions on all critical software exports, effective November 1. OPEC's monthly report is scheduled to be released today, which includes a detailed analysis of the key factors affecting demand and supply trends and the overall balance in oil markets. These developments come ahead of a potential meeting between US President Donald Trump and Chinese President Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation forum in South Korea, according to US Trade Representative Jameson Greer, who indicated that the meeting could take place later this month

2025-10-13

Features of the Forex Market (CFDs)

The forex market stands out from other financial markets as the largest market in the world, where currency, commodity, and indices contracts are traded 24 hours a day, five days a week. While local financial markets are limited to specific business hours and local exchanges, forex is a global, not a local, market that allows trading at any time and from any location

2025-10-10

Natural gas futures fell during the European session

Natural gas futures fell during the European session on Friday. According to the New York Mercantile Exchange, November natural gas futures were trading at USD3.21 per million British thermal units (MMBtu) at the time of writing, down 1.90%. It had previously traded lower at USD3.20 per MMBtu. Natural gas may find support at USD3.203 and resistance at USD3.550

2025-10-10

2025-10-10

Sweden's economy grew by 1.1% in August, boosted by household spending

Sweden's gross domestic product (GDP) expanded by 1.1% in August compared to July, according to data released Friday by the country's Statistics Office. On an annual basis, the Swedish economy grew by 2.4%, adjusted for calendar effects, compared to August 2024. The Statistics Office attributed the monthly economic growth to increased household consumption and higher business production. "The Swedish economy grew in August, driven by stronger household consumption and higher business production," the Statistics Office said in a statement.

2025-10-10

Gold prices rise, heading for gains for the eighth week

Gold futures prices rose, heading for their eighth consecutive weekly gain, amid ongoing geopolitical and economic uncertainty and growing expectations of a US interest rate cut. During Friday's trading, gold futures for December delivery rose 0.4%, or $16.50, to $3,989.10 per ounce. While spot gold fell slightly by 0.1% to trade at $3,973.16 per ounce, silver rose 0.7% to $49.6322 per ounce, after hitting a record high of $51.22 on Thursday. The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell 0.25% to trade at 99.29 as of 8:27 AM Mecca time. Meanwhile, silver futures for December delivery rose 0.55% to $47.42 per ounce, while spot platinum prices fell 1.25% to $1,604.61, and palladium prices fell 2.3% to $1,387.45. After the Federal Reserve resumed its monetary easing cycle in September with a 25 basis point interest rate cut, investors expect similar cuts in October and December, at 95% and 82%, respectively, according to Reuters

2025-10-10