Latest news and articles about oil trading from NEX English
Shell, the British-Dutch oil giant, announced its first-quarter results, revealing a notable increase in its oil trading operations. This comes as the company faces challenges in the Middle East due to ongoing conflicts in Iran.
The head of the enforcement division at the U.S. Commodity Futures Trading Commission (CFTC) announced that the agency is closely monitoring trading activities in the oil futures market due to unusual activities that warrant attention. This announcement comes at a sensitive time marked by notable market fluctuations.
Financial markets experienced a notable surge in oil trading just minutes before President Donald Trump announced a de-escalation with Iran. Following this announcement, oil prices dropped by 10%, raising questions about potential market manipulation.