Current Headlines

  • Brent crude went up by $1.43 per barrel to $122.00, a 1.20% rise, on Wednesday as Norwegian oil workers planned to strike over pay, putting some North Sea crude output at risk of shutdown.
  • GBP remained just under $1.26 on Wednesday, staying above the recent 2yr low of $1.21. Trading was still muted however due to a lack of investor confidence in the UK, both economically and politically.
  • Oil Markets rose on Wednesday on news of easing Chinese lockdowns and a possible strike by Norwegian oil workers. Prices went up despite a rise in oil stocks reported by the API as expectations of higher oil demand in China will lead to increased oil imports.

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