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A list of the top 5 oil companies by market cap as of June 2022.
Markets seem to be in a good mood today and XAU/USD trades with slight positive undertone, but lacks firm direction
OPEC and allies brought forward their oil production rises and USOil trades with caution today as market turn to the US jobs report
UKOil supported into US session.
XAU/USD comes from two straight profitable weeks, but this was not enough to prevent another losing month, while the new one starts with caution
Oil prices went up after European leaders reached a compromise, to sanction most of oil imports from Russia
Oil prices get a boost from the demand and potentially the supply side, if the EU can ratify an embargo on Russian oil.
Oil prices are moving again, with both USOil and UKOil charting a higher trough followed by a higher peak on their respective weekly charts. I.e. the longer-term has reaffirmed its uptrend.
Gold has broken down out of a pattern, suggesting a lower price ahead.
The commodity is in a consolidation pattern this week, but finds support as US EIA stockpiles shrunk and the CEO of oil giant Aramco warned of low spare capacity
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