Oil Rally Stalls as European Gas Prices Weaken Amid Shifting Market Dynamics
Is it surprising that Brazil, an Agricultural giant, has oil as its largest export commodity? Nearly half is sold to China...
For the first time in history, Crude Oil Product has surpassed Soybean to become the largest export product of Brazil, a major Global Agriculture country; According to data released by the Brazilian Ministry of Trade on Monday, Brazil's Crude Oil Product exports are projected to grow by 5% in 2024, reaching 44.8 billion dollars, which marks the first time that this largest economy in Latin America has seen its Crude Oil Product exports exceed the foreign sales of all other Commodities.
Preparing for "Trump 2.0"? Hedge funds are increasing their Call on oil prices.
Bull positions in Crude Oil have increased by 41% over the past three weeks, with net long positions reaching the highest level since August of last year. For traders more focused on fundamentals, Trump's tough stance on Iran has made them reluctant to short; Trump's potential tariff policies raise inflation concerns, which has also prompted traders to hedge risks by going long on oil.
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Oil Extends Strong Start to 2025 on Signs of Strong Demand for Mideast Crude
