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Today’s Oil Price Drop Is Bigger Than Yesterday’s Negative Values

Today’s Oil Price Drop Is Bigger Than Yesterday’s Negative Values

Today’s oil price fall is much more important than yesterday’s negative values. The headlines on Monday, April 20 were big news, because it seemed counterintuitive that oil prices would turn negative. In truth, it simply meant that storage prices were…

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Russia’s Central Bank Stops Buying Gold As The Low Oil Price Bites

Russia’s Central Bank Stops Buying Gold As The Low Oil Price Bites

Russia’s heavy reliance on oil to balance its budget could lie behind a sudden shift by the country’s central bank from buying locally mined gold to encouraging miners to export what they can. The surprise…

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