Foenix Partners

Oil & Fuel update – 31 July

Crude oil prices saw another weekly rise last week despite The Federal Reserve announcing another interest rate hike.

Fuel & Oil Update – 19 June

Despite anticipated weakness in the global economy and the possibility of additional interest rate hikes, oil prices experienced an increase on Friday and recorded a weekly gain.

Fuel & Oil Update – 12 May

By last Friday, Brent had experienced an 8% decline year-to-date. On Wednesday, the benchmark reached a closing price of $72.33, representing the lowest level observed since December 2021.

Fuel & Oil Update – Feb 2023

Last week was quiet on the data front, reflected in the rates, as GBP traded within a tight range. GBP/USD touched 1.2344, the…