News, Rumors and Opinions Saturday AM 11-26-2022
KTFA:
Samson: Oil prices are falling for the third week in a row, and Brent is down 4.6%, to $83.6
26th November, 2022
Oil prices fell 2% in Friday's session, with a decrease in liquidity in the market, at the end of a week marred by concern about Chinese demand and controversy over the West's placing a ceiling on the price of Russian crude
Brent crude futures fell $1.71, or 2%, to settle at $83.63 a barrel, giving up early gains. US West Texas Intermediate crude futures fell $1.66, or 2.1%, to record $76.28 a barrel, according to Reuters
Energy Oil prices The “high” Russian oil ceiling plunges Brent and “American” crude
There was no settlement of WTI contracts on Thursday due to the Thanksgiving holiday in the United States and trading volumes remained low "Because volume is thin after the holiday, we gave up some of the gains here to some extent," said Phil Flynn, analyst at Price Futures Group
Both contracts recorded their third consecutive weekly decline, after reaching their lowest levels in ten months last week. Brent ended the week down 4.6%, while WTI fell 4.7%
On Friday, China, the world's largest oil importer, announced a new record high daily number of "Covid-19" infections, as the country's cities continued to impose travel bans and other restrictions aimed at controlling the outbreak
On the other hand, diplomats from the Group of Seven countries and the European Union are discussing imposing a price ceiling on Russian oil between $65 and $70 a barrel, but no agreement has yet been reached. European diplomats said a meeting of EU government representatives, scheduled for Friday evening to discuss the proposal, had been cancelled LINK
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Samson: Iraqi companies and factories participate in the “Ninth Halal” exhibition in Istanbul
26th November, 2022
Today , Saturday, the Iraqi General Company for Exhibitions and Commercial Services stated that the Iraqi participation in the “Ninth Halal” exhibition, which started in Istanbul, Turkey, and will conclude tomorrow, aims to represent the country in international economic forums, and to introduce the industry and the national product.
The company’s general manager, Zahra Al-Kilani, said in a statement, a copy of which “Al-Naeem News” received, that “the number of participating parties is within the Iraqi wing. It reached (25) companies and factories, all from the local private sector.
She explained, “This exhibition was held on the sidelines of the Eighth World Halal Summit, which was held in cooperation with the Islamic Center for Trade Development (ICDT). and the Institute of Islamic Countries for Standardization and Metrology, affiliated to the Organization of Islamic Cooperation.
Al-Kilani indicated, “The Halal Exhibition. It is considered one of the largest exhibitions that are held in this specialty,” noting that “the aim of holding this event is to provide a suitable environment for the exchange of experiences between participants, researchers and experts. in different parts of the world with regard to the concept of halal. Which includes (halal food and drinks, cosmetics, personal care, tourism, housing, financial and banking services, and fashion). LINK
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Goldilocks:
BRICS countries would account for two-thirds of the world economy, if new members, namely Saudi Arabia, join." Saudi Arabia is definitely a game changer for the world economy.
Saudi Arabia is already utilizing the Chinese Yuan for their oil exchanges. Watch the QFS. © Goldilocks
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Courtesy of Dinar Guru
Pimpy The World Bank basically laid out what it is Iraq needs to do to get their ducks in a row. If they can do that then ...they will see an increase in the value of the Iraqi dinar..
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They say the budget will be in parliament by the end of November or the first part of December. FRANK: The goal is to have it in by the 9th of December. And the banks in the United States of America know that IMO. If we do see an announced government by the 9th then January 1st 2023 has great potential for what we've been waiting for...
Central Bank's Master plan With Gold & Silver - Lynette Zang | Silver Price
Smart Money: 11-25-2022
Canada Has ZERO Gold Reserves - This Is A Big Mistake
Sean Foo: 11-26-2022
Central banks are buying gold, all except the Bank of Canada! Even with inflation sky-high and countries encountering a horrible currency crisis, Canada is still very deep into paper assets such as bonds.
This is why it is a mistake as we move towards a world where currencies are failing and a global monetary reset might be around the corner.
This is why central banks need to hold gold!