The Wall Street Journal reported that oil prices fell on Monday despite gaining earlier in the day on increased tensions in the Middle East. However, worries over robust supplies outweighed those concerns.
As quoted in the publication:
Light, sweet crude for February delivery recently fell 41 cents, or 1.1%, to $36.63 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 20 cents, or 0.5%, to $37.08 a barrel on ICE Futures Europe.
Prices climbed earlier Monday on concerns about increased tensions in the Middle East. Rallies fueled by geopolitical concerns in the past two years have quickly fizzled as traders have bet that robust global production and ample inventories would mute the effect of any production outage. Heightened global unrest and still-high oil output could stoke further volatility in oil prices in the coming weeks.
Ivanhoe Mines (TSX: IVN) has included is 2023 integrated development plan, including a prefeasibility study (PFS) for the Phase 3 and 4 expansions at its Kamoa-Kakula copper complex in the Democratic Republic of Congo. Also included is a preliminary economic a … Read More
Nicola Mining (TSXV: NIM) is completing final preparations to commence gold mill near Merritt, BC, by the end of the first quarter of 2023. Nicola announced on Jan. 9 that it had signed a mining and milling profit share agreement with Osisko Development (TSXV: … Read More
Mining personality and resource speculator Rick Rule harbours little hope that the pace of junior resource sector mergers and acquisitions activity will quicken in the coming 12 months as he believes quality companies are scarce. On Sunday, he told the Vancouv … Read More
Patented Lode Claim
The Boundary Red Mountain Mine - Located in Whatcom County, Washington, USA
Greater than 250,000 oz. 6 Contiguous patented claims in Washington State, USA.
Historic Gold Mine For Sale
Greater than 250,000 oz. 6 Contiguous patented claims in Washington State, USA.
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
