Crude oil prices have recovered from their earlier lows but were still in the red at the time of this writing, as investors awaited the conclusion of the OPEC meeting in Vienna. According to media ...
by Pinchas Cohen Yesterday, the Russian energy minister put forward the possibility of including an additional extension of three months on top of the already extended oil production freeze deal's ...
Buy the rumour, sell the fact – oil hit on cut extension comments GBP tumbles on weakest quarterly UK growth in more than four years US jobless claims and Fed speeches still to come. US ...
The intersection of the black rising channel's bottom band and the bottom band of the orange bull flag was at 1215 where gold found a medium term bottom. The breakout from the orange bull flag was ...
Although slightly weaker today, oil prices have been drifting higher over the past two and a half weeks as we had predicted in our previous report on the subject. Speculation has been rife that the ...
In anticipation of Thursday’s semiannual OPEC meeting, the following provides a breakdown (by country) of some of the key issues for both OPEC and participating non-OPEC players. The key issues ...
The price of gold fell yesterday as risk sentiment improved following sharp falls in the equity markets the day before. The dollar bounced back thanks to better-than-expected readings in the Philly ...
The oil market received a fairly significant bump this week when Saudi Arabia and Russia announced that they both support extending the current OPEC and non-OPEC production cuts for an additional nine...
The price of oil has surged higher at the start of the new trading week. This has helped to lift energy stocks and also underpin commodity currencies such as the Canadian dollar. Brent oil has made a ...
The concerns of watching depleting inflation pressure in US could dampen the interest rate outlook, after Apr US CPI has shown by the end of last week rising yearly by only 2.2%, while the median ...
US markets had a rather subdued week, with retail woe on the one hand being offset by a fairly buoyant technology sector. There is also some concern that the weak retail data may well be signalling ...
The dollar buying witnessed at the start of the week was driven by rising expectations about a June rate hike following last week’s FOMC statement and a solid US monthly jobs report. But the ...
Commodity prices are firmer today with base and especially precious metals ending a bad run off losses, while crude oil has extended its gains from the day before when it rallied sharply on the back ...
by Chaim Siegel of Elazar Advisors, LLC Gold has a problem. Inflation has been dropping while interest rates are rising. It’s a double-whammy of bad for gold. Gold needs a good CPI number on ...
Equity rally stalling at record highs again USD pares gains but rebounds again early in European session EIA inventory numbers key after oil decline as API reports large decline Small losses in ...
When oil futures dropped 5% last Thursday, analysts were quick to blame OPEC for production cuts that have, over the past four months, failed to resolve the oil glut. But the real culprits are as ...
Market participants in crude oil are continuing to shrug off persistent jawboning from oil ministers of some OPEC countries, most notably Saudi Arabia, about extending the production cuts into the ...
