Commodities

Commodities

Commodity Markets

Oil

Oil slips towards $50 on doubts over output-cut extension

Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of...
Oil

Oil Prices Experience Biggest Drop in a Year as Oversupply Fears Escalate

Crude oil has declined sharply this month, as the prospect of a renewed supply glut from U.S. shale threatens the market’s quest for balance. Since reaching 19-month highs on February 23, U.S....
Oil

Oil Looks Set to Stage a Mild Comeback

Oil prices look to have finally found a bottom, potentially even two of them, which could see buying pressure mount in the coming sessions. Additionally, a number of other technical instruments...
Crude Oil

Oil prices slide on bulging U.S. crude inventories

Oil prices slipped back towards three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. A deal between...

Gold Prices Look to Fed Commentary for Direction Cues

Gold prices continued to rise as front-end US Treasury yields declined, touching the lowest level in a month. Not surprisingly, this bolstered the relative appeal of non-interest-bearing assets including the yellow metal....
Gold

Gold Pullback Could Be Temporary

The precious metal is under pressure but not for long as the fundamentals are still supporting the upward bias. SPDR gold trust ETF holding has dropped further yesterday from 834 metric tons...
Crude Oil

Oil prices edge up as drop in U.S. crude stocks eases glut worries

Oil prices edged up on Friday as a drawdown in U.S. crude inventory eased concerns about a global supply glut. Brent crude was up 7 cents, or 0.14 percent, at $51.81 per...
Oil

Oil prices extend gains after drop in U.S. stockpiles

Crude oil prices rose on Thursday to extend gains from the previous session after official government data showed U.S. stockpiles had eased from record highs. Prices surged on Wednesday after a slew...
Silver

Silver’s Post-FOMC Gains Could be Eroded Moving Forward

Silver risks losing its post-FOMC gains in the coming session if it can’t shake off some of its bearish technical bias. Specifically, unlike gold, the metal needs to convincingly push through...
Crude Oil

Oil prices rebound, IEA says OPEC cuts need more time to work

Oil prices climbed from three-month lows on Wednesday, lifted by a surprise drawdown in U.S. inventories and helped by figures from the International Energy Agency (IEA) suggesting OPEC cuts should push...

Gold Prices Could Have a Rough Few Weeks Ahead

Despite a slowing rate of decline, gold could have further downsides on offer moving ahead. Specifically, the shift in the metal’s technical bias should see it back at around the 1180.00...
Oil Prices Rise

Oil touches three-month lows, as U.S. supply swells

Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output. Brent crude was down 7 cents on the day,...
Gold

Gold bears continue to dominate

Gold continues to be right in the cross hairs of the bears in the market, as US economic data continues to show a large amount of hope and as Trumps 1...
Gold

Gold extends losses; All eyes on US jobs report

The dollar remains relatively strong, posting gains against most major counterparts with the exception of the euro which was helped in the aftermath of yesterday’s ECB meeting and subsequent press conference...

Commodities buckle under Greenback pressure

Gold and Oil buckled under the Dollar pressure, with Oil having spent perhaps too long at the highs with record net long exposure. With NDP and FED's meeting over the next...
Oil

Oil Prices Tease at a Slip Below the $50 Handle

A shock 8.21M build in US Crude Oil Inventories sent oil prices reeling during the prior session, resolving the developing rising wedge slightly earlier than anticipated. As a result, from a...
Crude Oil

Crude oil slumps as inventories pile up; dollar climbs on ADP numbers

Crude oil prices plunged over 5% this morning after the US DoE reported that its commercial inventory increased by 8.2 million barrels over the last week, far exceeding the consensus of...
Crude Oil

WTI bulls struggle above $52.50

WTI Crude breached $53 during trading on Tuesday after industry data pointed to a potential ninth straight week of inventory builds which revived some oversupply concerns. Although OPEC members have made an...
Gold

Gold enters into bearish trend; SGX proposes lunch break

US equity indices continued to consolidate last night as the market tried to price in a 96% chance of a rate hike in March. Traders might want to strike the right balance...

Gold Prices Pull Back Toward February Low On Fed Hopes

Crude oil prices remain trapped in the consolidation of 2017 that followed the dramatic rise over the majority of 2016 after falling as low as $26/bbl in February. On Monday, the fundamentals of...
Gold

Is it Time for Gold to Resume its Rally?

Sentiment should be returning to the gold markets this week as the metal looks as though it’s ready to begin tracking higher once more. Specifically, we seem to have reached another turning...
Oil

Oil falls on lower China growth targets, doubts on Russian output curbs

Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing...
Oil

Oil bears take a swipe

Oil has hit the headlines today after the most recent Crude Oil Inventory figures showed a surplus yet again of 1.50M barrels (3.08M exp), but more important expectations have changed in...
Oil

Is Crude Oil Set for a Technical Rebound?

Oil is setting up for a technical reversal in the coming sessions which might come as somewhat of a surprise given the recent plunge in the spot price to $52.52 and...
Gold

Gold Prices Narrowly Avoid Breakdown As Fed Rate Hike Bets Swell

Gold prices rebounded from session lows put in amid the return of the “Trump trade” as the PCE gauge of US inflation – the Fed’s favored price growth measure – undershot expectations. The on-year rate registered at 1.9...
Petrochina Oil

Oil falls for third day as U.S. inventories hit record high

Crude oil fell for a third consecutive session on Thursday as a record build-up in U.S. stockpiles weighed on the market, with producers boosting shale oil production. Crude stockpiles in the United...
Oil

Oil trades higher ahead of EIA inventory data

Oil traded with gains rose on Wednesday ahead of the release of the Energy Information Administration (EIA) US crude inventories report. Earlier, private data showed the country's oil inventories grew in...
Oil

Oil firms on record OPEC output cut compliance

Crude oil edged higher on Tuesday, underpinned by high compliance with OPEC's production cuts even as the market remains anchored by rising U.S. production. The Organization of the Petroleum Exporting Countries (OPEC)...

Is Gold Facing a Reversal Back Towards $1200?

Gold has seen a resurgence over the past few months as the metal has seemingly rallied from the December $1122.75 low as it clawed its way back above the key $1200...
Oil Prices Rise

Oil gains on supply cuts, but rising U.S. output caps gains

Oil prices rose on Monday, with the market set to rise for five of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains. Brent crude...

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Deutsche Bank signs up new London headquarters in show of faith in Brexit Britain

Deutsche Bank
Deutsche Bank has chosen a new office for its London headquarters, signalling a vote of confidence in Britain's...

Oil Prices Experience Biggest Drop in a Year as Oversupply Fears Escalate

Oil
Crude oil has declined sharply this month, as the prospect of a renewed supply glut from U.S....

Global stocks, bonds cheer bumper ECB cash handout

DAX
Euro zone stocks and bonds rallied on Thursday as banks snapped up almost quarter of a trillion...

Mixed sentiment pre-US healthcare vote

Stock Exchange - FTSE 100 Index
The FTSE 100 stocks stand strong against the pound appreciation. The FTSE index held the ground above...

Jobless claims unexpectedly rise; labor market still strong

US Employment
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level...
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