Commodities

Commodities

Commodity Markets

Oil

Oil edges up, but still set for worst first half performance in 20 years

Oil edged up on Friday, recovering some of the steep falls earlier in the week, but crude is still set for the worst first-half decline in two decades despite ongoing production...
Silver

Will Silver be Impacted by Rising Fed Hawkishness?

Silver has continued to see concerted selling pressure as price action remains trapped within the confines of a sideways channel. Subsequently, the past few days has seen price action trending strongly towards...
Oil

What’s Really Going On in Crude Oil Markets?

The price of Crude Oil (WTI) has continued to crumple overnight as the benchmark declined around 2.03% and is now trading around the $42.53 a barrel mark. However, as much as...
Petrochina Oil

Markets lost faith in OPEC, oil falls deeper into bearish territory

The continuous fall in oil prices has driven risk-off sentiments across all asset classes. U.S. stocks closed mostly lower on Wednesday despite the unexpected rise in home resales. The U.S. Treasury...
Gold

Commodities: The 1st Cut Isn’t The Deepest

Gold lifted by Oil’s collapse as the noise around a deeper OPEC cut intensifies. Oil’s suffering continued overnight with both Brent and WTI finishing over 2 percent lower in the New York...
Oil

WTI Crude Stumbles into Bear Market

Oil’s ongoing oversupply woes reached an ear-piercing crescendo during Tuesday’s trading session as WTI Crude plunged into a bear market after growing signs of rising production across the globe. WTI Crude was...
Crude Oil

Oil Tanks As Price Slick Spreads

Oil gushed lower again overnight with both Brent and WTI taking out their early May panic liquidation lows and falling around 2 percent in the session. This was despite OPEC/Non-OPEC’s compliance being...
Gold

Russia Warning Ignored By Commodities Markets

Russia has warned that U.S. Warplanes over Syria will be considered hostile and is completely ignored by the precious metal and energy markets, which could be bad news for both. Crude Oil Brent...
Oil

Oil market fundamentals heading in right direction – Saudi’s Falih

Saudi Energy Minister Khalid al-Falih said the oil market is heading in the right direction but still needs time to rebalance, the London-based newspaper Asharq al-Awsat reported on Monday. "In my opinion,...
Brent Oil

Silver Gold And Oil Limp Into Friday

Gold, Silver and Crude are battered and bruised as the week ends with a stronger U.S. Dollar twisting the knife. Crude oil limps into the last day of the week with both...
Oil

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices hovered near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over OPEC's ability to implement production cuts. Brent crude futures were at...

False Breakout Could Be About to Send Gold Reeling

The past six months have proved relatively positive for gold as the metal has continued to make headway over a cooling U.S. Domestic economy. However, the past few days have proved...
Oil

Oil prices fall on OPEC output increase, rising U.S. crude stocks

Oil prices fell on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back on output. Brent crude...
Oil

Oil and Gold’s Paths Converge In New York Tonight

Oil and Gold both await different data highlights in tonight’s New York session. CRUDE Crude yet again attempted to pick itself up off the floor overnight only to run into a wall yet...
Oil

Oil edges down as OPEC sees market rebalancing at slower pace

Oil prices edged down on Tuesday after OPEC reported an increase in its production for May despite a supply cut agreement and said the oil market was rebalancing more slowly than...
Oil

Oil prices driven up by futures bets, but market remains bloated

Oil prices rose early on Monday as futures traders bet the market may have bottomed after a recent steep fall, even as physical markets remain bloated by oversupply, especially from a...
Oil

Oil prices resume slide as supply glut prevails

Oil prices resumed a downtrend on Friday following steep falls earlier in the week, pressured by widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market. Brent...
Oil

Oil rises off one-month lows struck after surprise stock build

rude futures edged up in early Asian trading on Thursday following heavy losses in the previous session after official data showed that U.S. inventories rose for the first time in 10...
Oil

Oil dips on concerns about rising U.S. output, OPEC tensions

Oil prices dipped on Wednesday on renewed concerns about the efficacy of OPEC-led production cuts due to rising tensions within the export group over Qatar and growing U.S. output. Brent crude prices...
Gold

Gold Reaches a Key Reversal Zone

Gold has proved relatively triumphant over the past few weeks as the precious metal has continued to trade within the relatively safety of a rising channel. However, the metal’s price action...
Brent Oil

Slumpflation and Uncertainty Push Oil and Gold Higher

Trumpflation becomes Slumpflation as political uncertainty sees oil come to its senses and follow gold higher. CRUDE OIL Crude oil prices rose overnight with Brent and WTI finishing some 70 cents higher, offsetting...
Oil Prices Rise

Oil slips on worries Mideast rift could undermine OPEC cuts

Oil prices fell further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several Arab states including Saudi Arabia could undermine efforts by OPEC to...
WTI OIL

Oil Prices Poised for Further Losses

Oil prices could be in trouble moving forward as they seem to have shrugged off both renewed commitments from OPEC and a 6.43M barrel draw in US inventories. This could be,...
Oil

Oil Jumps As Arab Countries Sever Ties With Qatar

Oil jumps 1.5% as Egypt, Saudi Arabia, Bahrain and the United Arab Emirates effectively create a land and air blockade of Qatar. All four countries are severing diplomatic ties and air, land...
Oil

Oil Prices Poised for Further Losses

Oil prices could be in trouble moving forward as they seem to have shrugged off both renewed commitments from OPEC and a 6.43M barrel draw in US inventories. This could be,...
Crude Oil

APAC Commodities: Every Rose Has It’s Thorn

A confusing night for commodities as gold trades sideways but oil falls despite a very bullish Crude Inventory Report. Oil traders were left scratching their heads in confusion overnight as the U.S...
Oil

Oil futures rise on U.S. stockpile draw, doubts over climate accord

Oil futures rose on Thursday from a three-week low touched the previous session, buoyed by expectations the United States could pull out of a global climate accord and by a report...

APAC Commodities: Oil Refuses To Boil As Gold Melts Away

Overnight data fails to spark oil as Gold is starting to possibly look overextended in the short term. Gold Gold’s listless trading continued overnight with a more bearish tone in early Asia trading...
Oil

Oil slips on oversupply worries despite OPEC deal

Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut that has depressed the market for...
Petrochina Oil

Oil edges up but remains on back foot after output cut extension disappoints

Oil prices edged up on Friday but markets remained on the back foot after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting...

POPULAR

Hawkish RBA hampered by financial stability concerns, AUD/NZD, AUD/USD

Australia
The RBA remained positive on their economic outlook yet have heightened concerns over financial stability, making a...

UK Loses First Round In Brexit Negotiations

London Brexit
Brexit Negotiations: Day 1 Recap It was said that Brexit negotiations were not about “punishment” or “revenge”, but...

Brexit Negotiations Begin! Could the Timing be Any Worse?

UK
Welcome to day one of 730 Brexit negotiations begin after nearly a whole year of speculation and build...

JP trade slips to a deficit, GBPJPY, USDJPY

US Dollar Japanese Yen
Increased imports from China and Australia tipped Japan's trade into surplus in May. GBPJPY and USDJPY remain...

Rising Kiwi likely co concern RBNZ next week, AUD/NZD, NZD/USD

Reserve Bank of New Zealand
We think the recently removed reference to the exchange rate could make a return in next week's...
Get the latest news delivered straight to your inbox