# Oil

#Oil

Latest Oil market news, analysis and commentary.



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...
Brent Oil

Oil-linked currencies gain with the commodity’s rise; dollar retreats

As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked currencies, such as the loonie, are gaining ground versus the greenback on the back...
Currencies

White Knights and Nervous Nellies

Falling oil prices continue to temper sentiment in global macro markets and while the Nervous Nellies take solace as oil prices base overnight, don’t get too comfortable as the Oil patch...
Oil Prices Rise

FTSE, CAD under pressure as oil tanks

The FTSE 100 opened downbeat, as the stronger pound and selling pressures in energy (-0.85%) and mining stocks (-1.22%) continued weighing on investors’ mood in London. The WTI crude hit a 10-month...
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...
Crude Oil

Equity markets pressured by sliding oil prices

European and US equity markets underwent another disappointing session yesterday, undermined by continued weakness in oil prices, as well as concerns about sliding inflation expectations hitting banking stocks. This continued slide for...
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

Oil remains close to 7-month lows; dollar little changed

As Asian markets are completing their trading day, the dollar index has eased from yesterday’s one-month high but is still close to that level. In the meantime, WTI and Brent crude...
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...
WTI OIL

Sliding oil prices unnerves markets

Having got off to a good start this week, equity markets managed to give back a good proportion of those gains yesterday as further sharp declines in energy prices undermined the...
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...
US Dollar

Dollar firms on hawkish Fed speakers; sterling in focus ahead of speeches by BoE...

The US dollar was firmer on the back of hawkish comments from Federal Reserve officials. Sterling held onto Monday’s losses as all eyes turn to the mansion House speeches later by...
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...
Australian Dollar

Aussie gains on upbeat jobs report; kiwi drops after GDP; greenback steady post-Fed

The US dollar mostly held onto gains made after the Federal Reserve was not as dovish as some had expected and the aussie was one of the best performing major currencies...
Federal Reserve

Fed hikes rates, despite weak inflation outlook

It was a rather mixed day for stock markets yesterday with the Dow making another new record close, while the Nasdaq and S&P500 slipped back, after the US Federal Reserve raised...
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...
US Dollar

Dollar slightly down ahead of Fed meeting; Kiwi at 3½-month high

The dollar was slightly down as the Asian trading session was coming to a halt. The New Zealand dollar recovered after initially dropping as the country’s current account deficit as a...
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...
Canadian Dollar

CAD soars, GBP rebounds while stocks stabilize at a lower level

Stock markets around the world ‎have been trying to bounce back from Monday's big selloff. The rebounds have been moderate so far, clawing back up to half of recent losses. Most...
Canadian Dollar

Loonie BoC Comments Favors CAD

Tuesday June 13: Five things the markets are talking about Overnight, equities have advanced as the global selloff in technology shares showed signs of easing, while sterling has found some support as...
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...
British Pound

Sterling plunges on political uncertainty after inconclusive UK election result; dollar steady after Comey...

Sterling plunged on political uncertainty after an inconclusive result in the UK general elections that took place on Thursday, with no single party having a clear claim to power. The dollar...
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...
Theresa May

UK Vote the Biggest in Decades

Thursday promises to be a massive day for financial markets with major risk events taking place in the UK, eurozone and US that could create substantial volatility throughout the day. UK Heads...

LATEST

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

Oil
Oil edged up on Friday, recovering some of the steep falls earlier in the week, but crude...

Oil-linked currencies gain with the commodity’s rise; dollar retreats

Brent Oil
As the Asian trading session is coming to a close, the dollar is modestly down while commodity-linked...

Will Silver be Impacted by Rising Fed Hawkishness?

Silver
Silver has continued to see concerted selling pressure as price action remains trapped within the confines of...

Is the USDJPY Rally Ready to Resume?

Japanese Yen
The Dollar Yen’s resurgence has been moderated over the past few days by the presence of the...

Markets: The Week Ahead 23rd June 2017

Euro
A snapshot view of the calendar for next week and commentary on potential catalyst of data of...
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