# Oil

#Oil

Latest Oil market news, analysis and commentary.



WTI OIL

Post-Rout Rally Likely for Oil but OPEC Concerns Remain in Place

Following a much larger than anticipated drawdown in US Crude Inventories, the recent oil rout is levelling out which means buying pressure is likely to be coming down the line in...
Australian Dollar

Aussie hurt by miss on inflation; yen weakens while euro hits new 5 ½...

The aussie weakened after Australian inflation data missed forecasts. Risk appetite continued to pressure safe havens like the yen and gold. The euro was supported by the euphoria of the outcome...
US Dollar

USD surges on positive data

USD traders were upbeat today as the US economic data was much stronger than expected despite a minor blip. New home sales m/m stole the show lifting to 621K (583K exp), show...
Oil

Crude Oil and Precious Metals Diverge

Energy and precious metals diverged overnight, with crude oil holding its ground while the safe-haven unwind continues in gold and silver. Crude Oil Choppy trading in decent ranges was the theme of the...
Oil

Oil Trickles Lower as Gold Recovers

Oil continued its downward grind overnight as gold recovered some of its losses as President Trump’s first 100-days draws to a close. OIL Oil continued its bullish unwind overnight, with both Brent and...
London Stock Exchange

Debenhams shares get Sergio Butchered

Jitters ease but stocks little changed It was another jittery day for stock markets. Investors have been juggling multiple sets of corporate results while staying mindful of global geopolitics. That makes a...
Oil

Wolves Circle Oil and Gold Ahead of Le Crunch

Oil continues it’s bearish consolidation, while precious metals await this weekend’s French election. Gold has spent the overnight session consolidating to open quietly mid-range at 1281 this morning in Asia. The fact...
WTI OIL

Oil prices claw back ground after sharp drop, buoyed by U.S. crude stock dip

Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a push to rein in global oversupply...
New Zealand Dollar

Kiwi rallies after New Zealand inflation rises to 5-year high

The New Zealand dollar was one of the best performers after inflation beat forecasts. Elsewhere, most major currency pairs remained in recent ranges as geopolitical concerns and French election risks are...
Brent Oil

WTI Crude gripped by oversupply fears

WTI Crude was exposed to sharp losses on Wednesday, with prices tumbling towards $50 after an unexpected weekly climb in U.S gasoline supplies compounded with existing oversupply fears. Although some losses were...
German Economy

Oil price slide set to weigh on European open

UK markets saw a rather divergent performance yesterday with the FTSE100 slipping back and in the process dropping into negative territory for the year, while the FTSE250 rebounded strongly after its...
Oil

Oil prices dip on bloated U.S. market, mixed Saudi signals

Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Brent crude futures LCOc1, the...
Oil

Crude Oil Shows Key Reversal Point

Crude Oil prices have been trending strongly higher through most of April as the commodity was buoyed by the ongoing OPEC production cuts, as well as plenty of geo-political risk. Subsequently,...

Commodities Fall as Mnuchin Trumps the Dollar

Treasury Secretary Mnuchin’s strong dollar comments saw the greenback rally across most asset classes. PRECIOUS METALS Gold fell from its high above 1295 to 1280 overnight, but gold has made a sprightly start...
Oil

Oil little changed amid rising U.S. output, OPEC production cuts

Crude oil futures were largely unchanged on Thursday, with the market torn between rising U.S. production and the output cuts being made by OPEC and other producers. Benchmark Brent crude futures were...
Oil

Oil prices rise on potential extension of output cuts

Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers...

Gold becomes more attractive

It seems almost surreal that another war might be on the horizon for the United states, but that could be very much be the case in the near future. Markets are responding...
Oil

Oil eases from five-week top, rising U.S. production weighs

Crude oil eased from a five-week high on Tuesday as rising U.S. shale oil production offset concerns over geopolitical tensions in the Middle East and output cuts being made to support...
WTI OIL

Non-farm payrolls miss, the dollar and crude advance further

Traders and investors around the world experienced a turbulent Friday last week, with the Syria missile attack, non-farm payrolls and the ‘Trump-Xi summit’ dominating the agenda and triggering a series of...
Oil

Oil jumps in knee-jerk reaction after U.S. launches missile strikes at Syria

Oil futures surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria, with prices later dropping...
Oil

Traders bet their oil storage assets that OPEC cuts will work

The jury is still out on whether OPEC can rein in a global oil glut but top commodity traders are betting it can by selling stakes in storage tank businesses that...
Oil

Quiet session ahead of risk events; oil rises after fall in stockpiles

here was limited price action today as investors remained sidelined ahead of big risk events coming up this week. Major currencies mostly traded in tight ranges during the Asian session, with risk-off...
WTI OIL

Oil hits one-month high near $55 on tighter supplies

Oil hit a one-month high near $55 a barrel on Wednesday as a drop in U.S. crude inventories raised hopes that OPEC-led supply restraint is clearing a glut, while an outage...
Oil

Oil prices fall as Libya’s output rebound boosts supply

Oil prices fell on Tuesday as a rebound in Libyan crude production combined with an increase in U.S. drilling to signal the potential for increased supply. Benchmark Brent crude oil was down...
German Economy

European shares nudge higher as oil and mining stocks recover

The muted start to the second quarter continued on Tuesday as European shares edged up, helped by gains in oil-related stocks and miners, though weakness in the autos sector weighed. The pan-European...
Stocks NYSE

Europe to open flat despite late US rebound

It turned out to be a disappointing start to the quarter yesterday with European and US stocks sliding sharply, despite some fairly resilient economic data on both sides of the Atlantic. Some...
Oil

Crude rebound encourages dip-buyers

Time heals all wounds, and in the case of stock markets the amount of time is about a week to move on from disappointment at Donald Trump’s failure to reform US...
US Dollar

US GDP lifts bulls spirits

US markets were relatively upbeat today despite the recent Trump movements, as the market responded positively to the final GDP figures that came out showing that Q/Q growth was 2.1% (2.0%...
Brent Oil

Is Oil’s Near-Term Rally Set to Reverse?

Oil prices are reaching a critical zone of resistance which could spell trouble for the forecasted rally. Specifically, as has been discussed previously, the 100 day moving average is generating some...
Oil

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of...

LATEST

ECB to Reduce QE- Euro Vulnerable to Dovish Draghi

Mario Draghi
The European Central Bank (ECB) is widely expected to retain the zero-interest rate policy (ZIRP) as it...

EUR: Trading The ECB – Views From Major Banks

Mario Draghi
The following are brief expectations for the ECB April meeting statement as compiled from the related research reports of 7 major...

Dollar holds gains; Canadian dollar, Mexican peso surge on NAFTA relief

Canadian Dollar
The dollar only held its gains against the Japanese yen on Thursday after U.S. President Donald Trump's...

French stocks hit nine-month high as earnings power European shares

DAX
French blue chips hit a fresh 9-year high on Wednesday, helped by a surge in the shares...

Gold lower despite Trump tax plan worries

Gold
Precious metals traded in the red on Thursday with gold edging down, mostly led by decreasing global...
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