Commodities

Commodities

Commodity Markets

Oil Commodity

Oil rises on expected fall in U.S. inventories, geopolitical tensions

Brent oil prices rose to a three-week high on Wednesday as weekly U.S. crude inventories are expected to have fallen steeply and geopolitical tensions around oil-rich Iraq and Iran raised risk...
Oil Commodity

Trump To Show Iran The Good Oil?

President Trump’s update on its Iran relations today has the oil market nervous, overshadowing this evening’s U.S. CPI. Brent and WTI limped quietly into the week’s end overnight with the price action...
Oil Commodity

Global oil market seen balanced in 2018, even with rising output – IEA

Global supply and demand for crude oil will be largely balanced next year, as growth in consumption helps erode a three-year-old overhang of unused fuel and should mostly offset a steep...
Oil Commodity

OPEC Comments Uncap Oil’s Wellhead

OPEC comments unleash pent-up demand in oil overnight with WTI the main beneficiary. Crude oil prices shot higher overnight with WTI gaining a spectacular 2.80% and Brent a more modest but still respectable...
Oil Commodity

Oil Seeps as Gold Rallies

Crude oil traded sideways overnight while gold’s rally continued, with volatility dampened by a U.S. and Japan holiday. Oil Crude prices finished broadly unchanged overnight with a U.S. holiday meaning New York trading...
Oil Commodity

Saudi Arabia and Russia Puncture Oil’s Recovery

Saudi Arabia and Russian backpedalling popped oil’s balloon on Friday as Hurricane Nate props up prices in Asia. The rot set in as both Russia and Saudi Arabia seem to backtrack on their...

Gold Follows the Silver Bullet Higher

Gold shrugs of a stronger dollar to post an impressive recovery, but it is silver’s rally that will have grabbed technical analysts attention. Gold Down, but not out, best describes gold’s price action...
Oil Commodity

Oil steady as talk of new OPEC deal balances U.S. exports

Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on...
Oil Commodity

Oil’s Drop Is No Barrel Of Fun

Oil’s extended speculative long positioning feels the heat as crude runs out of momentum. The unwind in long crude positioning continued overnight, with WTI falling 1.90 % and Brent 1.00% respectively. Separate...
Oil Commodity

Oil and Gold Unmoved in Asia

Oil and Gold both continued to fade into the week’s end with a China holiday seeing a quiet start for Asia. WTI finished unchanged at 51.35 on Friday as the selling pressure...

Month-End Noise Rocks Oil and Gold

Month-end flows in the USD contributed to a very choppy session on oil markets but helps gold up off the canvas. Oil Traders were left somewhat breathless overnight after the dust settled on a...
Oil Commodity

Oil falls as U.S. data shows mixed picture

Oil prices fell on Thursday, with U.S. crude giving up some of the previous session’s gains that were driven by a surprise fall in inventories, while Brent moved further away from...
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Oil and Gold Give And Take

It was give and take overnight with oil shrugging of a stronger dollar while gold wilted as U.S. bond yields rose. OIL Oil’s appeared to be correcting nicely overnight after the previous day’s...
Oil Commodity

Wellhead Uncapping Spurs Oil Higher

Brent and WTI explode higher as global tensions uncap Brent’s long-term resistance. The wellhead was uncapped, and oil gushed higher overnight with Brent rising nearly four percent and WTI three percent. Sabre rattling...
Oil Commodity

Oil dips on rising U.S. crude inventories, production

Oil markets dipped on Thursday, weighed down by rising crude inventories and production in the United States as well as a stronger dollar, which potentially hampers fuel consumption in countries that...
Oil Commodity

Oil rises after Iraq signals possible OPEC cut extension

Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a...

Gold Slips to 2-Week Low, US Housing Data Next

Gold has lost ground in the Monday session. In North American trade, the spot price for an ounce of gold is $1306.68, down 1.03%. In economic news, there are no major...
Oil Commodity

U.S. oil prices hit $50 on rising refinery demand, falling rig count

U.S. crude oil prices rose above $50 per barrel on Monday and were near last week’s multi-month highs as the number of U.S. rigs drilling for new production fell and refineries...
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Gold Prices Reach One-year High as Geopolitics Drive Haven Demand

Tensions on the Korean peninsula have triggered a gold-buying frenzy in recent weeks, as investors latched on to the yellow metal’s safe-haven status. A renewed slump in the U.S. dollar is...
Oil Commodity

Brent Crude’s Moment of Truth Looms

Exciting times for oil as we head towards the end of the week, with WTI rallying over 1.0% and Brent 0.5% as North Korea’s missile test iced the cake of a...

Gold and Silver Yawn at North Korea

Gold and Silver continue their healthy consolidations as we reach the week’s end, ignoring North Korea’s latest missile test. Gold Gold rose slightly this morning after the latest North Korea missile test, but...
Gold Commodity

Gold Pauses After Sharp Losses Kick Off Week

Gold is unchanged in the Tuesday session, after starting the week with considerable losses. In the North American session, the spot price for an ounce of gold is $1327.47, up 0.07%. On...
Oil Commodity

Oil prices steady as traders assess U.S. hurricane impact

Oil prices were steady on Tuesday, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts in the wake of Hurricane Harvey that should lead to...
Oil Commodity

Oil trades mixed

Oil prices traded mixed on Monday, reversing some of the losses from the previous session after Saudi Energy Minister Khalid al-Falih hinted that the current output cut agreement might be extended once...
Gold Commodity

Risk Appetite Returns After North Korean Holiday

Safe Havens Under Pressure as Geopolitical Risk Eases a Little Risk appetite looks to have returned on Monday, with traders relieved at the inactivity in North Korea over the weekend after reports...
Oil Commodity

Oil dips on fears Hurricane Irma could hit crude shipments, rising Libya output

Oil prices dipped on Thursday over fears that Hurricane Irma in the Caribbean could interrupt crude shipments in and out of the United States, and as Libyan output began to recover...

Gold and Silver new highs, beware the RSI’s

Headlines continue to drive Gold and Silver higher despite very stretched RSI’s. Gold Gold pushed higher again overnight despite the very overbought technical picture. The rally was driven by escalating Korean peninsula tensions...
Oil Commodity

Harvey Unwind Evaporates Gasoline, Condensing Crude

Gasoline futures crash as U.S. refinings rapid comeback alleviates the refined crude backlog. Overnight crude trading was relatively quiet with most of the action occurring in gasoline futures, which slumped nearly four...
Gold Commodity

Is Gold’s Breakout Sustainable?

The past few weeks have proved to be a relatively large boon for Gold markets as increased geopolitical risk, as well as slipping U.S. centric economic data, has seen the precious...
Oil Commodity

U.S. gasoline prices tumble as Harvey subsides

Benchmark U.S. gasoline prices slumped on Monday to pre-Hurricane Harvey levels as oil refineries and pipelines in the U.S. Gulf Coast slowly resumed activity, easing supply concerns. Brent crude oil futures also...

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It is all about inflation

Janet Yellen - Federal Reserve
When the Federal Reserve met on 19-20 September, it announced the start of winding down the $4.5billion...

FTSE movers: Dunelm up as it’s not curtains for UK retail market

London Stock Exchange FTSE
Dunelm positive despite ‘challenging market’ Under promising and over-delivering is a good approach for boards and investor relations...

FX volatility: The most volatile FX pairs in forex trading

Mexican Peso
From Donald Trump’s election to a failed coup attempt in Turkey, there have been plenty of political...

Bitcoin hits all-time high, US CPI in focus

Bitcoin
It has certainly been another eventful trading week for financial markets, as investors tussled with rocky Brexit...

Trader Fact File – Ed Seykota

Ed Seykota
Born in 1946, Ed Seykota is a commodities trader who is known for pioneering systems trading. He...

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FX volatility: The most volatile FX pairs in forex trading

Mexican Peso
From Donald Trump’s election to a failed coup attempt in Turkey, there have been plenty of political...

The Pound is running for its life

Great British Pound Currency
The GBP/USD pair has fallen to three weeks’ lows. Taking into account how fast the American currency...

FOMC meeting preview: Ready for the great unwind

Federal Reserve FOMC Stocks
The Federal Open Market Committee faces a big test this week – can it announce the start...
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