July 28, 2023 12:46 pm
Futures on US West Texas Intermediate Crude Oil looked set to register their fifth consecutive week of advance, as investors remained optimistic about both demand and supply prospects. WTI Crude Oil Futures have surged almost 13% so far this month, mostly underpinned by output cuts announced by top producers Saudi Arabia and Russia. Meanwhile, expectations […]
Read moreJuly 26, 2023 12:25 pm
Key points WTI Crude Futures slip from recent three-month high FOMC decision eyed with focus on future rate outlook US crude stockpiles surge last week – API Futures on US West Texas Intermediate Crude Oil came off recent three-month high, retreating almost 1% on Wednesday, amid caution ahead of the Federal Reserve’s policy decision later […]
Read moreJuly 24, 2023 12:48 pm
Key points China stimulus prospects reinforce oil demand prospects Central bank decisions eyed with focus on rate outlook WTI Crude Oil futures extend a gain from the prior week Futures on US West Texas Intermediate Crude Oil extended last week’s gains on Monday, reflecting tightening conditions as OPEC+ output cuts impact the market. Prospects of […]
Read moreJuly 21, 2023 10:21 am
Key points Spot Silver extends losses, pulling back from 10-week high US Dollar and Treasury yields surge after jobless claims data bolster hawkish Fed bets Silver looks at 0.8% weekly loss Spot Silver extended losses on Friday and was on course for its first weekly decline in four weeks, as the US Dollar strengthened and […]
Read moreJuly 19, 2023 12:55 pm
Key points China growth support pledge reinforces oil demand prospects Macro data add to expectations Fed may be nearing end of tightening cycle US crude oil stocks decrease last week – API Futures on US West Texas Intermediate Crude Oil gained for a second straight day on Wednesday, supported by expectations that the Fed is […]
Read moreJuly 17, 2023 12:16 pm
Key points WTI Crude extends losses from last Friday Weaker-than-expected Chinese GDP fuels demand worries amid sluggish recovery Output resumption at two key Libyan oilfields adds to pressure Futures on US West Texas Intermediate Crude Oil retreated for a second straight day on Monday, after disappointing Chinese economic growth data raised concerns about demand in […]
Read moreJuly 14, 2023 9:49 am
Key points Spot Gold at 1-month high, heads for best week since April US Dollar hovers above 15-month low on Fed rate peak bets Gold profit-taking possible at current levels – expert Spot Gold looked set to register its best weekly performance since early April, as investors bolstered wagers that the Federal Reserve would likely […]
Read moreJuly 13, 2023 12:25 pm
Key points WTI Crude extends gains from earlier in the week US inflation data suggests Fed nearing end of policy tightening Oil demand to reach record high this year – IEA Futures on US West Texas Intermediate Crude Oil extended gains on Thursday, after the latest US CPI inflation data suggested interest rates were nearing […]
Read moreJuly 11, 2023 12:07 pm
Key points WTI Crude with sizable gains OPEC+ supply cuts, weaker US Dollar support market H2 demand prospects also favor oil prices Futures on US West Texas Intermediate Crude Oil edged higher on Tuesday, supported by a weaker US Dollar, supply cuts by top oil exporters and prospects of stronger demand in developing nations during […]
Read moreJuly 10, 2023 12:28 pm
Key points Spot Gold trades in narrow range Traders await US CPI inflation report for more clues on rate hike trajectory Firmer USD weighs on dollar-priced Gold Spot Gold remained confined within a tight trading range on Monday after a sharp gain witnessed last Friday, as the US Dollar firmed, recouping part of Friday’s losses. […]
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