January 13, 2023 8:48 am
Futures on US West Texas Intermediate Crude Oil looked set to register a solid weekly gain, supported by demand growth hopes in China and expectations of smaller interest rate hikes in the United States. Recent crude purchases by world’s largest oil importer China and an increase in road traffic added to optimism over demand recovery […]
Read moreJanuary 6, 2023 9:03 am
Spot Gold edged up on Friday and looked set to register a third consecutive week of advance ahead of the keenly anticipated US Non-Farm Payrolls data due out at 13:30 GMT. Employers in all sectors of the US economy, excluding farming, probably added 200,000 job positions in December, according to market consensus, following a job […]
Read moreDecember 29, 2022 10:13 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior two trading days on Thursday, as spiking new COVID-19 infections in China dampened fuel demand outlook for the biggest oil importer globally. The scale of the latest COVID outbreak across the Asian nation caused some countries to put in place new travel […]
Read moreDecember 12, 2022 10:08 am
Futures on US West Texas Intermediate Crude Oil swung between small gains and losses on Monday, as a major pipeline that supplies the United States was still not operational, while Russia threatened to reduce production as a counter move against the imposed price cap on its oil exports. Canada’s TC Energy Corp said over the […]
Read moreDecember 2, 2022 9:35 am
Spot Gold was set to register its best weekly performance in three weeks, as the US Dollar eased on expectations of slower rate hikes by the Federal Reserve. The US Dollar Index was set for a weekly loss of 1.5%, as expectations that a peak in interest rates could be near weighed on its demand. […]
Read moreNovember 25, 2022 11:04 am
Futures on US West Texas Intermediate Crude Oil rose 2% on Friday, as investors were weighing concerns over China demand and developments surrounding a Western price cap on Russian oil. According to Virendra Chauhan, head APAC analyst at Energy Aspects, concerns over Chinese oil demand, thin market liquidity as well as assessments over how severe […]
Read moreNovember 18, 2022 9:51 am
Spot Gold edged higher on Friday, but looked set to register its first loss in the past three weeks, pressured by Fed hints that policy tightening is still far from over. The US Dollar was set to register its best week since early October, bouncing off recent lows, supported by a slew of hawkish comments […]
Read moreNovember 9, 2022 9:17 am
Futures on US West Texas Intermediate Crude Oil edged lower on Wednesday following an over 3% slump in the previous trading session, as an industry report showed US crude inventories had surged more than expected. At the same time, re-surging COVID infections in China added to fuel demand concerns. The latest data from the American […]
Read moreOctober 28, 2022 9:09 am
Futures on US West Texas Intermediate Crude Oil retreated more than 1% on Friday after China, a key crude oil importer, doubled down on COVID-19 curbs. Yet, the futures were set to register a weekly advance due to supply concerns ahead of EU’s cut-off of Russian oil imports. Yesterday a number of Chinese cities tightened […]
Read moreOctober 21, 2022 10:01 am
Spot Gold retreated to a fresh three-week low on Friday and looked set for a second straight week of losses, pressured by rising US bond yields and firm US Dollar in light of hawkish remarks from Federal Reserve officials. 10-year US Treasury yields rose to highs not seen since June 2008 and the US Dollar […]
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