December 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 […]
Read moreOctober 14, 2022 10:33 am
Futures on US West Texas Intermediate Crude Oil were on track to register their first loss in three weeks, as global recession concerns and weak Chinese oil demand offset the positive effects from a softer US Dollar and a huge cut to the OPEC+ oil production target. Yesterday the International Energy Agency (IEA) revised down […]
Read moreOctober 7, 2022 8:15 am
Spot Gold traded little changed on Friday ahead of the highly anticipated US employment data that could offer insight into labor market conditions. Still, the yellow metal was poised to register its best weekly performance since March, having risen 3.01% so far this week, as the US Dollar eased from 20-year highs and US Treasury […]
Read moreSeptember 30, 2022 8:48 am
Futures on US West Texas Intermediate Crude Oil were set to register their first gain in five weeks, as the US Dollar eased from 20-year highs and there is a possibility that OPEC+ members may agree to reduce oil production at their meeting on October 5th. “A deteriorating crude demand outlook won’t allow oil to […]
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