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U.S. Corporations Are Trying to Prepare for Sanctions

Leave a Comment / Commodities / By Bob Fetti

The situation regarding Ukraine is not ideal, to say the least. President Joe Biden even threatened to impose devastating sanctions on Russia if Vladimir Putin invades Ukraine. Nevertheless, big corporations and business groups are pushing Biden’s administration and lawmakers to be cautious. A trade group representing General Electric, Chevron, as well as other big corporations …

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What is the Connection Between Oil Prices and Tensions?

Leave a Comment / Commodities / By Bob Fetti

On Tuesday, oil prices rose, recovering some of the previous day’s losses. Interestingly, oil prices rose as growing tensions over Ukraine and the Middle East fuelled concerns regarding possible supply disruptions. Brent crude futures gained 61 cents or 0.7% to $86.88 a barrel at 07:22 GMT. On Monday, Brent crude futures dropped 1.8%. U.S. West …

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Geopolitical Risks Helped to Boost Oil Prices

Leave a Comment / Commodities / By Bob Fetti

Oil prices benefited from tensions around the world. Prices rose on Monday on worries regarding supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East. Brent crude gained 33 cents or 0.4% to $88.02 a barrel by 11:49 GMT. U.S. West Texas Intermediate (WTI) crude added 24 cents or 0.3% to …

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Oil Prices Dropped As Investors Took Profits

Leave a Comment / Commodities / By Bob Fetti

Oil prices declined on Friday, after rising to seven-year highs this week. Oil prices fell on Friday after an unexpected rise in U.S. crude as well as fuel inventories and as investors took profits. On Friday, Brent crude futures dropped $1.49 or 1.6% to $86.89 by 10:10 GMT. It earlier declined by as much as …

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Oil Prices Declined Due to Two Challenges

Leave a Comment / Commodities / By Bob Fetti

Oil prices fell on Thursday. Prices declined on indications of rising U.S. stocks and as investors took profits after a recent price rally, but robust demand and short-term supply disruptions continue to support oil prices close to their highest since 2014. Brent crude futures dropped 45 cents or 0.5% to $87.99 a barrel by 12:42 …

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Oil Prices Reached Phenomenal Results Due to Tensions

Leave a Comment / Commodities / By Bob Fetti

Oil prices reached their highest point in several years on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures gained $1.02 or 1.2% to $87.50 a barrel by 09:24 GMT. U.S. West Texas Intermediate (WTI) crude futures advanced $1.36 or 1.6% to $85.18 …

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Price of Gold Jumped on Monday Morning

Leave a Comment / Commodities / By Bob Fetti

Gold strengthened its position on Monday morning in Asia, while U.S. Treasury yields benefited from hawkish signals from the U.S. Federal Reserve. Moreover, markets are beginning to price in a sooner-than-anticipated reduction in the central bank’s balance sheet. Gold futures gained 0.16% to $1,819.40 by 11:36 PM ET (4:36 AM GMT). Moreover, benchmark 10-year U.S. …

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Oil Futures Recovered on Friday

Leave a Comment / Commodities / By Bob Fetti

Oil futures reversed losses on Friday thanks to a weaker U.S. dollar. Nonetheless, the world’s biggest importer’s imminent release of crude reserves capped price gains. Brent crude futures gained 32 cents or 0.4% to $84.79 a barrel at 07:30 GMT. U.S. West Texas Intermediate (WTI) crude advanced 11 cents or 0.1% to $82.23 a barrel. …

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Gold Futures Gained 0.1% Thanks to a Combination of Factors

Leave a Comment / Commodities / By Bob Fetti

Gold strengthened its position on Wednesday morning in Asia. Investors shifted their attention to U.S. inflation data after Federal Reserve’s Chairman Jerome Powell set a less hawkish tone and reiterated that the central bank would tackle inflation. Gold futures rose 0.01% to $1,818.75 by 11:39 PM ET (4:39 AM GMT). The U.S. currency, which usually …

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Oil Prices Rose Thanks to Important Factors

Leave a Comment / Commodities / By Bob Fetti

Oil prices jumped on Tuesday, supported by tight supply as well as hopes that rising coronavirus cases and the spread of the Omicron variant will not affect a global demand recovery. OPEC supply additions are running below their allowed increase as part of a pact with allies as some countries are struggling to increase output. …

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OPEC+ and its Impact on the Oil Industry

Leave a Comment / Commodities / By Bob Fetti

Oil prices rose on January 5, rising towards $81 a barrel after OPEC+ producers adhered to an agreed output target rise for February and investors analyzed the impact of the Omicron variant of Covid-19. Brent crude futures gained 65 cents or 0.81% to $80.65 a barrel by 13:17 GMT. U.S. West Texas Intermediate (WTI) crude …

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Oil Prices Fell as Investors Monitored Producers’ Meeting

Leave a Comment / Commodities / By Bob Fetti

Oil prices declined on Tuesday as investors embraced expectations that major oil producers will confirm a plan to add supply at a meeting on Tuesday amid diminishing concerns regarding the spread of the omicron variant of Covid-19. Brent crude futures dropped 25 cents to $78.74 a barrel at 07:39 GMT. U.S. West Texas Intermediate (WTI) …

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Oil Prices Rose One Day Ahead of An Important Meeting

Leave a Comment / Commodities / By Bob Fetti

Oil prices rose on January 3 as the market kicked off the new year on a positive note with suppliers in focus ahead of an important meeting, although surging Covid-19 cases continued to affect demand sentiment. Brent crude gained 56 cents or 0.72% to $78.34 a barrel as of 07:10 GMT. U.S. West Texas Intermediate …

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Oil Fell After the Biggest Importer Reduced Import Quotas

Leave a Comment / Commodities / By Bob Fetti

Oil prices fell on Thursday. Prices declined after China reduced the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up in spite of the omicron variant. Brent crude futures dropped 27 cents or 0.3% to $78.96 a barrel at 13:22 GMT. U.S. On Thursday, …

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Gold Futures Dropped 0.19% by 10:41 PM ET

Leave a Comment / Commodities / By Bob Fetti

Gold declined on Wednesday morning in Asia, with falling U.S. Treasury yields countering the impact from slightly improved risk sentiment, and giving the gold a boost. Gold futures dropped 0.19% to $1,807.45 by 10:41 PM ET and 10-year U.S. Treasury yields edged lower. Stocks in Asia-Pacific were mixed on Wednesday as investors analyzed the impact …

Gold Futures Dropped 0.19% by 10:41 PM ET Read More »

Commodities

U.S. Corporations Are Trying to Prepare for Sanctions

What is the Connection Between Oil Prices and Tensions?

Geopolitical Risks Helped to Boost Oil Prices

Oil Prices Dropped As Investors Took Profits

Oil Prices Declined Due to Two Challenges

Oil Prices Reached Phenomenal Results Due to Tensions

Price of Gold Jumped on Monday Morning

Oil Futures Recovered on Friday

Gold Futures Gained 0.1% Thanks to a Combination of Factors

Oil Prices Rose Thanks to Important Factors

OPEC+ and its Impact on the Oil Industry

Oil Prices Fell as Investors Monitored Producers’ Meeting

Oil Prices Rose One Day Ahead of An Important Meeting

Oil Fell After the Biggest Importer Reduced Import Quotas

Gold Futures Dropped 0.19% by 10:41 PM ET

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