Lots of major events influence the global market every day. Prices fluctuate due to political, economic, or climate situations around the world. How have Forex, Stocks, Crypto, and Commodity markets performed this week? In our weekly overview, we will highlight the major updates that took place this week in global markets. Forex weekly overview How …
Weekly Overview: Forex, Stocks, Crypto, Commodities Nov 5 Read More »
BP is regarded as one of the major companies in the oil and gas industry for a reason, the company reached good results in the third quarter. The oil and gas giant surpassed third-quarter earnings expectations on Tuesday, fueled by surging energy prices. It posted an underlying replacement cost profit, a proxy for net profit, …
Oil Giant BP Surpassed Expectations in the Third Quarter Read More »
The Covid-19 pandemic had a tremendous impact on the oil industry. At one point, oil prices briefly fell below zero. Nonetheless, oil prices have since rebounded strongly and are holding above $80 a barrel. The situation regarding the two most closely watched gauges of oil prices is quite interesting. They are acting in unusual ways. …
Oil prices declined on the first day of November as China’s release of gasoline and diesel reserves helped to reduce concerns regarding tight global supply, while investors cashed in ahead of a meeting of major oil producers that could increase future production targets. On Monday, Brent crude futures fell 46 cents, or 0.6% to $83.26 …
Oil caught a three-year high of over $86 per barrel on Thursday inspired by tight supply and a global energy crunch. However, prices reduced as some investors took profits on signs the rally was looking overstretched. Serving to drive the latest gain, a supply report from the U.S. Energy Information Administration on Wednesday conferred crude …
On Monday, oil prices scored multi-year highs buoyed by improving demand and expensive natural gas and coal prices prompting users to turn to fuel oil and diesel for power generation. Brent crude oil futures were more above 59 cents, about 0.7%, to $85.45 by the barrel at 0900 GMT, after reaching $86.04, their highest level …
Oil prices rise as coronavirus recovery stokes demand Read More »
U.S. stock index futures slid on Monday as rising commodity prices added to inflation concerns, which could cloud the earnings season begun to start with Wall Street banks later this week. Increasing raw material prices, labor deficiencies, and other supply chain bottlenecks have raised worries of elevated prices sinking corporate profit. U.S. oil increased almost …
Futures drop as oil rally fuels inflation concerns Read More »
Gold was falling on Friday morning in Asia. The yellow metal was placed to end the week on a down note as the dollar increased and uncertainty over the U.S Federal Reserve’s timeline to create asset tapering grows. Gold futures cut down 0.03% to $1,799.45 at 12:27 AM ET (4:27 AM GMT) and was beneath …
Oil was up Friday morning in Asia holding its gains from the prior session after a dispute within the Organization of the Petroleum Exporting Countries and partners (OPEC+) postponed a decision on production levels. This might create an inflationary spike in prices if not fixed. Brent oil futures were higher 0.30% to $76.07 by 10:48 …
Gold fell on Friday morning in Asia but settled near the key $1,800 mark as investors expect the latest U.S. jobs report. Gold futures fell 0.39% to $1,801.90 by 1:24 PM ET (5:24 AM GMT) and were fixed for their most critical weekly performance after mid-June 2020. The U.S. report, including nonfarm payrolls data, is …
Oil prices crept higher on Friday and were on course for a fifth continuing weekly gain. This was due to expectations that demand increase would exceed supply, and OPEC+ producers would be careful in returning more product to the market from August. Brent was up 4 cents, or 0.1%, at $75.60 a barrel at 0854 …
Metals prices are coquetting with record levels, agricultural markets are trading at multi-year highs, and oil has staged an effective recovery. The post-coronavirus rally is bullish for commodities. Nevertheless, what is less clear is whether we can name this a super-cycle. We continue more comfortable terming it a cyclical uplift. Copper prices are in a …
Commodities buoyant while supply worries are still a concern Read More »
China’s rising imports of metals, grain, and other commodities increase a bulk-shipping sector at the focus of global industrial production. Daily freight rates for Capesize ships, the biggest bulk carriers, surged to an 18-month high this week at about $35,000. The Baltic Dry Index, which follows the price of moving commodities by sea, surged to …
China`s commodity imports push a boom in a dry-bulk shipping Read More »
Throughout the past Iranian week (closed on Friday), 740,132 plenty of commodities priced at $513 million were traded at Iran Mercantile Exchange (IME). The general public relations and international affairs Department of the exchange stated. In the past week, IME traded 378,696 loads of commodities priced at almost $305 million on its mineral and industrial …
More than 740k tons of commodities traded at IME in a week Read More »
A group consisting of some of the world’s most prominent oil producers on Thursday chose to curb existing output cuts starting next month gradually. Starting in May, an added 350,000 barrels per day would be attached to the production. Another 350,000 will be arriving on the market in June. Come July, and the production will …
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