Thu, December 08, 2022

Commodity traders

Weekly Overview: Forex, Stocks, Crypto, Commodities

Weekly Overview: Forex, Stocks, Crypto, Commodities Nov 5

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 …

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Oil Giant BP Surpassed Expectations in the Third Quarter

Oil Giant BP Surpassed Expectations in the Third Quarter

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, …

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Oil Recovers Slightly Despite Potential Conflict

Oil prices rise as coronavirus recovery stokes demand

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 …

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Inflation

Futures drop as oil rally fuels inflation concerns

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 …

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Commodities buoyant while supply worries are still a concern

Commodities buoyant while supply worries are still a concern

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 …

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China`s commodity imports push a boom in a dry-bulk shipping

China`s commodity imports push a boom in a dry-bulk shipping

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 …

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More than 740k tons of commodities traded at IME in a week

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 …

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