Sun, February 25, 2024

Copper Trading

Swiss Valcambi suspected of acquiring gold of dubious origin

Commodity Market: Oil Up 7.2M Barrels, Gold to Rise 6%

Quick Look U.S. crude oil inventories surged by 7.2 million barrels, exceeding expectations. Brent crude traded above $83/barrel, with significant movements in oil and gasoline stocks. The global zinc market ended with a surplus, while lead reported a surplus in production over consumption. The gold price forecast anticipates a 6% increase over the next 12 …

Commodity Market: Oil Up 7.2M Barrels, Gold to Rise 6% Read More »

African cocoa laborers earn less than a dollar a day

Cocoa Prices Hit Record Highs: $8.7B Hedge Fund Bet

Quick Look Hedge funds’ $8.7 billion investment in cocoa futures sparks record price levels. London and New York cocoa prices soar to £4757 and $5888 per ton, respectively. Adverse weather, diseases in West Africa, and speculative trading drive price surges. Despite global price hikes, Ghanaian and Ivorian farmers face delayed financial gains. Other commodities and …

Cocoa Prices Hit Record Highs: $8.7B Hedge Fund Bet Read More »

Commodities and education

Crude Oil Market 2023: Declines and Projections

2023 Crude Oil & Metal Price Trends Benchmark U.S. and Brent crude oil prices see declines, reflecting market adjustments. March delivery for gasoline, heating oil, and natural gas also experience price drops. Gold and copper prices fall, while silver prices buck the trend with an increase. The dollar weakens against the yen and euro, influencing …

Crude Oil Market 2023: Declines and Projections Read More »

commodity trading

Commodity Feed: Gold Dips, Oil Rises; US Agri Trade Falls 11%

Quick Look Gold prices dip below $2000/oz amidst strong US CPI report and Fed rate cut speculations. ICE Brent crude oil sees a 0.94% hike, nearing $83/barrel, amid fluctuating crude inventories. OPEC adjusts oil demand and supply forecasts, signalling a cautious market outlook. Benchmark U.S. and Brent crude prices experience slight increases, reflecting market dynamics. …

Commodity Feed: Gold Dips, Oil Rises; US Agri Trade Falls 11% Read More »

Weekly Market Overview: Forex, Stocks, Crypto, Commodities

Energy & Agriculture Update: Crude Up 5.52M Barrels

Quick Look Crude oil prices stayed within a narrow range, with significant refinery margin improvements. US commercial crude oil inventories surged by 5.52 million barrels. Gasoline and distillate stocks dropped, indicating increased demand. Midwest refinery utilization rates climbed to 95.1%, reflecting robust processing activity. Gold reserves in China increased, while US agricultural stock estimates show …

Energy & Agriculture Update: Crude Up 5.52M Barrels Read More »

Oil drops over continuous fuel demand worries

Oil Market Dynamics: Geopolitical Tensions & Demand’s Impact

Oil Market Futures Retreat Amid Middle East Uncertainty Investors are closely monitoring a significant pullback from recent two-month highs in oil market futures, driven by escalating geopolitical tensions in the Middle East. The situation underscores the tight correlation between crude oil prices and global political events, particularly in this unstable region, heightening investor concerns. Warren …

Oil Market Dynamics: Geopolitical Tensions & Demand’s Impact Read More »

Swiss Valcambi suspected of acquiring gold of dubious origin

2024 Metal Commodity Outlook: Insights & Projections

A Comprehensive Outlook for the Key Commodities Metal Market in the Coming Year As we enter 2024, it becomes crucial to assess the prospects of global commodities. The unexpected challenges of the past year, particularly resilient supply chains, had a different impact on the market than anticipated. However, with the data at hand, a nuanced …

2024 Metal Commodity Outlook: Insights & Projections Read More »

Hard commodities VS Soft commodities: Differences

Hard Commodities VS Soft Commodities: Differences 

Key Takeaways: Hard commodities: non-perishable, extracted assets like metals, energy; traded physically and in futures markets. Soft commodities: Perishable agricultural products predominantly traded in futures markets due to spoilage risk. Price factors: Hard commodities are influenced by global dynamics, soft by environmental conditions and government policies. Risk and volatility: Hard commodities are more stable, soft …

Hard Commodities VS Soft Commodities: Differences  Read More »

energy, Wibest – Natural Gas Production: Gas pipelines and storage containers.

FTSE 100 Fallers: Energy and Mining Stocks

In the ever-fluctuating world of financial markets, Monday witnessed Britain’s FTSE 100 easing from a one-month closing peak, signalling a shift in sentiment among investors. The market experienced a 0.2% decline from Friday’s close due to the underperformance of energy and mining stocks, particularly heavyweights. This dip followed a surge that had propelled the FTSE …

FTSE 100 Fallers: Energy and Mining Stocks Read More »

Commodity Trading

Commodity Funds: The Australian Market Fluctuations

Recent fluctuations in the Australian stock market underscore the commodity influence and financial stocks on the S&P/ASX 200 index. On Friday, gains in Australian shares by the commodity sector shifted attention to the impact of commodity funds on portfolios. This article explores the recent market movements and the potential advantages of integrating commodity funds into investment …

Commodity Funds: The Australian Market Fluctuations Read More »

Wibest Broker-Brent: Brent ticker sign showing prices going lower

Brent News: Navigating Volatility in Energy Markets

Brent News has been at the forefront of recent developments in the dynamic landscape of global energy markets. Oil futures experienced a modest uptick on Monday, building on the momentum generated by expectations of OPEC+ deepening supply cuts to stabilise prices. Amidst these fluctuations, Brent oil fields remain a focal point, shaping the industry’s trajectory. …

Brent News: Navigating Volatility in Energy Markets Read More »

oil, The importance of commodity exchanges

The Hot Commodity Surge: Canadian Markets Rebound

In the dynamic world of financial markets, the term “hot commodity” takes centre stage as Canada’s main stock index experiences a welcomed upswing. Following a week of losses, the Toronto Stock Exchange’s S&P/TSX composite index saw a notable rise of 0.3%, closing at 19,587.41 points. Buoyed by a resurgence in commodity prices and corporate earnings, …

The Hot Commodity Surge: Canadian Markets Rebound Read More »

Commodity Exchange: Still life shot of agricultural commodities.

Commodity Investment Amid Shifting Economic Tides

Commodity investment has been a cornerstone of global economies, closely tied to the economic fortunes of nations, with China playing a pivotal role over the past two decades. The commodity demand soared during China’s double-digit economic growth between 2001 and 2012, benefiting economies like Indonesia. However, recent developments have set the stage for significant shifts …

Commodity Investment Amid Shifting Economic Tides Read More »

Rio Tinto

News on Rio Tinto: Production and Guidance Update

Rio Tinto, the world’s second-largest miner by market value, created a stir with its impressive Q3 2023 financial results. However, not all news from Rio Tinto was positive, as the company downgraded its full-year output guidance for its Iron Ore Company of Canada business. Aluminium and Copper Production Surges In the latest quarter, Rio Tinto …

News on Rio Tinto: Production and Guidance Update Read More »

China Less Inclined To Support The US in Ukraine War

Import into China: Resilience in Commodity Imports

In international trade, the flow of goods is often seen as a barometer of a nation’s economic health. Recent data on the import into China challenges the prevailing narrative of a struggling Chinese economy, painting a different picture altogether. This trend is significant for China and holds global implications, reaffirming its position as a major …

Import into China: Resilience in Commodity Imports Read More »