Quick Look Dow Jones Industrial Average futures are up by 0.11%, with S&P 500 and Nasdaq 100 futures also in the green. Lyft shares surge over 16% after-hours on strong Q4 earnings, while Airbnb dips more than 4% despite revenue beat. The U.S. stock market faced significant declines in the previous session, with Dow Jones …
Stock News: Dow Up 0.11%; Lyft Jumps 16%, Airbnb Falls 4% Read More »
Quick Look Oil prices remain stable despite tensions in the Middle East from Israel’s actions in Gaza. Trinidad and Tobago face a national emergency due to a major oil spill from a capsized vessel. Year-to-date, WTI and Brent crude prices show the market’s durability against geopolitical and environmental issues. Crude oil continues to be essential …
Oil Market Defies Tensions, Up Amid Global Crises Read More »
Quick Look Total OPEC+ crude output decreased by 340,000 barrels per day, the largest drop in six months. The decline was less than half the 700,000 b/d reduction promised for Q1 2024. Key contributors to the cut include Libya, Kuwait, and Iraq, with Libya’s Sharara field shutdown impacting numbers. The UAE bucked the trend with …
Jan ’24: OPEC+ Cuts Output by 340K B/D, Misses Target Read More »
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 »
Key Points: Attacks on Shipping Routes: Despite current stability, the Red Sea faces threats that could necessitate quick adjustments to maintain crude oil flow. Cost Implications: Increased insurance and rerouting costs due to Red Sea tensions could elevate global freight rates. Impact on Russia: Approximately 80% of Russia’s oil exports to Asia are at risk, …
80% of Russia’s Crude Oil Exports at Risk: Red Sea Crisis Read More »
Quick Look The crude oil market sees a decline due to US inflation concerns. WTI crude oil approaches the $72 level, with support at $70 and $68. Value hunters and geopolitical factors add complexity to the market. Potential for a rebound as geopolitical tensions rise. Long-term traders may consider favourable entry points. Upside targets include …
Crude Oil Market Sees Decline Amid US Inflation Concerns Read More »
In the latest market developments, the Dow Jones Industrial Average emerged as a standout performer, closing higher amid a mixed performance from its peers, the S&P 500 and Nasdaq Composite. This divergence in the indices’ performance was further complicated by a downward trend in Treasury yields. Driving these market movements were significant after-hours announcements from …
Russian President Vladimir Putin’s triumphant rhetoric about Russia’s resilience in the face of international sanctions conceals a more complex reality. While Russia appears to weather the storm in the short term, its long-term prospects are marred by economic distortions and unsustainable war-driven growth. Russia’s Adaptation to Sanctions Despite Western efforts to throttle Moscow’s oil revenues …
Russia’s Sanctions Tango: Short Wins, Long Challenges Read More »
Positive US Growth and Chinese Stimulus Drive Demand, While Middle East Concerns Add Support The oil market has maintained its upward trajectory in a dynamic interplay of geopolitical uncertainties. The commodity hovered near the peak levels seen in 2024 as global economic optimism prevails. The oil sector experiences a second consecutive week of gains, bolstered …
In the changing landscape of energy dynamics, Liberty Energy Inc., a services firm specialising in energy, anticipates a consistent increase in global demand. According to Chief Executive Chris Wright, the surge is driven by the aspirations of billions seeking affluent lifestyles. Liberty’s strategic perspective highlights the stability of the frac industry as it enters 2024, …
Liberty Energy’s Global Outlook: Surge Amidst Tensions Read More »
In the dynamic landscape of commodity investment, staying updated on geopolitical events is crucial for informed decision-making. The recent escalations in the Middle East, particularly Iran-backed Houthi militants’ attacks in the oil-rich region, have impacted the global market. Contrary to expectations, crude futures have shown resilience, with West Texas Intermediate trading within a narrow range …
Commodity Investment: Middle East Tensions & Gas Dynamics Read More »
In the ever-fluctuating landscape of hot commodity, gold, often revered as a haven, faces headwinds as it hovers near five-week lows. The dynamics are shaped by hawkish remarks from Federal Reserve officials and robust economic data, diminishing investors’ expectations for deeper and early interest rate cuts in the United States this year. Dollar Dominance and …
Hot Commodity: Gold Price React to Economic Dynamic Read More »
Oil remains a cornerstone in the intricate world of commodities trading, with its nuances often dictating global economic trends. Recent data from the Fujairah Oil Industry Zone sheds light on the current dynamics of oil trading, particularly at the Port of Fujairah in the UAE. Analyzing the stockpile shifts at this vital port unveils intriguing …
Trading Oil: A Look at Fujairah’s Port Stockpiles Read More »
In the dynamic landscape of global markets, commodity funds have emerged as a strategic investment avenue, providing investors with exposure to the unpredictable yet lucrative world of commodities. Recently, oil prices have been on a rollercoaster ride, with mixed movements following losses in the previous session. This article delves into the current state of oil …
Oil Market Chaos: Why Commodity Funds Are Key Investments Read More »
In the ever-changing landscape of global markets, oil consistently stands out as a key commodity that captures the attention of traders and investors. Recent geopolitical developments in the Middle East have once again highlighted the importance of this crucial resource. As tensions escalate and conflicts intensify, the impact on oil prices and the demand for …
Hot Commodity: Oil and Precious Metals Fluctuation Read More »
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