Quick Look: New sanctions targeting Venezuela’s crude oil sector affect US Gulf Coast supply as Mexico also cuts exports. US spares Iran’s oil industry, focusing sanctions on UAV production; geopolitical tensions could escalate oil prices. A minor increase in Brent and US crude oil prices despite a significant rise in US crude inventories. This Thursday, …
Crude Oil Market Volatility Amidst New Sanctions Read More »
Quick Look Standard Chartered forecasts a significant call on OPEC at 1.8 million barrels per day. OPEC Secretariat estimates even higher at 2.7 million barrels. On-land inventory levels have dropped to their lowest since 2016, indicating tightening market conditions. The U.S. oil data index reveals a close balance between bullish and bearish readings, signalling market …
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 »
Key Points: Oil prices slid due to geopolitical tensions and looming demand concerns Gold demand reached record highs in 2023 due to central bank purchases and anticipation of interest rate cuts Industrial metal prices faced headwinds due to China’s manufacturing sector contraction and the strength of the US dollar Nickel market challenges led to the …
2023 Commodity Trends: Oil Drops by $1.97, Gold Surges 3% 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 …
Concerns over Global Demand and Dollar Dominance Impact on Oil Markets Oil prices faced downward pressure on Wednesday. Apprehensions regarding lacklustre demand and the resilience of the U.S. dollar offset the impact of escalating geopolitical tensions. Therefore preventing more significant losses. Stockpiles Data Raises Questions about Fuel Demand The March contract for Brent crude slipped …
Oil Market Retreats Amid Demand Worries and Dollar Strength Read More »
In the dynamic energy market landscape, Western Canadian oil sands have become a hot commodity, adeptly navigating the price differentials’ highs and lows. The anticipated pipeline expansion in early 2024 should significantly alter market dynamics and open new export opportunities, attracting the attention of commodity brokers and those using commodity trading platforms. Pipeline Expansion Spurs …
Hot Commodity: Western Canadian Oil Sands in 2024 Read More »
The US equity market saw a promising start to the week as futures linked to the major indexes, including the S&P 500 technical analysis, showed marginal gains following their most robust week of the year. The Dow Jones Industrial Average climbed 5.07%, the S&P 500 rose 5.85%, and the Nasdaq Composite surged 6.61%. Such bullish …
S&P 500 Technical Analysis: A Promising November Read More »
A delicate dance between global economic factors and local influences often marks the world of stock market patterns. Asian shares experienced a turbulent Friday, with the looming possibility of a 5.0% yield on the 10-year US Treasury, a level not seen since 2007, exerting added pressure on Wall Street. Analyzing the market’s response to these …
Deciphering Stock Market Patterns: Global Perspective Read More »
Oil profit remains a central focus for investors and traders as the energy market experiences fluctuating dynamics. Recent developments indicate a potential path for profit generation in the ever-volatile oil sector. Oil prices have recently shown an upward trend, driven by concerns over supply tightness in the approaching winter and the delicate state of the …
Recent attention in the world’s economic landscape has focused on the commodity super cycle, defining it as a prominent phenomenon. In this article, we explore Malaysia’s trade performance in August 2023, shedding light on the country’s export-import dynamics and trade surplus. Malaysia’s Trade Woes Amid Commodity Super Cycle As the commodity super cycle influences global …
Malaysia’s Trade Amidst the Commodity Super Cycle Read More »
The Recent Developments in Commodity Markets In the ever-evolving world of commodity markets, two significant developments have caught the attention of industry observers. First, Bangladesh has taken a stride forward by installing its maiden single-point mooring system in the Bay of Bengal. This enables higher crude imports from Saudi Arabia and the United Arab Emirates …
Monday’s trading session on the Toronto Stock Exchange saw the S&P/TSX composite index experience a lackluster performance. The slight losses decline in mining and energy stocks due to weaker commodity prices. Investors awaited key economic data from Canada and the upcoming testimony by US Federal Reserve Chair Jerome Powell. As of 9:50 a.m. ET (1350 …
Oil prices rose to $77 on international markets on Friday, boosted by estimates that the White House and Congress will agree to raise the US debt ceiling and remove the threat of payment problems. On the London market, the price of a barrel was 1.15 dollars higher around noon than at the close of trading …
Oil Prices on International Markets Rose to 77 Dollars Read More »
Oil market sentiment remained gloomy. ICE Brent fell more than 5% Wednesday, settling in the $75/bbl range. This is the greatest daily percentage drop since early January and the lowest level since March. There are a few new factors to warrant the sell-off. However, investors appear to be becoming concerned about the macroeconomic outlook and …
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
