• posted by IMV |
  • 04/4/2018

Commodity Alert: Oil prices fall on rising Russian output and geopolitical tensionsOil prices fell in morning in Asia amid rising Russian production and expectations that Saudi Arabia will cut prices of the crude it sends to Asia. There are speculations that Saudi Arabia will cut prices for all crude grades it sells to Asia in May to reflect weaker prices for its Middle East benchmark Dubai crude. Also putting pressure on oil markets is the...

  • posted by IMV |
  • 28/3/2018

Commodity Alert: Oil prices fall on surprise U.S. inventory rise; China crude volatileOil prices fell with Brent dropping back below $70 per barrel and U.S. West Texas Intermediate crude dipping below $65, pulled down by a report of increasing U.S. crude inventories that surprised many traders. Traders said the dips came after the American Petroleum Institute (API) late on Tuesday reported a surprise 5.3 million barrels rise in crude sticks...

  • posted by IMV |
  • 27/3/2018

Commodity Alert : Oil prices rise on Middle East tension, global market recoveryOil prices rose on Tuesday, pushed up by concerns that tensions in the Middle East could lead to supply disruptions. Hopes that behind-the-scenes talks between the United States and China will prevent a looming trade war between the world's two biggest economies also supported global markets, including crude oil futures. Iraq, the second biggest producer within the...

  • posted by IMV |
  • 19/3/2018

Gold future price traded moderately lower as the dollar stayed firm ahead of the Fed meeting later this week. Investors are expecting the US Federal Reserve to deliver a rate hike for the first time this year.Apart from this market also having a close eye on G-20 meeting which will also be a key driver in most of the financial assets. Rising dollar pressurizing yellow metals to trade with lower bias ahead.Last week we have seen volatility in gold...

  • posted by IMV |
  • 15/3/2018

Commodity Alert: Saudi Arabia to keep April crude oil exports under 7 million bpd: ministrySaudi Arabia, the world's biggest oil exporter, plans keep its crude oil production in April below 10 million barrels per day (bpd), and maintain exports under 7 million bpd, the energy ministry said on Wednesday, according to Reuters report. Despite nominations coming in at 100,000 barrels a day, higher than the previous month, allocations were maintained...

  • posted by IMV |
  • 15/3/2018

Commodity Alert : Oil prices stable on healthy demand, but oversupply looms later in 2018Oil prices held steady supported by healthy global demand but capped by the relentless rise in U.S. production that is undermining efforts led by producer cartel OPEC to cut supplies and prop up markets. Prices were receiving support from healthy demand. The Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday that oil consumption was...

  • posted by IMV |
  • 13/3/2018

Gold futures prices traded moderately lower as upbeat U.S. payrolls data sparked a fresh rally in equities, shoring up expectations that the U.S. Federal Reserve would press ahead with further interest rate rises this year. Moreover, the yellow metal also dipped as traders remained concerned about a potential trade war between United States and other major economies.Crude oil futures traded marginally higher as speculators enlarged their...

  • posted by IMV |
  • 13/3/2018

Commodity Alert: Oil prices fall on relentless rise in U.S. crude outputOil prices fell extending losses from the previous session, as the inexorable rise in U.S. crude output weighed on markets. Oil prices fell on the back of concerns that surging U.S. production ... could push inventories in the U.S. higher," ANZ bank said on Tuesday. U.S. crude oil production soared past 10 million barrels per day (bpd) in late 2017, overtaking output by top...

  • posted by IMV |
  • 08/3/2018

Commodity Alert: Oil prices rebound with decline in gasoline inventoriesOil prices rebounded slightly in morning, pulled up by a report from the Energy Information Administration (EIA) that gasoline inventories had dipped. Oil prices had dropped following a decline of more than 1 percent in S&P 500 Futures, triggered by the resignation of key free-trade advocate Gary Cohn, economic adviser to U.S. President Donald Trump, on Tuesday. The EIA...

  • posted by IMV |
  • 07/3/2018

Commodity Alert : Natural Gas - March Is Turning Out To Be Colder Than ExpectedStrong exports growth and an increase in national consumption ensured that the growth in total demand stayed positive. In fact, on an annualized basis, aggregate demand has not posted a single negative growth figure since January 2010. March is turning out to be colder than expected. A storage report of -62 Bcf would be compared to -57 Bcf last year and -129 Bcf for...