Markets

Crude Oil (CLN2) News & Updates

53.185
09:58:48(GMT)
0.9350
(1.79%)*Daily Change
Crude Oil OPEC Logo
6 hours ago

Tracking Production Cut Compliance Could Prove Difficult for OPEC

Three weeks into the new year and 21 days since OPEC/Non-OPEC countries began cutting output, we have the first meeting of representative of the cartel and several other major oil producers outside the cartel, in Vienna, to discuss compliance with the oil production cut agreement. The purpose of the meeting will be to establish a … Continue reading Tracking Production Cut Compliance Could Prove Difficult for OPEC

Donald_Trump 5
yesterday

Stocks Steady Ahead of Trump’s Inauguration

U.S. stocks were trading higher shortly before the inauguration of President Donald Trump. This may be an indication that investors are willing to give Trump the benefit of the doubt when it comes to his policies at least over the short-term. Recently, he took heat because he has not yet revealed the details of this … Continue reading Stocks Steady Ahead of Trump’s Inauguration

yesterday

Commodities Consolidate as they Await Next Direction

Gold prices and other commodity prices continued to consolidate for the second day. After a strong uptrend during the early part of the year, gold price seem to have settled down and they are waiting for some impetus from some direction for it to make the next move in a specific direction. The prices are … Continue reading Commodities Consolidate as they Await Next Direction

Crude Oil Daily News
2 days ago

EIA, API Inventories Reports Confuse Crude Oil Traders

U.S. crude oil futures rose on Wednesday, but retreated from its highs after the U.S. Energy Information Administration (EIA) reported a surprise increase in the country’s crude stockpiles as refinery activity fell. According to the EIA, U.S. commercial crude inventories rose by 2.3 million barrels in the week through January 13 to 485.5 million barrels. … Continue reading EIA, API Inventories Reports Confuse Crude Oil Traders

2 days ago

Oil Prices Edge Higher but Fail to Lift European Equities

European stock markets are heading south, with the FTSE 100 underperforming as Sterling moves higher. DAX and CAC 40 lost earlier gains and are also down as investors hold back ahead of the ECB announcement. Asian markets closed mixed, with the Nikkei managing a 0.94% gain as the Yen fell against the dollar following comments … Continue reading Oil Prices Edge Higher but Fail to Lift European Equities

3 days ago

Gold and Silver Begin Their Correction

Gold prices began their correction as we had mentioned in our forecast yesterday. The gold prices had been rising from 1160 and had been showing some good strength on the back of dollar weakness across the board. We had expected some serious resistance and correction in the 1200 region but the commodity had managed to … Continue reading Gold and Silver Begin Their Correction

Daily Economic Calendar
3 days ago

Global Economic Calendar – Its all about the ECB

The economic agenda for the day begins with the unemployment report from Australia which came in at a higher than expected value of 5.8% which shows that the economy continues to struggle amid the risks in China and the falling commodity prices. Then follows the big news of the day in the ECB press conference … Continue reading Global Economic Calendar – Its all about the ECB

4 days ago

Oil Prices Continue to Consolidate, Is it Time to Fall?

Gold prices continued to trade strongly yesterday and today as well as the increase in global risks and fears and the weakness in the US dollar all contributed to the increase in the gold prices. With this break through the 1200 region, we are likely to see the gold prices spurt further higher but we … Continue reading Oil Prices Continue to Consolidate, Is it Time to Fall?

4 days ago

Dollar Tumbles after Trump Declares It “Too Strong”

The U.S. Dollar fell against a basket of currencies on Tuesday after President-elect Trump said the U.S. is losing its competitiveness in the global marketplace because the dollar is “too strong”. He also said the Greenback’s strength against the Chinese Yuan “is killing us”. Soothing words on Brexit from British Prime Minister Theresa May helped … Continue reading Dollar Tumbles after Trump Declares It “Too Strong”

US Dollar Index
4 days ago

Stocks Slump as Dollar Tumbles Following Trump Comments

European stock markets are broadly down, following on from losses on most Asian markets. Uncertainty about future U.S. policies are weighing on sentiment and with reports indicating that U.K. Prime Minister May will announce a hard Brexit strategy today, investors are holding back and only the Italian MIB index is managing to hold stable. Financial … Continue reading Stocks Slump as Dollar Tumbles Following Trump Comments

5 days ago

Gold Prices Consolidate and Wait for Next Turn

Gold prices consolidated and ranged for a large part of the day yesterday as global fears continued to mount yesterday and over the weekend and this helped to keep a bid under the gold prices and helped to keep it close to its range highs and above 1205. We have the speech from the UK … Continue reading Gold Prices Consolidate and Wait for Next Turn

MarkCarney
5 days ago

BoE’s Carney Has to Present Strong Front or Sterling Will Plummet

Hard exit talk drove the GBP/USD below the 1.2000 level on Monday as support for the Sterling continued to erode, putting the Forex pair on course for an eventual test of the Flash Crash low a 1.1739. Later today at 1830 GMT, Bank of England Governor Mark Carney is scheduled to speak. The speech was … Continue reading BoE’s Carney Has to Present Strong Front or Sterling Will Plummet

6 days ago

Gold Is At a Crucial Point Again as Global Risks Rise

Global risks increased over the weekend as fears surrounding the Brexit process reared its head once again. This has helped to bring in a risk off mode in the markets which has helped to push the prices of gold higher. It trades above 1200 as of this writing. We have been mentioning in our forecasts … Continue reading Gold Is At a Crucial Point Again as Global Risks Rise

9 days ago

Gold Reaches Our Target but What Next?

Gold prices managed to reach our target of 1200 and for a short while yesterday, it did look good for more as well on the back of some serious dollar weakness during the course of the day yesterday. But late into the NY session, some dollar strength returned and this caused a correction in the … Continue reading Gold Reaches Our Target but What Next?

Crude Oil OPEC-flag
9 days ago

Crude Oil Boosted by Reports of Growing Compliance with Output Plan

Crude oil prices rose a second day on Thursday, bolstered by reports that several of OPEC’s key players were complying with the cartel’s plan to curb output. Additional support was provided by forecasts of strong demand growth in China. At the mid-session, U.S. March West Texas Intermediate crude oil was trading $53.00, up $0.77 or … Continue reading Crude Oil Boosted by Reports of Growing Compliance with Output Plan

US Indices Forecast
9 days ago

Stocks Fall Following Disappointing Trump Press Conference

European stock markets are under pressure, following on from losses in Asia and U.S. stock futures also heading south. Investors are disappointed that the first press conference of the incoming U.S. administration brought no real clarification of fiscal and economic policies and markets have returned to a wait and see mode, with risk aversion picking … Continue reading Stocks Fall Following Disappointing Trump Press Conference

10 days ago

Oil Recovers as Global Fears Recede

Gold prices continued to gain for one more day as the dollar weakened all across the board and this helped to push the gold prices towards 1200. We have been mentioning in our forecasts that once the gold prices reached 1180, it was a foregone conclusion that it would reach 1200 as well and that … Continue reading Oil Recovers as Global Fears Recede

Crude Oil Weekly
10 days ago

Crude Rises on Weaker Dollar; Saudis Cut Exports to Asia

The markets reacted in volatile fashion to Trump’s press conference and that was expected. After all, he hadn’t held one since he won the election in November. So while the price action may have been volatile on an intraday basis, when the dust settled, the major markets remained relatively unscathed. Crude Oil Trump’s comments may … Continue reading Crude Rises on Weaker Dollar; Saudis Cut Exports to Asia

FTSE 100 hits fresh highs
10 days ago

The Pound Drops to Test the October Lows Driving the FTSE to Fresh Highs

European yields are mixed with Gilts underperforming, while the FTSE 100 hits fresh highs, as Sterling lifts from recent lows against the EUR. Still, Gilt cash yields are down and the FTSE 100 continues to tests new highs while the DAX is at levels last seen in 2015 as oil prices rebound from lows and … Continue reading The Pound Drops to Test the October Lows Driving the FTSE to Fresh Highs

11 days ago

Gold Continues to Move Up But for How Long?

Gold prices continued to move higher, as has been the trend this week as the global risks continued to dominate the headlines across the markets. The market is a bit tense about the new administration taking over in the US as it does not know what to expect from him. It hopes that he is … Continue reading Gold Continues to Move Up But for How Long?

Load More