Crude Oil (CL) News, Page 1

  • Crude Oil
    11:07:46(GMT)|Real-Time Data
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      71.810 - 72.360
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  • gold and silver

    Precious Metals Continue to Move in Range Ahead of FOMC Update

    Investors are waiting for cues from the Fed and the Fed is expected to stay the course today, however, there is a chance for change in forwarding guidance as some believe that the fed could mention that the ongoing trade war between China and Canada could impact growth. The Fed

  • What to Expect From the Fed Meeting Today?

    The US Federal Reserve will be announcing their decision on interest rates and releasing the minutes of the FOMC meeting today at 18h00 GMT tomorrow. A 25-basis point hike is expected by economists and investors, with another hike in December also widely expected.Given that the rate decision is taken as

  • Trump v Powell: 2 Speeches to Hit the Dollar

    Earlier in the Day:Economic data released through the Asian session this morning was limited to August trade and September business confidence numbers out of New Zealand.For the Kiwi Dollar,The August trade deficit widened from a revised NZ$4,500m to $4,810m in August, year-on-year, and from a revised NZ$196m deficit to a

  • gold fed

    Precious Metals Trade Dovish Ahead of US Fed Rate Decision

    Gold held steady on Tuesday as investors were cautious ahead of a U.S. Federal Reserve meeting, which could offer direction on future interest rate hikes, while markets kept a close eye on developments on the Sino-U.S. trade front. Gold is glued to the $1,200 see-saw levels with some short positions

  • Gold Loses Luster as Sino-U.S Trade War Intensifies Amid Holiday Thin Market

    Gold edged lower on Monday as the dollar held firm on news that China has cancelled trade talks with the United States, while investors eyed this week’s U.S. Federal Reserve meeting for guidance on future rate hikes. Investors were focused on Sino-U.S. trade tensions, after China cancelled mid-level trade talks

  • Dollar Support Kicks in as Market Risk Appetite Sinks

    Earlier in the Day:There were no material stats released through the Asian session this morning, with China and Japan on holiday, leaving the markets to consider geo-political headwinds and key events and stats scheduled for the week, along with the rollout of tariffs on $200bn worth of Chinese goods later

  • geopolitics and the fed

    The Week Ahead – Geo-Politics and the FED to Drive the Markets

    On the MacroFor the Dollar, it’s a busy week ahead on the data front, key stats due out including September consumer confidence numbers on Monday, finalized 2nd quarter GDP numbers and August durable goods orders on Wednesday, with the FED’s preferred core PCE price index figures, personal spending numbers and

  • Crude Oil

    China Cancels Trade Meeting, OPEC May Raise Production by 500K

    Just when you thought it was safe to go back into the water, China dropped a potential bombshell late Friday when it canceled planned trade discussions with the United States as both sides escalate their dispute in the wake of a new round of tariffs imposed early last week.After President

  • Precious Metals Continue To Gain Ground on Weak US Greenback in Broad Market.

    Gold prices edged up on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, keeping the yellow metal on track for its first weekly gain in more four weeks. China’s measured response to new US tariffs earlier this week triggered hopes

  • Bull Market 1

    Dow Surges to All-Time High, Crude Dips After Trump Criticizes OPEC Policy

    The numbers are bullish on Thursday, but it doesn’t feel like a resumption of the bull market. Earlier today, the Dow Jones Industrial Average hit a new record high for the first time since late January. The S&P 500 Index also hit a new all-time high. The NASDAQ Composite also

  • 2008 Financial Crisis

    A Decade After the 2008 Financial Crisis: What has Changed? What has Remained the Same?

    The 2007-08 financial crisis was an event that undeniably had a major impact on the global economy. The crisis, which is believed to have been largely triggered by poor debt-keeping and dangerous mortgage practices, unleashed a tremendous series of rippling effects that affected both the world’s largest financial institutes as

  • gold

    Precious Metals Edge Up amid Low Demand for USD on Easing Trade War Woes

    Gold prices inched higher on Thursday as the dollar softened amid easing Sino-U.S. trade tensions, but investors remained cautious ahead of next week’s U.S. Federal Reserve policy meeting. The risk is sort of flattening, but that’s also taking the wind out of the safe-haven appeal of the U.S. dollar, however,

  • Gold

    Gold Price Edges up on Subdued Demand for USD in broad market

    Gold edged up in broad market on early Asian market hours as demand for US dollar decreased, with markets showing little worry over the latest escalation in the U.S.-China trade war. The news on tariffs did not help the U.S. dollar and parallel gold strength likely reflects the markets having

  • market growth

    Markets Reversed to Growth, Despite New Tariffs on China Import

    Trump’s administration announced the introduction of 10%-tariffs for Chinese imports to $200 billion. The news had a moderately negative impact on the markets. The dynamics are limited, as the information about these measures appeared on Monday, which took from MSCI about 1% on Monday. We see something like the traditional

  • gold

    Gold Falls on Sino-U.S Trade War Woes as US Announced Tariff on Chinese Goods

    Gold prices fell on Tuesday as investors sought safety in the U.S. dollar amid concerns of slowing global trade after the United States imposed a new round of tariffs on Chinese imports. U.S. President Donald Trump on Monday imposed 10 percent tariffs on about $200 billion worth of Chinese imports

  • xau

    Gold Edges Up On Trade War Woes but Firm Dollar Caps Gains

    Gold inched up on Monday as investors looked for short-term gains using the metal’s recent narrow trading range amid increasing Sino-U.S. trade tensions and prospects of further interest rate hikes by the U.S. Federal Reserve. Gold has held a $25 range for the past few weeks and could hold that

  • Risk Ahead Flight to Safety

    The Week Ahead – Trade, Brexit and Economic Data in Focus

    On the MacroFor the Dollar, economic data for the week ahead includes September NY State and Philly manufacturing PMI numbers due out on Monday and Thursday, August building permits, housing starts and existing home sales, due out on Wednesday and Thursday, with U.S September prelim private sector PMI figures due

  • Gold Bars and Dollar

    Gold, Crude Finish Week Higher Despite Rocky Two-Sided Trade

    U.S. West Texas Intermediate crude oil was one of the most active futures contracts last week. The market opened on Monday at $67.64, rallied to $70.89 by Wednesday then broke back to $67.79 on Friday before rebounding into the close.From the opening, the futures contract traveled up $3.25 then down

  • Gold Edges Up On Weak USD Owing to Disappointing US Macro Data

    Gold rose on Friday as the dollar faltered after softer-than-expected U.S. inflation data dimmed the case for a faster pace of policy tightening by the U.S. Federal Reserve, amid signs of movement in the Sino-U.S. trade standoff. U.S. consumer prices rose less than expected in August and underlying inflation pressures

  • Sept. Rate Hike Still On the Table, but Lower CPI Could Slow Pace of Future Fed Rate Hikes

    Weaker-than-expected U.S. consumer inflation data is helping to generate most of the activity in the markets on Thursday. This news is having an effect on U.S. Treasury yields which is helping to fuel a reaction in the U.S. equity and Forex markets. Forex traders are also reacting to central bank

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