February 10, 2023 9:13 am
Futures on US West Texas Intermediate Crude Oil looked set to register their first weekly gain in three, as market players were still weighing US recession risks against optimism over a sound fuel demand recovery in the world’s largest oil importer, China. The latest data by the US Labor Department seemed to have reignited recession […]
Read moreFebruary 3, 2023 9:56 am
Spot Gold was mostly steady on Friday, after retreating almost 2% in the prior trading day, as market players were mulling interest rate hike moves by major central banks. Yet, the precious metal looked set to register its first weekly decline in seven weeks, as the US Dollar remained firm. “With gold prices delivering a […]
Read moreJanuary 27, 2023 10:05 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading session on Friday, supported by faster-than-anticipated US GDP growth and optimism over a swift recovery in China’s fuel demand as COVID-19 infections and deaths in the country significantly decreased from recent peak levels. The latest preliminary data by the US Bureau […]
Read moreJanuary 20, 2023 9:03 am
Spot Gold looked set to register its fifth consecutive week of gains and traded near a nine-month peak on hopes the Federal Reserve may slow the pace of interest rate hikes. “Fed policy calibration thematic amid signs of more entrenched disinflation pressures is a key factor underpinning gold strength,” OCBC FX strategist Christopher Wong was […]
Read moreJanuary 13, 2023 8:48 am
Futures on US West Texas Intermediate Crude Oil looked set to register a solid weekly gain, supported by demand growth hopes in China and expectations of smaller interest rate hikes in the United States. Recent crude purchases by world’s largest oil importer China and an increase in road traffic added to optimism over demand recovery […]
Read moreJanuary 6, 2023 9:03 am
Spot Gold edged up on Friday and looked set to register a third consecutive week of advance ahead of the keenly anticipated US Non-Farm Payrolls data due out at 13:30 GMT. Employers in all sectors of the US economy, excluding farming, probably added 200,000 job positions in December, according to market consensus, following a job […]
Read moreDecember 29, 2022 10:13 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior two trading days on Thursday, as spiking new COVID-19 infections in China dampened fuel demand outlook for the biggest oil importer globally. The scale of the latest COVID outbreak across the Asian nation caused some countries to put in place new travel […]
Read moreDecember 12, 2022 10:08 am
Futures on US West Texas Intermediate Crude Oil swung between small gains and losses on Monday, as a major pipeline that supplies the United States was still not operational, while Russia threatened to reduce production as a counter move against the imposed price cap on its oil exports. Canada’s TC Energy Corp said over the […]
Read moreDecember 2, 2022 9:35 am
Spot Gold was set to register its best weekly performance in three weeks, as the US Dollar eased on expectations of slower rate hikes by the Federal Reserve. The US Dollar Index was set for a weekly loss of 1.5%, as expectations that a peak in interest rates could be near weighed on its demand. […]
Read moreNovember 25, 2022 11:04 am
Futures on US West Texas Intermediate Crude Oil rose 2% on Friday, as investors were weighing concerns over China demand and developments surrounding a Western price cap on Russian oil. According to Virendra Chauhan, head APAC analyst at Energy Aspects, concerns over Chinese oil demand, thin market liquidity as well as assessments over how severe […]
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