August 25, 2022 8:21 am
Spot Gold rose on Thursday, mostly due to a pullback in the US Dollar, as investors awaited the Federal Reserve’s annual Jackson Hole, Wyoming symposium this week for guidance on future interest rate hikes. “Expectations of a hawkish message from FOMC Chair Powell at Jackson Hole will likely keep upward pressure on the US dollar […]
Read moreAugust 18, 2022 9:09 am
After an 1.8% gain in the prior trading day, futures on US West Texas Intermediate Crude Oil traded little changed on Thursday, as investors weighed a drop in US crude stocks against a surge in Russian oil output and global recession concerns. The official report by the US Energy Information Administration (EIA) showed on Wednesday […]
Read moreAugust 11, 2022 7:59 am
Having risen over 1% yesterday, futures on US West Texas Intermediate Crude Oil edged lower on Thursday, as investors weighed easing supply disruption concerns against proof of improving fuel demand. The official report by the US Energy Information Administration (EIA) showed on Wednesday gasoline inventories had decreased by 4.978 million barrels to 220.3 million barrels […]
Read moreAugust 4, 2022 7:42 am
Futures on US West Texas Intermediate Crude Oil hovered just above a fresh 23-week low on Thursday following an unexpected increase in US crude oil and gasoline stocks last week. The official report by the US Energy Information Administration (EIA) showed on Wednesday crude oil inventories had increased by 4.467 million barrels during the week […]
Read moreJuly 28, 2022 8:44 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading day on Thursday amid improved investor risk sentiment and following a large drop in US crude oil stocks last week. “Risk sentiment has recovered from recession fears due to the ongoing U.S. earnings optimism and less aggressive Fed rhetoric on rate […]
Read moreJuly 21, 2022 8:02 am
Futures on US West Texas Intermediate Crude Oil extended losses on Thursday as demand-related concerns overshadowed tight supply, with government data showing US gasoline stocks rising during the peak of the peak driving season. The official report by the US Energy Information Administration (EIA) showed on Wednesday gasoline inventories had increased by 3.498 million barrels […]
Read moreJuly 14, 2022 7:48 am
Futures on US West Texas Intermediate Crude Oil resumed their slide on Thursday, while hovering above a three-month trough, as markets were concerned a sizable Fed rate hike aimed to curb accelerating inflation would also hamper oil demand. The latest macro data showed US annual CPI inflation had reached a 40 1/2-year peak at 9.1% […]
Read moreJuly 7, 2022 8:41 am
Futures on US West Texas Intermediate Crude Oil regained some ground on Thursday after a sharp decline in the prior two trading days, as market players again turned their attention to tight supply despite global recession risks. Commodities and other risk-sensitive assets have been under pressure in recent weeks, as rising interest rates across the […]
Read moreJune 30, 2022 8:39 am
Futures on US West Texas Intermediate Crude Oil traded a notch higher in a volatile session on Thursday, as market players weighed US fuel inventory build and global supply disruptions. The official report by the US Energy Information Administration (EIA) showed on Wednesday crude oil inventories had decreased by 2.762 million barrels during the week […]
Read moreJune 23, 2022 8:42 am
Futures on US West Texas Intermediate Crude Oil extended losses from the prior trading day on Thursday, as market players reassessed recession risk and fuel demand amid rising interest rates in developed economies. “Oil markets remained under pressure as investors were concerned that U.S. rate hikes would stall an economic recovery and dampen fuel demand,” […]
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