March 24, 2022 10:07 am
Futures on US West Texas Intermediate Crude Oil edged lower in another volatile trading session on Thursday, as investors weighed the possibility of new supply entering the market amid prospects of a new Iran deal and intensifying supply disruption concerns related to Russia-Ukraine military conflict. Yesterday White House national security adviser Jake Sullivan said the […]
Read moreMarch 11, 2022 9:33 am
Spot Gold was a notch weaker on Friday, pressured by higher US Treasury yields after red-hot CPI inflation numbers reported yesterday. US 10-year bond yields soared overnight after the latest report by the Bureau of Labor Statistics showed annual consumer price inflation had accelerated to 7.9% in February, in line with market expectations and also […]
Read moreMarch 10, 2022 9:34 am
Futures on US West Texas Intermediate Crude Oil rebounded on Thursday after an over 12% decline in the prior session, the biggest single-day drop since November, as market players were weighing if key oil producers would increase supply to fill the output gap stemming from sanctions on Russia after its incursion into Ukraine. Russia is […]
Read moreMarch 4, 2022 10:06 am
Spot Gold edged higher and the US Dollar advanced to highs unseen since June 2020 on Friday following reports of a Russian strike on a Ukraine nuclear power plant that further fueled concerns of energy shortages. Ukraine said that Russian military forces assaulted its Zaporizhzhia nuclear power plant earlier on Friday, while setting an adjacent […]
Read moreFebruary 25, 2022 9:47 am
Futures on US West Texas Intermediate Crude Oil eased from a fresh 91-month high on Friday, but were still poised for a sharp weekly advance due to fears over global supply disruptions stemming from trade sanctions on Russia after it assaulted neighboring Ukraine. Russia is the second-largest crude oil producer worldwide and a key provider […]
Read moreFebruary 18, 2022 9:08 am
Spot Gold eased from a fresh 36-week high on Friday, as prospects of a Russia-US meeting next week cooled demand for haven assets. However, the Ukraine standoff has put the metal on course for a third straight week of advance. Yesterday the yellow metal rose above the $1,900 mark for the first time since last […]
Read moreFebruary 17, 2022 9:10 am
Futures on US West Texas Intermediate Crude Oil recovered from a one-week low, registered earlier on Thursday, after a report by Russian state news agency RIA of mortar shelling in Ukraine. Separatists in eastern Ukraine, backed by Russia, accused Kyiv government forces on Thursday of opening fire on their territory four times in the past […]
Read moreFebruary 11, 2022 9:50 am
Spot Gold eased from recent two-week peak on Friday, as the US Dollar firmed and US Treasury yields rose above 2% for the first time in 2 1/2 years on expectations the Federal Reserve will probably raise interest rates in March in response to hot consumer inflation data. Annual CPI inflation in the United States […]
Read moreFebruary 10, 2022 10:21 am
Following a Wednesday rally on the back of a surprise US crude inventory drop, futures on US West Texas Intermediate Crude Oil were in consolidation mode on Thursday ahead of the outcome of US-Iran nuclear talks. A potential agreement could lift US sanctions on Iran’s oil and ease supply tightness worldwide. “The restoration of sanction […]
Read moreFebruary 4, 2022 10:06 am
Spot Gold edged higher on Friday as the US Dollar plummeted to a 2 1/2-week low ahead of the keenly anticipated US Non-Farm Payrolls data, which could affect the Federal Reserve’s hawkish policy stance. Last week the yellow metal registered a 1 1/2-month trough after the US central bank signaled a possible rate hike in […]
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