February 3, 2022 10:22 am
Futures on US West Texas Intermediate Crude Oil eased from their recent near 88-month peak on Thursday, as investors took profits and after surprisingly weak US private sector employment data. Still, the market remained supported by tight supply, as major oil producers stuck to their plan to raise output at a moderate rate. Private payrolls […]
Read moreJanuary 27, 2022 10:23 am
Futures on US West Texas Intermediate Crude Oil eased from an 87 1/2-month peak on Thursday, as the US Dollar advanced to a fresh six-week high and US Treasury yields rose after the Federal Reserve signaled a March interest rate hike. The US Dollar Index, which reflects the relative strength of the greenback against a […]
Read moreJanuary 21, 2022 10:19 am
Spot Gold eased from recent two-month highs on Friday, but was still on track to register its second straight week of advance, as US Treasury yields continued to ease, while reducing the opportunity cost of holding the non-yielding metal. US 10-year government bond yields dropped for a third day to 1.788% on Friday, after surging […]
Read moreJanuary 20, 2022 10:24 am
Futures on US West Texas Intermediate Crude Oil eased from recent more than seven-year highs on Thursday, as market players took profits after a month-long price surge. Still, robust demand and short-term supply disruptions continued to provide certain support to the market. “The International Energy Agency said global oil demand is on track to hit […]
Read moreJanuary 14, 2022 10:27 am
Spot Gold was heading for its largest weekly advance since early November, while drawing support from a softer dollar and lower bond yields. Market players awaited the next set of US macro data due out later on Friday for more clues about the Federal Reserve’s tapering timeline. The US Dollar hovered just above a two-month […]
Read moreJanuary 13, 2022 10:10 am
Futures on US West Texas Intermediate Crude Oil eased from recent two-month peak on Thursday on demand uncertainty in the near term amid continuing surge in new Omicron infections around the world. Yesterday oil prices scaled highs unseen since mid-November after US crude oil stocks were reported to have dropped to their lowest level since […]
Read moreJanuary 7, 2022 11:25 am
Spot Gold was mostly steady on Friday and was heading for its steepest weekly loss since late November ahead of the keenly anticipated US Non-Farm Payrolls data, with the precious metal being pressured by higher Treasury yields. Benchmark US 10-year bond yields remained in proximity to highs not seen since March 2021, while increasing the […]
Read moreJanuary 6, 2022 10:36 am
Futures on US West Texas Intermediate Crude Oil eased from a fresh six-week peak on Thursday after the United States reported a larger-than-expected fuel inventory build. The official report by the US Energy Information Administration (EIA) showed on Wednesday gasoline inventories had increased by 10.128 million barrels during the week ended December 31st, or the […]
Read moreDecember 30, 2021 10:21 am
Futures on US West Texas Intermediate Crude Oil snapped a six-day streak of gains on Thursday, as China lowered the first batch of import quotas for 2022 to independent refiners by 11% below the comparable year-ago quota. Some analysts expressed concerns that the Chinese government could take stricter actions against refiners. US Crude Futures rose […]
Read moreDecember 17, 2021 10:12 am
Futures on US West Texas Intermediate Crude Oil retreated on Friday, following two straight trading sessions of gains, and were heading for a weekly loss on concerns the rapid spread of the Omicron coronavirus strain may lead to new restrictions that could affect fuel demand. In countries such as South Africa, the United Kingdom and […]
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