Commodities Updates

Welcome to our Community
Wanting to join the rest of our members? Feel free to sign up today.
Sign up

xResearch

Active Member
Apr 9, 2017
1,537
1
38
#11
Oil prices mixed in choppy trade, rising U.S. production weighs

Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely. Click here for more
 

xResearch

Active Member
Apr 9, 2017
1,537
1
38
#13
Aba Ali Habib Research
26 April 2017


Oil falls on bulging U.S. crude inventories, record global supplies

Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market. Click here for more
 

xResearch

Active Member
Apr 9, 2017
1,537
1
38
#14
Brent crude closes at 2017 low, erases gains since OPEC's cuts

Brent crude oil on Tuesday closed at its lowest level this year, erasing all of the gains since OPEC started to cut production, after breaking through a key technical support level. Click here for more
 

xResearch

Active Member
Apr 9, 2017
1,537
1
38
#15
Oil plunges to lowest level for five months amid global growth fears

Oil prices have fallen sharply along with other commodities as the prospect of slowing growth in the US and China blunts optimism about the global economy. Click here for more
 

xResearch

Active Member
Apr 9, 2017
1,537
1
38
#17
A Sobering Look At The Future Of Oil

The current discussion about the future of oil is how soon will it be before petroleum becomes a sunset industry. If it isn’t already. Flat or falling demand. Carbon taxes. Electric cars. Renewable energy. Oil has no future. It is only a matter of time, although how much time remains is subject to considerable discussion and debate. Various prognosticators put forth differing view about when world oil demand will peak. Some say as early as 2030, others much later. Nobody says never. Click here for more
 

xResearch

Active Member
Apr 9, 2017
1,537
1
38
#18
Oil prices rise on falling U.S. crude stocks, Saudi supply cut to Asia

Oil prices rose on Thursday, and Brent was firmly back over $50 per barrel, as a fall in U.S. crude inventories and a more severe than expected cut in Saudi supplies to Asia tightened the market. Click here for more
 

xResearch

Active Member
Apr 9, 2017
1,537
1
38
#19
Oil extends gains after tallying best day since December

Oil prices edged higher in European trading on Thursday, extending their biggest one-day jump since December after U.S. government data revealed the largest weekly decline in crude supplies so far this year.

The U.S. West Texas Intermediate crude June contract tacked on 46 cents, or around 1%, to $47.79 a barrel by 3:50AM ET (07:50GMT), after rising to a one-week high of $47.85 earlier.

The U.S. benchmark surged $1.45, or around 3.2%, on Wednesday.

Elsewhere, Brent oil for July delivery on the ICE Futures Exchange in London rose 48 cents to $50.70 a barrel. The global benchmark rallied $1.49 a day earlier.

https://www.investing.com/news/comm...after-tallying-best-day-since-december-482892
 

xResearch

Active Member
Apr 9, 2017
1,537
1
38
#20
U.S. Stocks Hit Records as Oil Rallies, Bonds Slip: Markets Wrap
  • Crude rises as Russia, Saudi Arabia favor longer output deal
  • S&P 500 climbs above 2,400 as dollar retreats fourth day
U.S. stock indexes rose to new highs as a rally in crude and dollar weakness sparked gains in commodities producers. Emerging-market assets jumped and Treasuries slid.

The S&P 500 Index and Nasdaq Composite Index set records as energy, financial and materials shares paced the gains. West Texas Intermediate crude added 2 percent after Saudi Arabia and Russia said they’d extend a production-cut deal longer than expected. The South African rand, Mexican peso, Brazilian real and Canadian dollar were among the best performing major currencies.

https://www.bloomberg.com/news/arti...-hit-from-economic-data-missiles-markets-wrap