United States Oil (USO) lower amid lingering uncertainty on whether the United States and China will agree a long-awaited deal to end their bitter trade dispute

United States Oil (USO) lower amid lingering uncertainty on whether the United States and China will agree a long-awaited deal to end their bitter trade dispute

United States Oil (USO) lower amid lingering uncertainty on whether the United States and China will agree a long-awaited deal to end their bitter trade dispute Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom […]

United States Oil (USO) lower after U.S. government data revealed that domestic crude supplies rose for a second week in a row

United States Oil (USO) lower after U.S. government data revealed that domestic crude supplies rose for a second week in a row

United States Oil (USO) lower after U.S. government data revealed that domestic crude supplies rose for a second week in a row Oil futures finished lower on Wednesday after U.S. government data revealed that domestic crude supplies rose for a second week in a row, by nearly 8 million barrels. The build of 7.9 million […]

United States Oil (USO) investors focus on data from the Energy Information Administration due out today

United States Oil (USO) investors focus on data from the Energy Information Administration due out today

United States Oil (USO) investors focus on data from the Energy Information Administration due out today Brent crude futures were at $62.60 a barrel by 0330 GMT, down 36 cents, or 0.6%. Brent settled up 1.3% on Tuesday. U.S. West Texas Intermediate (WTI) crude futures fell 29 cents, or 0.5%, to $56.94 per barrel, having […]

United States Oil (USO) on U.S.-China hopes, improved demand outlook

United States Oil (USO) on U.S.-China hopes, improved demand outlook

United States Oil (USO) on U.S.-China hopes, improved demand outlook Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month. Brent crude futures gained 47 cents to settle at $62.17 a barrel. US West Texas […]

United States Oil (USO) production continues to soar despite the falling oil rig count

United States Oil (USO) production continues to soar despite the falling oil rig count

United States Oil (USO) production continues to soar despite the falling oil rig count Crude oil futures were lower in mid-morning trade in Asia Monday, retracing gains from last Friday after US crude production was reported to have hit a fresh record high of 12.4 million b/d. “US crude oil production continued to soar despite […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

$DIA, $SPY, $QQQ, $RUTX, $VXX Risk is on, sidelined money coming back in. The earnings news is providing its share of trading catalysts, but the macro news is mattering more as a market driver because the macro connection with the employment report is that it suggests future earnings news may be better than expected. The […]

United States Oil (USO) still heading for losses of about 4%, hit by a combination of rising global supply and uncertain future demand

United States Oil (USO) still heading for losses of about 4%, hit by a combination of rising global supply and uncertain future demand

United States Oil (USO) still heading for losses of about 4%, hit by a combination of rising global supply and uncertain future demand Oil prices edged up on Friday after a difficult week, but were still headed for losses of about 4%, hit by a combination of rising global supply and uncertain future demand. U.S. […]

United States Oil (USO) extending losses after a surge in U.S. inventories surprised investors

United States Oil (USO)  extending losses after a surge in U.S. inventories surprised investors

United States Oil (USO) extending losses after a surge in U.S. inventories surprised investors Oil prices fell for a fourth day on Wednesday, extending losses after a surge in U.S. inventories surprised investors, overshadowing an interest rate cut by the Federal Reserve. Brent crude futures were down 6 cents at $60.55 a barrel by 0033 […]

United States Oil (USO) traders revive fears about sluggish demand amid the thought of more abundant supplies

United States Oil (USO) traders revive fears about sluggish demand amid the thought of more abundant supplies

United States Oil (USO) traders revive fears about sluggish demand amid the thought of more abundant supplies Oil prices slipped on Wednesday, with U.S. crude falling for a third day after an industry report that stocks at the Cushing delivery hub for the benchmark rose last week, shrugging off a drop in overall inventories. Brent […]

United States Oil (USO) prices slightly lower as investors awaited U.S. crude inventory data for a pointer on oil demand trends

United States Oil (USO) prices slightly lower as investors awaited U.S. crude inventory data for a pointer on oil demand trends

United States Oil (USO) prices slightly lower as investors awaited U.S. crude inventory data for a pointer on oil demand trends Oil prices slipped on Tuesday as investors awaited U.S. crude inventory data for a pointer on oil demand trends, while concerns about slower economic growth overshadowed signs of a thawing in the trade war […]

United States Oil (USO) Don’t Bet on a Rally Just Yet

United States Oil (USO) Don’t Bet on a Rally Just Yet

United States Oil (USO) Don’t Bet on a Rally Just Yet Oil bulls are rebuilding their positions, but it will probably take some major news to shake the market out of its current mood and trigger a sustained rally. Money managers boosted their net-long position on West Texas Intermediate crude for the first time since […]

Gold Behaves More as a Currency Than a Commodity

Gold Behaves More as a Currency Than a Commodity

$XAU $GLD Gold is often included into commodities, as gold is a metal. And just like other raw materials, it is used in the production of manufactured goods. But gold is much more than that. According to the recent report published by World Gold Council (WGC) there are 6 features which differentiate gold from other […]

United States Oil (USO) further market-supporting action by Opec and its allies offset some concern over the outlook for demand

United States Oil (USO) further market-supporting action by Opec and its allies offset some concern over the outlook for demand

United States Oil (USO) further market-supporting action by Opec and its allies offset some concern over the outlook for demand Oil prices extended their gains on Thursday, with Brent rising above US$61 a barrel as a surprise drop in US crude inventories and the prospect of further market-supporting action by Opec and its allies offset […]

United States Oil (USO) prices mark highest finish in a month as U.S. supplies post surprise weekly drop

United States Oil (USO) prices mark highest finish in a month as U.S. supplies post surprise weekly drop

United States Oil (USO) prices mark highest finish in a month as U.S. supplies post surprise weekly drop Oil futures marked their highest finish in about a month on Wednesday, after a U.S. government report showed an unexpected weekly decline in U.S. crude supplies — the first in six weeks. With refiners set to ramp […]

United States Oil (USO) prices rose overnight after the Chinese government signalled that progress had been made in trade talks

United States Oil (USO) prices rose overnight after the Chinese government signalled that progress had been made in trade talks

United States Oil (USO) prices rose overnight after the Chinese government signalled that progress had been made in trade talks Oil prices rose overnight after the Chinese government signalled that progress had been made in trade talks with the United States but crude’s gains were capped by forecasts of a build up in US stockpiles. […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Steady, USD Up, Crude Oil Flat, Stocks Off Headlines Asia shares slip on BREXIT snag Crude Oil prices fell after data showed US stocks rose more than expected last week. Gold holds steady, as technical buying gives support Gold: Gold prices were largely unchanged Wednesday, as investors awaited more clarity on […]

United States Oil (USO) fell after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon

United States Oil (USO) fell after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon

United States Oil (USO) fell after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon Oil prices fell nearly 1% on Monday after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon, feeding worries that a slowing global economy would reduce […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Steady, USD Up, Crude Oil Flat, Stocks Up Headlines Crude Oil prices were little changed Tuesday Gold prices steady as US-China trade optimism sparks market cheer Investors await FOMC meeting at the end of the month Gold: Gold was muted Tuesday, weighed down by buoyant Asian shares that cheered […]

United States Oil (USO) prices dragged lower by sluggish demand, supply outlooks

United States Oil (USO) prices dragged lower by sluggish demand, supply outlooks

United States Oil (USO) prices dragged lower by sluggish demand, supply outlooks Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month. Global benchmark Brent crude oil futures LCOc1 fell by 14 cents, or […]

United States Oil (USO) rises, supported by US fuel stock draws but weighed by crude build

United States Oil (USO) rises, supported by US fuel stock draws but weighed by crude build

United States Oil (USO) rises, supported by US fuel stock draws but weighed by crude build Oil prices rose about 1 per cent on Thursday after draws in US fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures. Global benchmark Brent crude rose 49 […]

United States Oil (USO) eased after industry data showed a larger-than-expected build-up in stocks in the United States

United States Oil (USO) eased after industry data showed a larger-than-expected build-up in stocks in the United States

United States Oil (USO) eased after industry data showed a larger-than-expected build-up in stocks in the United States Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by U.S. Treasury Secretary Steven Mnuchin on a U.S.-China trade deal. Global benchmark […]

United States Oil (USO) fell following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal

United States Oil (USO) fell following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal

United States Oil (USO) fell following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a […]

United States Oil (USO) fell as a lack of details about the first phase of a trade deal between the United States and China undercut optimism

United States Oil (USO) fell as a lack of details about the first phase of a trade deal between the United States and China undercut optimism

United States Oil (USO) fell as a lack of details about the first phase of a trade deal between the United States and China undercut optimism Oil prices fell sharply on Monday as a lack of details about the first phase of a trade deal between the United States and China undercut optimism over a […]

Oil, Iran top agenda as Putin visits Saudi Arabia

Oil, Iran top agenda as Putin visits Saudi Arabia

Russian President Vladimir Putin will visit Saudi Arabia on Monday, where he is set to seal oil agreements as well as use his influence to defuse rising tensions in the Gulf. The meeting with King Salman and Crown Prince Mohammed bin Salman comes following attacks on Saudi oil installations that Riyadh and the US have […]

United States Oil (USO) prices ease on scant details of U.S.-China trade deal

United States Oil (USO) prices ease on scant details of U.S.-China trade deal

United States Oil (USO) prices ease on scant details of U.S.-China trade deal Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over the thaw that helped to lift crude markets by 2%. Brent crude futures LCOc1 edged […]

OPEC oil production drops after attacks on Saudi installations

OPEC oil production drops after attacks on Saudi installations

The OPEC oil cartel saw its crude production fall in September, mostly due to production falling in Saudi Arabia following attacks on its oil infrastructure, according to its monthly oil report released on Thursday. The Organization for the Petroleum Exporting Countries said its production fell to an average of 28.49 million barrels per day (mbd) […]

United States Oil (USO) currently driven by sentiment rather than the real fundamentals

United States Oil (USO) currently driven by sentiment rather than the real fundamentals

United States Oil (USO) currently driven by sentiment rather than the real fundamentals Oil prices are not going anywhere, at least until this time next year. Brent Crude will still trade range-bound in the $50s a year from now, the heads of the world’s largest independent oil and commodity trading groups said on Wednesday. The […]

United States Oil (USO) settles with a loss as Fed minutes raise economic worries

United States Oil (USO) settles with a loss as Fed minutes raise economic worries

United States Oil (USO) settles with a loss as Fed minutes raise economic worries U.S. oil futures settled slightly lower Wednesday, giving up earlier gains, as minutes from the Federal Reserve’s September meeting raised worries about the economy and government data revealed a fourth straight rise in domestic crude supplies. Prices had moved higher earlier […]

United States Oil (USO) slipped as tensions escalated between the United States and China

United States Oil (USO) slipped as tensions escalated between the United States and China

United States Oil (USO) slipped as tensions escalated between the United States and China Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the United States and China prior to this week’s trade talks, raising uncertainties for global economic growth and oil demand. U.S. industry data showing a bigger-than-expected rise […]

United States Oil (USO) erases earlier gains, to finish lower as demand worries prevail

United States Oil (USO) erases earlier gains, to finish lower as demand worries prevail

United States Oil (USO) erases earlier gains, to finish lower as demand worries prevail Oil futures give up earlier gains on Monday to finish with a modest losses, pressured by prevailing worries over energy demand ahead of U.S.-China trade talks later this week, despite a monthly drop in OPEC output. Traders are gearing up for […]

United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand

United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand

United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the U.S.-China […]

United States Oil (USO) edges higher but on track for big weekly loss

United States Oil (USO) edges higher but on track for big weekly loss

United States Oil (USO) edges higher but on track for big weekly loss Oil futures edged higher on Friday but were on track for a large weekly loss on fears that slower global economic growth will hurt fuel demand, while Saudi Arabia said it has fully restored oil output after recent attacks. Brent crude oil futures […]

United States Oil (USO) drops to 2-month low on economic woes

United States Oil (USO) drops to 2-month low on economic woes

United States Oil (USO) drops to 2-month low on economic woes Oil futures declined, with U.S. and global benchmark prices logging their lowest finish in about two months, as downbeat economic data weighed on prospects for energy demand, and domestic crude stockpiles registered a third straight weekly climb. The U.S. added a modest 135,000 private-sector […]

United States Oil (USO) slipped pressured as weak US economic data dimmed crude’s demand outlook

United States Oil (USO) slipped pressured as weak US economic data dimmed crude’s demand outlook

United States Oil (USO) slipped pressured as weak US economic data dimmed crude’s demand outlook Oil prices slipped on Tuesday, pressured as weak US economic data dimmed crude’s demand outlook, while reports of an output decline from the world’s largest oil producers in the third quarter kept prices from falling further. Brent crude futures lost […]

United States Oil (USO) prices rebound on lower output from US, Russia, OPEC

United States Oil (USO) prices rebound on lower output from US, Russia, OPEC

United States Oil (USO) prices rebound on lower output from US, Russia, OPEC Oil prices rebounded in early Asian trade on Tuesday after production at the world’s largest oil producers fell in the third quarter, although demand concerns continued to keep a keep a lid on prices. December Brent crude futures rose 44 cents, or 0.7% to […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Off, USD Up, Crude Oil Up, Stocks Firm Headlines Crude Oil prices recover after output from US, Russia, OPEC fall Asian shares firm as investors stay hopeful on US-China disputes Gold fell to a 2 month low on the back of a strong Buck, last trading at $1,468.50 oz. Gold: […]

US Stocks Advanced for 3rd Quarter Running

US Stocks Advanced for 3rd Quarter Running

$DIA, $SPY, $QQQ, $RUTX, $USD, $USO, $GLD, $XAU, $VXX US stocks advanced for the 3rd Quarter running, as investors weighed the latest turns in the trade dispute between the world’s 2 largest economies. The USD rose and Treasuries moved higher. Tech drove the rise after The Trump Administration partially refuted a report it would target […]

United States Oil (USO) Prices Fall On Onslaught Of Bearish News

United States Oil (USO) Prices Fall On Onslaught Of Bearish News

United States Oil (USO) Prices Fall On Onslaught Of Bearish News Oil prices fell sharply on Friday on easing tensions in the Middle East after a rather surprising turn of events. Saudi Arabia is implementing a partial cease-fire in Yemen, rumors surfaced that the U.S. is considering easing sanctions on Iran, and Saudi Arabia is […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Dips, USD Little Changed, Crude Oil Off, Stocks Flat Headlines Asian shares mostly flat to unchanged Major currencies were little changed in early trade Crude Oil shares fall on potential limit on China investments Gold prices dip as fears of widening trade war ease Gold: Gold prices dip as fears of widening trade war ease […]

United States Oil (USO) trims losses

United States Oil (USO) trims losses

United States Oil (USO) trims losses U.S. oil prices trimmed their losses on Thursday and global benchmark prices finished higher, as the Pentagon announced that it would deploy equipment and personnel in support of Saudi Arabia following attacks on its oil facilities earlier this month. Oil futures had suffered from steeper declines for much of […]

United States Oil (USO) finishes lower as U.S. supplies rise a second straight week

United States Oil (USO) finishes lower as U.S. supplies rise a second straight week

United States Oil (USO) finishes lower as U.S. supplies rise a second straight week Oil futures finished with a loss on Wednesday as U.S. government data revealed a second weekly climb in domestic crude inventories. Also weighing on prices were news reports saying Saudi Arabia had restored most of crude production capacity, recovering from attacks […]

United States Oil (USO) fell as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled

United States Oil (USO) fell as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled

United States Oil (USO) fell as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled Oil prices fell 2% on Tuesday as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled amid ongoing negotiations, a grim sign for oil demand growth. Trump sharply […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Off Headlines Asian stocks rattled, seeing Trump impeachment bid raises new risks Gold steady as President Trump’s impeachment inquiry stokes risk-off mood Crude Oil futures declined on concerns of political uncertainty and US-China trade Gold:  Gold prices were trading steady Wednesday, just below a nearly 3-wk high hit […]

United States Oil (USO) Middle East Tensions Lift Prices

United States Oil (USO) Middle East Tensions Lift Prices

United States Oil (USO) Middle East Tensions Lift Prices Oil prices are currently trending higher owing to rising Middle East tensions and an attack on Saudi oil facility that led to a disruption in the global supply of crude. The coordinated drone strikes on key Saudi oil facilities have removed nearly 5% of global supplies, […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Up, Crude Oil Off, Stocks Up Headlines Crude Oil falls as focus shifts from Saudi supply to global demand concerns Global stocks up on trade hopes, growth fears temper gains Gold steady below 2-week peak but trade talk hopes weigh Gold: Gold prices are steady Tuesday, having risen to a more than […]

United States Oil (USO) rallies on MidEast tensions, stocks weighed by trade remarks

United States Oil (USO) rallies on MidEast tensions, stocks weighed by trade remarks

United States Oil (USO) rallies on MidEast tensions, stocks weighed by trade remarks Oil prices rallied Monday after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mostly down as Donald Trump said he did not want a partial trade deal with China. While a […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Lower, USD Up, Crude Oil Up, Stocks Off Headlines Crude Oil gains more than 1% on Saudi supply doubt China, Hong Kong stocks fall on US-China trade deal uncertainty Gold prices edge lower, as Palladium marks record high Gold: Gold prices lowed Monday, as equities gained after the US Trade Representative described last week’s US-China […]

United States Oil (USO) prices rise supported by supply risks brought about by the drone attacks on Saudi oil infrastructure

United States Oil (USO) prices rise supported by supply risks brought about by the drone attacks on Saudi oil infrastructure

United States Oil (USO) prices rise supported by supply risks brought about by the drone attacks on Saudi oil infrastructure Oil prices rose slightly on Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S. interest rates. Brent crude futures gained 72 cents to $64.33 […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Up, USD Soft, Crude Oil Up, Stocks Up Headlines US-Chinese trade deputies face-off in Washington Asia’s economic hopes support shares Crude Oil edges up on Mideast tensions Gold up as softer USD and Gulf tensions support Gold: Gold prices up Friday and were headed for their 1st weekly gainer in 4-5, supported by a softer […]

United States Oil (USO) futures extend losses to a second session

United States Oil (USO) futures extend losses to a second session

United States Oil (USO) futures extend losses to a second session Oil futures fell on Wednesday, after suffering a loss of nearly 6% a day earlier, pressured as Saudi Arabia’s output levels looked to recover much sooner than expected and the U.S. government reported a weekly rise in domestic crude inventories, following four consecutive weeks of […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Flat, USD Firm, Crude Oil Up, Stocks Down Headlines Gold flat to little changed after Fed outlook disappoints Asian shares lower on guarded Fed Crude Oil prices settle after turbulent week, Saudi reassures on output Gold: Gold prices were little changed Thursday after declining up to 1% in Wednesday, as lack of clarity on the […]

United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents

United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents

United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents Gas prices already are rising after an attack badly damaged two oil facilities in Saudi Arabia over the weekend, disrupting world oil supplies and sending crude oil prices up 15% on Monday. The average national gasoline price in the U.S. […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Firm, Crude Oil Off, Stocks Steady to Up Headlines USD holds firm, -0.03% to 98.288. Crude Oil jitters ease Gold prices steady in cautious mood China stocks rise ahead of expected Fed rate cut Gold:  Gold prices were little changed Wednesday as investors maintained a cautious stance ahead of the conclusion of FOMC […]

Wall Street Nears Record Highs Ahead of FOMC Policy Announcement

Wall Street Nears Record Highs Ahead of FOMC Policy Announcement

$DIA, $SPY, $QQQ, $RUTX, $$USO, $XAU, $GLD, $VXX S&P 500 closed higher in front of FOMC interest rate decision Wednesday 9 of the 11 S&P 500 sectors finished higher, led by the real estate (+1.4%), utilities (+0.9%), and materials (+0.7%) sectors. The energy (-1.5%) and industrials (-0.04%) sectors were the sectors to finish in the […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

FLASH: Gold Steady, USD Flat, Crude Oil Off, Stocks Cautious Headlines Crude Oil pares gains Middle East risks keep stocks in caution mode Gold prices little changed as markets eye Fed outlook Gold: Gold traded steady Tuesday as traders stayed on the sidelines ahead of a widely expected rate cut by the Fed on Wednesday. Spot gold was […]

United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view

United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view

United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view Oil prices dipped Tuesday but held most of the previous day’s record gains following an attack on Saudi facilities that wiped out half the country’s output, with traders nervously awaiting the US response after it said Iran was likely to […]

What Will the Attack on Saudi Crude Oil Facilities Mean for Consumers?

What Will the Attack on Saudi Crude Oil Facilities Mean for Consumers?

$DIA, $SPY, $QQQ, $RUTX, $OIL, $USO, $VXX Wall Street closed lower, Crude Oil prices spiked after attack in Saudi Arabia The attack knocked about 5.7-M BPD out of production, leading to the biggest 1-day gainer in WTI Crude Oil ($62.88/bbl, +$8.00, +14.6%) since Y 2008. Saudi Arabia expected to restore about 33% of lost production […]

United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption

United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption

United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable short interest, including Apache Corp., Continental Resources […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Spikes, Stocks Off Headlines Crude Oil spikes after Saudi facility attacks, weak China data hits shares President Trump said the US is “locked & loaded” for a potential response to the attack on Saudi Arabia’s Crude Oil production facilities Gold rallies as […]

United States Oil (USO) lower as optimism over an end to the US-China trade war faded

United States Oil (USO) lower as optimism over an end to the US-China trade war faded

United States Oil (USO) lower as optimism over an end to the US-China trade war faded Oil futures fell on Friday as optimism over an end to the US-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Brent crude was down 17 cents, or 0.3 per cent, at […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Off, Stocks Up Headlines Asian shares advance on US-China trade progress, ECB easing Crude Oil off on global demand worries despite hopes on trade talks Hong Kong gold market losing shine due to political unrest Gold dips as trade hopes fuel risk […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat, Crude Oil Up, Stocks Up Headlines Bears ease grip on most Asian currencies as trade worries fade Asian stocks at 6-wk highs as trade dispute gloom lifts before ECB meet Crude Oil gains on hopes for US-China trade dispute thaw Gold slips as trade […]

United States Oil (USO) lower squeezed by speculation of sanctions-hit Iranian crude returning to the market

United States Oil (USO) lower  squeezed by speculation of sanctions-hit Iranian crude returning to the market

United States Oil (USO) lower squeezed by speculation of sanctions-hit Iranian crude returning to the market Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast. Brent crude futures rose 51 cents, or 0.6%, to […]

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

Asia: Gold, Crude Oil, Stocks, Commodities and Currency Pairs

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Firm Headlines Crude Oil prices up after bigger-than-expected fall in Us stockpiles Rising bond yields support value stocks ahead of central bank meetings Gold prices snap 4-day losing streak and focus on ECB meet USD steady as traders await Thursday’s […]

Canadian Dollar: USD/CAD (CAD=X) dollar is in demand Supported by Oil

Canadian Dollar: USD/CAD (CAD=X) dollar is in demand Supported by Oil

Canadian Dollar: USD/CAD (CAD=X) dollar is in demand Supported by Oil The Canadian dollar is in demand. A steep rally in West Texas Intermediate (WTI) oil prices since the end of August has contributed to the positive bias in the domestic currency. Yesterday, Saudi Arabia’s new oil minister suggested that the Organization of the Petroleum […]

United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts

United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts

United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts Oil futures rose Monday, marking their highest settlement in almost six weeks, after Saudi Arabia’s new energy minister signaled a continued commitment to production curbs. West Texas Intermediate crude for October delivery CLV19, +0.40%  rose $1.33, or 2.4%, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Off Headlines Crude Oil hits 6-wk highs on hopes of extended OPEC output cuts Asian stocks mostly weaker on steep Chinese factory price declines Gold hits 4-wk low as stimulus hopes, trade optimism boost risk-on mode JPY, CHF fall as […]

United States Oil (USO) rises as Saudi Arabia signals OPEC cuts to continue under new energy minister

United States Oil (USO) rises as Saudi Arabia signals OPEC cuts to continue under new energy minister

United States Oil (USO) rises as Saudi Arabia signals OPEC cuts to continue under new energy minister Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by OPEC and other producers to prop up prices under new Energy Minister Prince Abdulaziz bin Salman. Prices […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Flat Crude Oil Up, Stocks Up Headlines Asia stocks gain as soft data lift stimulus hopes Crude Oil rises as Saudi Arabia signals OPEC cuts to continue Gold inches higher, improved risk appetite caps gains USD was capped as US yields came off 2-week highs […]

Gold, Silver and Crude Oil are in the Headlights

Gold, Silver and Crude Oil are in the Headlights

$XAU, $XAG, $OIL, $GLD, $SLV, $USO, $USD Gold: The precious Yellow metal suffered its biggest daily loss in nearly 3 years last Thursday, shedding over $40 due to the risk-on mood and positive data from the United States. While Gold is positioned for more punishment in the near term, the Southside will be capped by global growth […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Flat Crude Oil Up, Stocks Up Headlines Crude Oil rises, set for weekly gainer Asia shares rise on trade disputes hopes .DXY Vs a basket of 6 peer currencies was little changed Investors took profits in gold Thursday Gold: Gold retreated Thursday as investors booked […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up Crude Oil Up, Stocks Up Headlines Crude Oil prices rise after US confirms trade talks with China to re-start. Gold eases as equities gain on BREXIT, Hong Kong progress. Asian shares up as BREXIT, Hong Kong progress lifts sentiment. Trade talk plans cheer […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Steady, Crude Oil Up, Stocks Up Headlines Crude Oil prices recover some, but economic concerns weigh Asia stocks bounce, Chinese lead Gold, silver surge after weak US data compounds slowdown fears USD is being seen as a safe-haven asset Gold: Gold rose more than 1% Tuesday […]

France explores a credit line for Iran

France explores a credit line for Iran

France has proposed to extend to Iran a credit line of US$15 billion for oil “pre-purchases” in exchange for full compliance with the nuclear deal. According to conservative lawmaker Ali Motahari, the plan was negotiated during phone discussions between France’s President Emmanuel Macron and Iranian President Hassan Rouhani, and a recent meeting between Macron and Iran’s Foreign […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Eases , USD Up, Crude Oil Mixed, Stocks Off Headlines Crude Oil prices mixed as market eyes trade dispute Gold prices ease as firmer USD weighs Stocks hurt by trade tensions USD up, GBP hurt by BREXIT uncertainty Gold: Gold prices fell Tuesday as USD gained, making the […]

Florida Counties Order Evacuations For Hurricane Dorian leads to gasoline crisis

Florida Counties Order Evacuations For Hurricane Dorian leads to gasoline crisis

Hurricane Dorian is rapidly approaching the coast of Florida, forcing people to scramble for fuel and stockpile supplies. Florida Governor Ron DeSantis said that there was a fuel shortage across the state as millions of people fueled up and embarked upon a long exodus up the peninsula. “We, in the emergency declaration, waived service and truck […]

United States Oil (USO) benchmark ends at a more than 2-week high after a big fall in crude inventories

United States Oil (USO) benchmark ends at a more than 2-week high after a big fall in crude inventories

Oil futures found support Thursday as Beijing moved to tamp down fears of an immediate escalation of the U.S.-China trade war, allowing the U.S. crude benchmark to mark its highest settlement in more than two weeks. The move comes a day after U.S. government data revealed an unexpectedly large drop in domestic crude inventories. Natural-gas […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil set for biggest weekly gainer since July JPY is the best performer among major currencies this month, rising 2.2% so far. Asian shares at 1-week highs Gold: Gold extended losses Friday and was set to […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up , USD Flat, Crude Oil Off, Stocks Off Headlines Crude Oil prices drop on concern over US economy Bonds reign supreme, equities struggle on recession, BREXIT fears Gold prices marked gains Thursday against the backdrop of recession fears USD flat to unchanged Gold: The precious metal markets […]

United States Oil (USO) Rally Peters Out as Demand Concerns Counter Inventory Draws

United States Oil (USO) Rally Peters Out as Demand Concerns Counter Inventory Draws

United States Oil (USO) Rally Peters Out as Demand Concerns Counter Inventory Draws Oil rose to a one-week high on signs that OPEC supply cuts are draining U.S. oil inventories, before running out of steam amid ongoing concerns that trade disputes will curb demand growth. Futures in New York advanced as much as 3.3% just […]

OPEC+ boasts 159% compliance with United States Oil (USO) production cuts

OPEC+ boasts 159% compliance with United States Oil (USO) production cuts

OPEC+ boasts 159% compliance with United States Oil (USO) production cuts The OPEC+ coalition of producers achieved in July a compliance rate of 159 percent with the oil production cuts which the partners extended last month into March 2020 in their efforts to erase the glut and prop up oil prices. The Joint Ministerial Monitoring […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off , USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil gains, led by US WTI Crude, recession worries ease JPY stands tall Gold dips, but near 6-yr highs on rate cut hopes, trade fears Asian stocks post modest gains on Wall Street futures Gold:  Gold […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Flat, USD Off, Crude Oil Up, Stocks Up Headlines JPY rises as traders temper optimism over US-China trade deal Asia stocks climb as trade war fears ebb Crude Oil up as US-China trade comments calm markets Gold little changed as traders seek clarity Gold: Gold prices were largely […]

President Trump is Not Willing to Risk US Energy Wealth for “Windmill Dreams”

President Trump is Not Willing to Risk US Energy Wealth for “Windmill Dreams”

$USO $OIL President Trump rejected the theory that a source of electricity, wind power is efficient, saying it does not work “all that well.” “We’re the No. 1 energy producer in the world,” President Trump said at the end of this G-7 Summit in Biarritz, France. “I’m not going to lose that wealth on dreams, […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Up, Crude Oil Off, Stocks Off Just in: Chinese Vice Premier Liu He said Monday that China is willing to resolve its trade dispute with the US through calm negotiations and resolutely opposes the escalation of the conflict. China’s Top trade negotiator, was speaking at […]

United States Oil (USO) weakened as worries about the global economy weighed

United States Oil (USO) weakened as worries about the global economy weighed

United States Oil (USO) weakened as worries about the global economy weighed Oil prices weakened on Thursday as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S. interest rate cuts left investors on edge. Traders are awaiting a speech from Federal Reserve Chair Jerome Powell […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Off, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines USD steps up before Powell, Kiwi jumps on […]

United States Oil (USO) to Remain Range-Bound

United States Oil (USO) to Remain Range-Bound

United States Oil (USO) to Remain Range-Bound WTI Crude Oil prices were trading flat on Wednesday. The US Energy Information Administration (EIA) report showed that the crude oil inventory fell by 2.7 million barrels for the week ending August 16. This was the first decline in inventory in the past three weeks. The build-up comes […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Flat Note: Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a G-7 Summit this weekend for clues on what additional steps policymakers will take to bolster growth. Headlines Crude Oil dips on economic concerns after US […]

Oil Prices Fluctuate In Azerbaijan

Oil Prices Fluctuate In Azerbaijan

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $62.62 per barrel at Italian port of Augusta on Aug. 20, which is $0.02 less than on Aug. 19, a source in Azerbaijan’s oil and gas market told  Trend  on Aug. 21. On Aug. 20, the […]

United States Oil (USO) fell last week while gasoline inventories decreased

United States Oil (USO) fell last week while gasoline inventories decreased

United States Oil (USO) fell last week while gasoline inventories decreased U.S. crude stocks fell last week while gasoline inventories decreased and distillate stocks built, data from industry group the American Petroleum Institute showed on Tuesday. Crude inventories fell by 3.5 million barrels in the week to August 16 to 439.8 million, compared with analysts’ […]

United States Oil (USO) poses threat to Mideast sellers

United States Oil (USO) poses threat to Mideast sellers

United States Oil (USO) poses threat to Mideast sellers The rivalry between U.S. and Middle Eastern oil producers has jumped up a notch as American crude makes its way right to the heart of Asia, the world’s most-prized energy market. Royal Dutch Shell Plc has offered a cargo of U.S. West Texas Intermediate Midland crude […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Steady, USD Up, Crude Oil Steady, Stocks Up Note: The immediate focus shifts to the minutes of the Fed’s last meeting due Wednesday. Traders are also keenly waiting on the Fed’s Jackson Hole seminar and a Group of Seven summit this weekend for clues on what additional […]

United States Oil (USO) Recession Fears Kept Lid on Prices

United States Oil (USO) Recession Fears Kept Lid on Prices

United States Oil (USO) Recession Fears Kept Lid on Prices Recession fears were raised earlier in the week after the bond market flashed a troubling signal about the U.S. economy. This increased worries over lower future demand. The fears were triggered when the yield on the benchmark 10-year Treasury note briefly broke below the two […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Dips, USD Up, Crude Oil Up, Stocks Up Headlines Asia stocks advance as China’s rate adjustment improves investor mood Crude Oil prices climb after Saudi oilfield attack Gold prices dip on firmer USD and equities Gold: Gold prices dipped Monday on a stronger USD, and a recovery in […]

United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices

United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices

United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices Oil futures rallied on Tuesday, sending U.S. prices up by 4% to their highest finish in almost two weeks, following news that the U.S. will delay tariffs on certain Chinese products until December, as the two nations […]

Asia: Gold, USD, Crude Oil, Stocks & Commodities

Asia: Gold, USD, Crude Oil, Stocks & Commodities

$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Up, Crude Oil Up, Stocks Up Headlines Crude Oil rises as US retail sales ease recession fears Asia stocks up in stimulus speculation Gold heads for 3rd weekly gainer on trade, growth concerns Dollar index higher Gold: Gold prices dipped Friday but were headed for […]

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