United States Oil (USO) prices rises on signs of strong demand from refineries in China

United States Oil (USO) prices rises on signs of strong demand from refineries in China

United States Oil (USO) prices rises on signs of strong demand from refineries in China Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world’s second-largest crude user, amid tightening supply as producers curtail output and as oil inventories in the United States fell unexpectedly. […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Up, Stocks Up Notes: US Crude Oil inventories fell by 3.1-M bbls in the week ended 12 April to 452.7-M, compared with analysts’ expectations for an increase of 1.7-M bbl, according to data from the American Petroleum Institute (API) released Tuesday. The Organization of the Petroleum Exporting […]

Weaker USD Would Help US Workers

Weaker USD Would Help US Workers

$USD, $GLD, $SLV Experts are in a debate on just how does the average American benefit from the USD’s reserve currency status, and would the Buck’s fall from grace have a negative, or positive, impact on the livelihood of the average American worker Economist Steve Keen recently declared that average investors are over-inflating the risks […]

United States Oil (USO) prices edged down after a Russian minister said the nation and OPEC may boost crude output

United States Oil (USO) prices edged down after a Russian minister said the nation and OPEC may boost crude output

United States Oil (USO) prices edged down after a Russian minister said the nation and OPEC may boost crude output Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight the United States for market share, checking a recent rally driven by tighter global […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Up Notes: The Organization of the Petroleum Exporting Countries and its allies including Russia, known as OPEC+, will meet in June to decide whether to continue withholding supply. That comes after they previously agreed to crimp output by 1.2-M BPD from 1 January for 6 months. […]

United States Oil (USO) could see a short-term correction

United States Oil (USO) could see a short-term correction

United States Oil (USO) could see a short-term correction U.S West Texas Intermediate and international-benchmark Brent crude oil futures settled higher last week, but the limited trading range suggests the buying may be slowing. Early in the week, prices rose to their highest levels since November, driven by turmoil in Libya along with ongoing production […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Eased, Crude Oil Down, Stocks Up Note: Again this week the world’s investors are focused on big bank earnings. Among positive catalysts in the market are a better-than- expected credit and export growth figures from China, a positive kick-off to the earnings season in the United States and hopes of […]

United States Oil (USO) prices firm supported by ongoing supply cuts

United States Oil (USO) prices firm supported by ongoing supply cuts

United States Oil (USO) prices firm supported by ongoing supply cuts Oil prices were firm on Friday, supported by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela. International Brent crude oil futures were at $71.01 per barrel at 0042 GMT, up 18 cents, or 0.3 percent, from […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Flat, USD Down, Crude Oil Up, Stocks Down Note: This week the world’s investors are focused on big bank earnings. Comments from Fed Vice Chairman Richard Clarida that the U.S. economy is in a “good place” but reemphasizing the Fed’s patience on rate hikes, also helped to reassure investors Thursday ahead of […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Eased Note: This week the world’s investors are focused on geopolitical events and big bank earnings. President Trump threatened to impose tariffs on $11-B worth of European Union products, heightening tensions over a long-running transatlantic Airbus subsidy dispute. European Union leaders gave Britain six more months to […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Firm,Stocks Eased Note: This week the world’s investors are focused on geopolitical events and big bank earnings, as the S&P 500 ends 8 day rally with a Fibo recap. Investors will also focus on a European Central Bank (ECB) meeting Wednesday. President Donald Trump threatened to impose […]

United States Oil (USO) sanctions against Iran and Venezuela were also seen pushing up crude prices

United States Oil (USO) sanctions against Iran and Venezuela were also seen pushing up crude prices

United States Oil (USO) sanctions against Iran and Venezuela were also seen pushing up crude prices Oil prices rose to a five-month high on Monday, driven by expectations for tighter global supply from fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela. International benchmark Brent futures were up 69 cents, or 1%, at $71.03 […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Up Note: This week the world’s investors are focused on geopolitical events and big bank earnings as the S&P 500 continues to drive North Eastern forces Monday were advancing on the Libyan capital Tripoli in the latest of a cycle of warfare since Muammar Gaddafi’s fall in […]

United States Oil (USO) Eyes Glued on Dow and Risk

United States Oil (USO) Eyes Glued on Dow and Risk

United States Oil (USO) Eyes Glued on Dow and Risk The U.S. oil and gas industry is praised by supporters for boosting America to the forefront of global production and attacked by critics who blame it for sowing doubt about the scientific consensus that burning fossil fuels is changing the Earth’s climate. The American Petroleum […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Up Note: The world’s nvestors are now focused on geopolitical events and big bank earnings. In Asia Gold: Gold prices rose to a 1-week high Monday as USD edged lower, while investors awaited minutes of the Fed’s March FOMC meeting Wednesday. Spot gold gained about 0.4% […]

Sell in May or stay and pray?

Sell in May or stay and pray?

According to the popular but pithy market aphorism, share market investors should “sell in May and go away” to avoid a seasonal downturn. Ah, if only it were that easy! The Gregorian calendar may tick over reliably, but many market watchers now believe the adage is a less than reliable indicator of market performance. The […]

United States Oil (USO) prices have been underpinned by tightening global supplies and signs of demand picking up

United States Oil (USO) prices have been underpinned by tightening global supplies and signs of demand picking up

United States Oil (USO) prices have been underpinned by tightening global supplies and signs of demand picking up Brent oil prices rose on Thursday, topping $70 per barrel for the first time in nearly five months, as expectations of tight global supply outweighed pressure from rising U.S. production and less robust global demand indicators. Brent […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Down, Crude Oil Down, Stocks Steady Note: Investors are now awaiting the US jobs numbers for more signals on the strength of the economy. Reuters reported Saudi Arabia is threatening to sell its Crude Oil in currencies other than USDs if Washington passes a bill exposing OPEC members to US […]

United States Oil (USO) production hits fresh peak

United States Oil (USO) production hits fresh peak

United States Oil (USO) production hits fresh peak U.S. crude oil stockpiles soared unexpectedly last week as imports climbed and production edged higher to a new record, the Energy Information Administration said on Wednesday. Refined fuel inventories fell more than expected, with gasoline drawing down for a seventh straight week, as refining rates remained low, […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Mixed, Stocks Up Note: The Chinese RMB Yuan will hold its recent gains Vs USD, and likely make a move forward from current marks over the coming year, as optimism about a US-China trade deal offsets anxiety over weak domestic economic growth, a Reuters poll showed. In Asia […]

United States Oil (USO) prices rise for fourth day

United States Oil (USO) prices rise for fourth day

United States Oil (USO) prices rise for fourth day Oil prices rose for a fourth day on Wednesday, with support from OPEC-led supply cuts and U.S. sanctions overshadowing an industry report showing an unexpected rise in U.S. inventories last week. Brent futures rose 35 cents, or 0.5 percent, to $69.72 a barrel by 0207 GMT, after […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Down, Crude Oil Up, Stocks Up Note:  3 of 8 countries granted waivers by Washington to import Crude Oil from Iran have cut the imports to Zero, the improved global market conditions would help reduce Iranian exports further. UK  Prime Minister Theresa May said Tuesday she would seek another BREXIT […]

United States Oil (USO) rose supported by firm Chinese economic data that eased demand concerns

United States Oil (USO) rose supported by firm Chinese economic data that eased demand concerns

United States Oil (USO) rose supported by firm Chinese economic data that eased demand concerns Oil prices rose to fresh 2019 highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions on Iran and further Venezuelan supply disruptions. Brent crude rose 32 cents, or 0.5 percent, to […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Up Note: China’s PMI number was the most significant monthly increase since Y 2012, which should ease concerns around a potential threat to Crude Oil demand. In Asia Gold: Gold prices declined to a more than 3-week lows Tuesday as waning global economic slowdown concerns lifted […]

United States Oil (USO) concerns about supplies outweigh fears of a slowing global economy

United States Oil (USO) concerns about supplies outweigh fears of a slowing global economy

United States Oil (USO) concerns about supplies outweigh fears of a slowing global economy Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy. U.S. West Texas Intermediate (WTI) futures […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Down, Crude Oil Up, Stocks Up Note: USD off 0.1% Vs Key rivals, after hitting its highest since 11 March Friday, while Asian stocks rallied as positive Chinese factory data and signs of progress in US-China trade talks supported sentiment. In Asia Gold: Gold prices up Monday as USD backed off […]

Crude Oil Marks Biggest Quarterly Rise Since 2009

Crude Oil Marks Biggest Quarterly Rise Since 2009

$USO, $OIL FLASH: Crude Oil prices rose about 1% Friday, posting their biggest Quarterly rise in 10 years, as US sanctions against Iran and Venezuela as well as OPEC-led supply cuts overshadowed concerns over a slowing global economy. The May ICE Brent Crude Oil futures contract, which expired Friday, gained 57c, or 0.8%, to settle […]

United States Oil (USO) demand concerns on the back of economic jitters linked to the U.S.-Chinese trade war have capped prices

United States Oil (USO) demand concerns on the back of economic jitters linked to the U.S.-Chinese trade war have capped prices

United States Oil (USO) demand concerns on the back of economic jitters linked to the U.S.-Chinese trade war have capped prices Oil prices settled roughly flat on Thursday, recovering from the day’s worst losses that came shortly after U.S. President Donald Trump called for OPEC to boost crude production to lower prices. “Very important that […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Flat, USD Up, Crude Oil Up, Stocks Up Note: Japanese refineries have put a halt on imports of Iranian Crude Oil after buying 15.3-M bbl between January and March ahead of the expiry of a temporary waiver on US sanctions, according to industry sources and data on Refinitiv Eikon. China stock jumped Friday […]

United States Oil (USO) fell after widely watched data showed a surprising increase in U.S. stocks

United States Oil (USO) fell after widely watched data showed a surprising increase in U.S. stocks

United States Oil (USO) fell after widely watched data showed a surprising increase in U.S. stocks Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a surprising increase in U.S. stocks. International Brent crude oil futures were at $67.63 a barrel at 0045 GMT, down 20 cents, […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Flat, USD Up, Crude Oil Down, Stocks Flat Note: China has made unprecedented proposals in talks with the United States on a range of issues including forced technology transfer as the 2 sides work to overcome remaining obstacles to a deal to end their trade dispute, US officials said Wednesday. In Asia Gold: […]

United States Oil (USO) extending the previous session’s rise

United States Oil (USO)  extending the previous session’s rise

United States Oil (USO) extending the previous session’s rise Oil prices crept up on Wednesday, extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand. Brent was up by 17 cents, or 0.3 percent, at $68.14 by 0311 GMT, reversing earlier losses […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Up, Stocks Mixed Notes: UK Prime Minister Theresa May will address Conservative Party lawmakers, possibly to set out a timetable for her departure, to win support for her 2X-rejected BREXIT deal as the Parliament prepares to vote on a variety of possible options. A senior International Monetary Fund […]

President Trump’s Team Split Over Iran Oil Waivers Ahead Of Next Deadline

President Trump’s Team Split Over Iran Oil Waivers Ahead Of Next Deadline

$USO, $OIL FLASH: This dust-up could get very ‘ugly’ US President Trump’s national security team is deeply divided over whether to let a small group of countries keep buying Iranian Crude Oil after a US deadline on sanctions waivers expires in May. . The division is primarily between John Bolton’s National Security Council and Michael […]

United States Oil (USO) lifted by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela

United States Oil (USO) lifted by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela

United States Oil (USO) lifted by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela Oil prices edged up on Tuesday, lifted by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, but signs of a sharp economic slowdown and potentially even a recession kept […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Flat, Crude Oil Up, Stocks Up Notes: Market participants are keeping a close watch on the latest round of US-China trade negotiations, scheduled to start Thursday in Beijing, and the next BREXIT vote. British lawmakers will now vote on a range of BREXIT options Wednesday, giving parliament a chance to […]

President Trump Warns Big Oil Not to Vote for Democrats

President Trump Warns Big Oil Not to Vote for Democrats

$USO, $OIL, $BP White House economic adviser Larry Kudlow said President Trump recently warned Big Oil officials that they had better hope he wins re-election as the Democrats wage a war against fossil fuels. Mr. Kudlow said that the exchange came as President Trump recently held a closed-door meeting with top business executives at the […]

United States Oil (USO) prices dropped by almost 1 percent

United States Oil (USO) prices dropped by almost 1 percent

United States Oil (USO) prices dropped by almost 1 percent Oil prices dropped by almost 1 percent on Monday, with concerns recession could be looming outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.56 per barrel at 0410 GMT, down 47 cents, […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Flat, Crude Oil Down, Stocks Down Notes: A US trade delegation headed by Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit China on 28-29 March which will be followed by a trip by Chinese Vice Premier Liu He to Washington in early April. Concerns about a potential US […]

United States Oil (USO) as economic growth concerns weighed on sentiment

United States Oil (USO) as economic growth concerns weighed on sentiment

United States Oil (USO) as economic growth concerns weighed on sentiment Oil prices eased from 2019 peaks on Friday as economic growth concerns weighed on sentiment, pausing a three-month rally driven by OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela. Brent crude oil futures were at $67.72 per barrel at 0419 GMT, down […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Down, Crude Oil Down, Stocks Up Notes: EU leaders have given Prime Minister Theresa May two weeks’ reprieve, until 12 April, before Britain could lurch out of the EU if she fails to persuade lawmakers to back the withdrawal treaty she concluded with Brussels. A US trade delegation headed by […]

United States Oil (USO) spiked 40% since Christmas Eve thanks to OPEC’s aggressive production cuts

United States Oil (USO) spiked 40% since Christmas Eve thanks to OPEC’s aggressive production cuts

United States Oil (USO) spiked 40% since Christmas Eve thanks to OPEC’s aggressive production cuts US oil prices have spiked 40% since Christmas Eve thanks to OPEC’s aggressive production cuts. Crude’s recovery from last year’s bear market hit another milestone on Wednesday. Oil topped $60 a barrel for the first time since November 9. The […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Dowu, Crude Oil Up, Stocks Up Notes: The Fed held interest rates steady, shave the number of hikes projected for the rest of the year at none and release details of a plan to end the monthly reduction of its massive balance sheet in September. US Crude Oil stockpiles last […]

United States Oil (USO) prices touch 2019 highs, supported by OPEC

United States Oil (USO) prices touch 2019 highs, supported by OPEC

United States Oil (USO) prices touch 2019 highs, supported by OPEC Oil prices were little changed after hitting 2019 highs on Tuesday, maintaining recent strength on the back of expectations for OPEC to continue production cuts. U.S. oil prices have climbed 9 percent in the last six weeks, as the supply cuts are now expected to continue […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Down, USD Up, Crude Oil Down, Stocks Up Notes: The Fed Wednesday is expected to hold interest rates steady, shave the number of hikes projected for the rest of the year to 1-2 or none, and release long-awaited details of a plan to end the monthly reduction of its massive balance sheet. […]

United States Oil (USO) prices hover near 2019 highs

United States Oil (USO) prices hover near 2019 highs

United States Oil (USO) prices hover near 2019 highs Oil prices hovered just below 2019 highs early on Tuesday, supported by ongoing supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela are also boosting crude prices, although traders say the market looks capped by rising American output. U.S. West Texas Intermediate (WTI) futures were down four cents […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Off, Stocks Steady Notes: UK PM May’s BREXIT plans were thrown into further turmoil on Monday when the speaker of Parliament ruled that she could not put her divorce deal to a new vote unless it was re-submitted in fundamentally different form. She has just 2 days […]

United States Oil (USO) price gains have been limited by concerns that an economic slowdown

United States Oil (USO) price gains have been limited by concerns that an economic slowdown

United States Oil (USO) price gains have been limited by concerns that an economic slowdown US crude futures briefly hit a 2019 high on Friday but retreated along with benchmark Brent oil as worries about the global economy and robust US production put a brake on prices. West Texas Intermediate (WTI) crude oil futures were […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Off, USD Off, Crude Oil Off, Stocks Up Notes: Data Friday showed US manufacturing output fell for a 2nd month running in February and factory activity in New York state hit near a 2 low this month, further evidence of a sharp slowdown in economic growth early in Q-1. In Asia Gold: Spot […]

No Shortage of Oil

No Shortage of Oil

Production cutbacks by OPEC nations are building a supply cushion that could be called upon to mitigate a possible supply shock from an abrupt drop in crisis-hit Venezuela’s output, the IEA said Friday. With a nationwide blackout that paralysed the country for one week, demonstrating the unreliability of the country’s electricity network, new questions are […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Off, Crude Oil Firm, Stocks Up Notes: The Bank of Japan’s kept interest rates unchanged Chinese Vice Premier Liu He spoke by telephone with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, with the 2 sides making further substantive progress on trade talks, China’s official Xinhua news […]

United States Oil (USO) sanctions on Venezuelan petroleum products have cemented support for oil prices

United States Oil (USO) sanctions on Venezuelan petroleum products have cemented support for oil prices

United States Oil (USO) sanctions on Venezuelan petroleum products have cemented support for oil prices Brent crude oil prices on Thursday hit their highest so far this year, pushed up by ongoing supply cuts led by OPEC and by U.S. sanctions against Venezuela and Iran. Brent was still at $67.75 per barrel at 0244 GMT, […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Off, Crude Oil Higher, Stocks Flat Notes: The United States aims to cut Iran’s Crude exports by about 20% to below 1-M BPD from May by requiring importing countries to reduce purchases to avoid US sanctions, 2 sources familiar with the matter told Reuters. Both sources said they were […]

United States Oil (USO) output forecast is reduced

United States Oil (USO) output forecast is reduced

United States Oil (USO) output forecast is reduced Oil prices edged higher on Wednesday, supported by planned cuts to Saudi exports and a reduced forecast for U.S crude output. International Brent crude oil futures were at $66.93 a barrel at 0039 GMT, up 26 cents, or 0.4 percent, from their last close. Brent touched $67.39 a barrel on […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Off, Crude Oil Higher, Stocks Down Notes: Gold scaled a near 2-week high Wednesday, after reclaiming the Key $1,300 mark in the prior session, as investors opted for the safe-haven precious Yellow metal after British lawmakers rejected an amended exit deal, while a weaker uSD lent further support. Washington could […]

United States Oil (USO) production could become less responsive to crude prices as major oil companies expand operations in the nation’s shale fields

United States Oil (USO) production could become less responsive to crude prices as major oil companies expand operations in the nation’s shale fields

United States Oil (USO) production could become less responsive to crude prices as major oil companies expand operations in the nation’s shale fields U.S. oil production could become less responsive to crude prices as major oil companies expand operations in the nation’s shale fields, now dominated by smaller producers, International Energy Agency officials said at […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: European Commission head Jean-Claude Juncker agreed to additional assurances in an updated BREXIT deal with British Prime Minister Theresa May Monday, but warned UK lawmakers would not get a 3rd chance to endorse it. Washington could lift most or all of its tariffs on […]

United States Oil (USO) Going to be a market with tremendous volatility

United States Oil (USO) Going to be a market with tremendous volatility

United States Oil (USO) Going to be a market with tremendous volatility “It’s going to be a market with tremendous volatility,” said Carlos Pascual, IHS Markit senior vice president. “In 2018, the price of [Brent] oil went between $50 and $86 a barrel, but the average was $70. For the person looking at it and […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Higher, Stocks Up Notes: Fed Chairman Powell said Friday that the central bank will be careful not to shock financial markets as it stabilizes its bond portfolio, saying that it does not see problems in the US economy that warrant an immediate change in its policy. Washington […]

United States Oil (USO) OPEC output to its lowest in nearly four years

United States Oil (USO) OPEC output to its lowest in nearly four years

United States Oil (USO) OPEC output to its lowest in nearly four years Oil futures posted a gain on Thursday, buoyed by data showing a fall in February OPEC output to its lowest in nearly four years. On Wednesday, prices for U.S. benchmark crude oil had finished lower after U.S. government data revealed a hefty […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up , USD Steady, Crude Oil Falling, Stocks Up Notes: Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. President Trump says, “All of nothing at all!” US jobs report […]

United States Oil (USO) fuel stockpiles offsets a surge in crude inventories

United States Oil (USO) fuel stockpiles offsets a surge in crude inventories

United States Oil (USO) fuel stockpiles offsets a surge in crude inventories Oil prices were mixed in choppy trade on Wednesday, after government data showed a surge in weekly U.S. crude stockpiles that was partly offset by a drop in the nation’s inventories of refined fuel. A drop in U.S. equity indexes also weakened sentiment in crude […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady , USD Flat, Crude Oil Up, Stocks Down Notes: Investors are looking ahead to the ECB’s board meeting Thursday. The ECB is expected to pare growth forecasts and give its strongest signal yet that more stimulus is coming in the form of more cheap loans. Washington could lift most or all […]

United States Oil (USO) supplies rose by a much more than expected 7.3 million barrels for the week

United States Oil (USO) supplies rose by a much more than expected 7.3 million barrels for the week

United States Oil (USO) supplies rose by a much more than expected 7.3 million barrels for the week The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by a much more than expected 7.3 million barrels for the week ended March 1, according to sources. The API also reportedly showed that gasoline […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Up, USD Firm, Crude Oil Down, Stocks Up Notes: US Secretary of State Mike Pompeo said Monday he thought the United States and China were “on the cusp” of a deal to end their trade dispute, but President Trump will reject any deal that is not perfect. The WS-J reported Washington could lift […]

United States Oil (USO) rebound after sinking last week

United States Oil (USO) rebound after sinking last week

United States Oil (USO) rebound after sinking last week Oil prices bounced on Monday from last week’s losses, boosted by reports that the United States and China could soon reach a formal agreement to end a tit-for-tat trade war that has limited global economic growth. Crude futures gave up some of their gains around midday […]

United States Oil (USO) Supply from the Organization of the Petroleum Exporting Countries fell to a four-year low in February

United States Oil (USO) Supply from the Organization of the Petroleum Exporting Countries fell to a four-year low in February

United States Oil (USO) Supply from the Organization of the Petroleum Exporting Countries fell to a four-year low in February Oil prices rose on Monday as supply tightened amid output cuts by producer club OPEC and as the United States and China were reported to be close to signing a trade deal that would end […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Down, Crude Oil UP, Stocks Up Notes: The WS-J reported Sunday Washington could lift most or all of its tariffs on Beijing while Presidents Trump and Xi ready to sign a final trade deal later this month and Summit at Mar a Lago. In Asia Gold: Gold edged up Monday, after falling […]

United States Oil (USO) futures face headwinds as U.S.-China trade tensions persist

United States Oil (USO) futures face headwinds as U.S.-China trade tensions persist

United States Oil (USO) futures face headwinds as U.S.-China trade tensions persist indications that OPEC will not waiver in its bid to drain oversupply. Crude futures recovered on Wednesday after Saudi Arabia’s influential oil minister brushed off pressure from President Donald Trump to “take it easy” on price-boosting production cuts. Trump’s warning to Saudi Arabia and its fellow OPEC members caused […]

United States Oil (USO) strong exports and a whopping drop in imports has led to a sizable crude draw

United States Oil (USO) strong exports and a whopping drop in imports has led to a sizable crude draw

United States Oil (USO) strong exports and a whopping drop in imports has led to a sizable crude draw Oil futures rose Wednesday after Saudi Arabia affirmed its commitment to reducing output, then got an added boost after data revealed an unexpected weekly drop in U.S. crude supplies — the first decline in six weeks. […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Up, Crude Oil Down, Stocks Down Notes: President Trump wrapped up in Hanoi for 2nd Summit with Chairman Kim, President Trump and Secretary of State Mike Pompeo are optimistic on the progress mate. US and China have a deal in the works.President Trump extends deadline and sets up Summit with President Xi  at Mar a Lago. In Asia Gold: Gold prices Thursday held near 2-week lows touched in the prior […]

Dimon Cautious, JPMorgan Positions for a Recession

Dimon Cautious, JPMorgan Positions for a Recession

$JMP, $GS, $USD FLASH: Jamie and ‘Goldie’ have different outlooks JPMorgan (NYSE:JPM) CEO Jamie Dimon does not agree with economic doomsayers. The boss of the largest US bank acknowledged a growing number of potential obstacles to the economy that carried his firm to record profits last year. That caution was reflected in JPMorgan Chase & […]

Global Economy May Have Bottomed Out

Global Economy May Have Bottomed Out

$GS, $USD, $USO, $OIL FLASH: On the global markets, some green shoots are emerging. The global economy may have already bottomed out, according to Goldman Sachs Group Inc. Chief Economist in a note Tuesday. While growth remains soft, Goldman’s current activity indicator in February is slightly above the downwardly-revised December and January numbers. Some green […]

United States Oil (USO) U.S. President Donald Trump this week to stop artificially tightening markets

United States Oil (USO) U.S. President Donald Trump this week to stop artificially tightening markets

United States Oil (USO) U.S. President Donald Trump this week to stop artificially tightening markets Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump. U.S. West Texas Intermediate (WTI) crude oil […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Steady, USD Soft, Crude Oil Up, Stocks Higher Notes: Market focus on Fed Chairman Powell’s testimony in front of the House of representatives Wednesday. Will be the same as to the Senate. The Fed’s policy statements grew so complicated after the Great Recession that standard gauges of readability suggested people needed 4 years of university […]

United States Oil (USO) dips were a result of ample oil supply amid surging exports from the United States

United States Oil (USO) dips were a result of ample oil supply amid surging exports from the United States

United States Oil (USO) dips were a result of ample oil supply amid surging exports from the United States Oil prices fell on Monday, giving up earlier gains, squeezed by plentiful supply and US firms in particular increasing exports in competition with traditional producers from the Middle East in key markets like Asia. International Brent […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Lower, USD Flat, Crude Oil Lower, Stocks Lower Notes: Market focus on Fed Chairman Powell’s testimony in front of Congress US and China have a deal in the works. President Trump pushes deadline and sets up Summit with President Xi  at Mar a Lago. President Trump in Hanoi for 2nd NKorean Summit with Chairman Kim. In Asia Gold: Gold seeing profit taking in here. Spot gold lost 0.1% to $1,326.36 oz US gold […]

United States Oil (USO) prices rose on Monday as Washington and China appeared to edge closer to a trade deal

United States Oil (USO) prices rose on Monday as Washington and China appeared to edge closer to a trade deal

United States Oil (USO) prices rose on Monday as Washington and China appeared to edge closer to a trade deal Oil prices rose on Monday as Washington and China appeared to edge closer to a trade deal, dampening fears over the outlook for global economic growth. International Brent crude oil futures were at $67.26 a barrel at […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Higher Notes: US and China have a deal in the works. President Trump pushes deadline and sets up Summit with President Xi  at Mar a Lago. President Trump on the way to Hanoi for 2nd NKorean Summit with Chairman Kim. In Asia Gold: Gold prices rose Monday as USD fell Vs the RMB Yuan after President Trump said he would delay an increase […]

United States Oil (USO) production reached 12 million bpd for the first time last week

United States Oil (USO) production reached 12 million bpd for the first time last week

United States Oil (USO) production reached 12 million bpd for the first time last week Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets. International Brent crude futures were […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Lower, Stocks Dip Notes: Trade talks dominate headlines, the US and China have a deal in the works, as President Trump meeting China’s chief negotiator Vice Premier Liu Friday in Washington, DC. Growth in China’s new home prices fell to a 9-month low in January as broader economic weakness increasingly weighs […]

Survey shows analysts expect EIA on Thursday to report a rise in United States Oil (USO) supplies

Survey shows analysts expect EIA on Thursday to report a rise in United States Oil (USO) supplies

Survey shows analysts expect EIA on Thursday to report a rise in United States Oil (USO) supplies Oil futures marked their highest finish in three months on Wednesday, with U.S. benchmark prices extending their streak of gains to a sixth consecutive session, as signs of tighter global crude supplies outweigh pressure from a continued rise […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Steady, Crude Oil Higher, Stocks Higher Notes: Trade talks dominate headlines with a new round of negotiations between the US and China have a deal in the works meeting continue in Washington. Sentiment also got a lift after the Fed Wednesday affirmed it would be “patient” on further interest rate rises. In Asia Gold: Gold […]

United States Oil (USO) ends at 3-month high as supplies tighten

United States Oil (USO) ends at 3-month high as supplies tighten

United States Oil (USO) ends at 3-month high as supplies tighten Crude-oil futures ended on a mixed note Tuesday, with international benchmark Brent crude slightly lower after posting gains in each of the last five sessions while the U.S. benchmark climbed to its highest finish in three months amid reports of falling Saudi Arabian exports. […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Lower, Crude Oil Higher, Stocks Higher Notes: Trade talks dominate headlines with a new round of negotiations between the US and China expected in Washington Tuesday, and follow-up sessions at a higher level this week. Minutes of the Fed’s last policy meeting are due Wednesday and should provide more guidance on the likelihood or […]

United States Oil (USO) recovery in prices could be at a pace slower than expected earlier

United States Oil (USO) recovery in prices could be at a pace slower than expected earlier

United States Oil (USO) recovery in prices could be at a pace slower than expected earlier The oil sector has witnessed a series of developments in early 2019 that have clouded demand prospects and have sent out a signal to the market that the recovery in prices could be at a pace slower than expected […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Higher, Crude Oil Mixed, Stocks Higher Notes: Trade talks dominated headlines with a new round of negotiations between the United States and China expected in Washington on Tuesday, and follow-up sessions at a higher level later in the week. Comments from European Central Bank’s Olli Rehn on Sunday have triggered speculation the […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Off, Crude Oil Higher, Stocks Higher Notes: Minutes of the Fed’s last policy meeting are due Wednesday and should provide more guidance on the likelihood or not for rate hikes this year. There is also talk the Fed will keep a much larger balance sheet than previously planned. Financial markets are generally […]

United States Oil (USO) warns the world against buying Venezuelan oil

United States Oil (USO) warns the world against buying Venezuelan oil

United States Oil (USO) warns the world against buying Venezuelan oil US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country said it wants to sell more oil to the fast-growing Indian market. In a tweet with a Bloomberg article on Venezuelan-Indian oil […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Ranged, USD Higher, Crude Oil Higher, Stocks Lower In Asia Notes:  US Treasury Secretary Steven Mnuchin hopes for “productive” trade meetings in China scheduled to run through Friday.The United States has used tariffs as leverage to demand Beijing make major structural policy changes, including ending the forced transfer of American technology, fully enforcing intellectual property rights, and […]

United States Oil (USO) rose on hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook

United States Oil (USO) rose on hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook

United States Oil (USO) rose on hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook Oil prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook, and as China’s trade figures including crude imports beat forecasts. […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT FLASH: Gold Higher, USD Higher, Crude Oil Higher, Stocks Up In Asia Notes:  US Treasury Secretary Steven Mnuchin said Thursday he hopes for “productive” trade meetings in China, as the 2 countries work to hammer out an agreement to resolve their trade dispute. The talks, scheduled to run through Friday, follow 3 days of deputy-level meetings to work […]

United States Oil (USO) production expected to hit records this year

United States Oil (USO) production expected to hit records this year

United States Oil (USO) production expected to hit records this year U.S. oil production is anticipated to break records in the next two years — and prices are primed to increase slightly, according to an energy study released Tuesday. The Energy Information Administration (EIA) said Tuesday that crude oil production is expected to rise to an […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Steady, USD Higher, Crude Oil Up, Stocks Up In Asia Notes:  US Treasury Secretary Steven Mnuchin said Wednesday he hopes for “productive” trade meetings in China this week, as the 2 countries seek to hammer out an agreement to resolve the trade dispute. The Cboe Volatility Index (VIX) dropped overnight to as low as 14.95, […]

Record US Crude Oil Production Coming in 2019, 2020

Record US Crude Oil Production Coming in 2019, 2020

$USO, $OIL, $UNG US expects domestic Crude Oil production to reach new heights this year and next, and that prices. And both crude and gasoline will be lower than in Y 2018. Government forecasters are sticking to their forecast that the United States, already the world’s biggest Crude Oil producer will become a net exporter […]

United States Oil (USO) prices logged their lowest finish in two weeks

United States Oil (USO) prices logged their lowest finish in two weeks

United States Oil (USO) prices logged their lowest finish in two weeks Benchmark U.S. oil prices logged their lowest finish in two weeks on Monday, weighed down by worries about energy demand and a stronger dollar. Prices, however, finished off the session’s worst levels. John Caruso, senior market strategist at RJO Futures, said the market […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD HighersCrude Oil UpStocks Up In Asia Notes: Messrs. Mnuchin and Lighthizer opened another round of trade talks in Beijing Monday to push for a deal to protect American IP, and avert a 2 March increase in US tariffs on Chinese goods. Gold: Gold prices steady Tuesday as investors kept a cautious stance ahead this round […]

United States Oil (USO) energy firms last week increased the number of oil rigs operating for the second time in three weeks

United States Oil (USO) energy firms last week increased the number of oil rigs operating for the second time in three weeks

United States Oil (USO) energy firms last week increased the number of oil rigs operating for the second time in three weeks Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. In […]