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 […]

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

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

3$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold EasedUSD CautiousCrude Oil DownStocks Off In Asia Notes: Messrs. Mnuchin and Lighthizer open another round of trade talks in Beijing this week to push for a deal to protect American intellectual property and avert a 2 March increase in US tariffs on Chinese goods. Gold: Gold prices eased Monday as uncertainties around US-China trade tensions […]

Markets Look to US China Trade Deal

Markets Look to US China Trade Deal

With a March 1 deadline fast approaching, US and Chinese officials resume negotiations next week to prevent escalation of a trade dispute that has major implications for the global economy. China’s economy already has shown signs of slowing, while the trade war has shaken the confidence of US businesses, as retaliatory tariffs have raised prices […]

United States Oil (USO) and natural gas rig count inched up by one rig week on week to 1,114

United States Oil (USO) and natural gas rig count inched up by one rig week on week to 1,114

United States Oil (USO) and natural gas rig count inched up by one rig week on week to 1,114 The US oil and natural gas rig count inched up by one rig week on week to 1,114, rising for the second week in a row after a relatively lengthy prior period of declines, according to […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD SteadyCrude Oil DownStocks Off In Asia Notes: China closed all week for the Lunar New Year Thursday, the EC sharply cut its forecasts for euro zone economic growth due to global trade tensions and a numberof domestic challenges. Messrs. Mnuchin and Lighthizer are expected to kick off another round of trade talks in Beijing next week […]

United States Oil (USO) production levels in the country stayed at record levels

United States Oil (USO) production levels in the country stayed at record levels

United States Oil (USO) production levels in the country stayed at record levels U.S. oil prices dipped on Thursday after U.S. crude inventories rose and as production levels in the country stayed at record levels, but OPEC-led supply cuts and the crisis in Venezuela supported markets. U.S. West Texas Intermediate (WTI) crude futures were at […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD UpCrude Oil DownStocks Up In Asia Note: China closed all week for the Lunar New Year The Cboe Volatility (VIX) Index, Wall Street’s so-called “fear gauge,” dropped to 15.60, its lowest level in 4 months, Monday. Gold: Gold fell to a more than 1-week low Thursday, pressured by a stronger USD, but worries over slowing global […]

US Trade Deficit Narrowed in November on Falling Imports

US Trade Deficit Narrowed in November on Falling Imports

FLASH: President Trump’s Trade Policy Working $USD, $USO The US trade deficit fell for the 1st time in 6 months in November amid declines in imports leading economists to boost their economic growth estimates for the for Q-4 Y 2018. The consumer goods-led drop in imports reported by the Commerce Department on Wednesday would normally raise concerns […]

United States Oil (USO) production has become a major factor in world supply

United States Oil (USO) production has become a major factor in world supply

United States Oil (USO) production has become a major factor in world supply During just six months crude oil prices ripped higher by about 20 percent, plunged more than 40 percent and snapped back 25 percent, an intense volatility that analysts warn could be the new normal in the oil market. December was a real […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FirmCrude Oil UpStocks Subdued In Asia Note: China closed all week for the Lunar New Year The Cboe Volatility (VIX) Index, Wall Street’s so-called “fear gauge,” dropped to 15.60, its lowest level in 4 months, Monday. Gold: Gold prices held firm Wednesday after US President Trump, in his State of the Union speech, vowed to build […]

United States Oil (USO) expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC

United States Oil (USO) expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC

United States Oil (USO) expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC U.S. oil prices inched up on Tuesday, buoyed by expectations of tightening global supply due to U.S. sanctions on Venezuela and production cuts led by OPEC. U.S. West Texas Intermediate (WTI) crude futures were at $54.77 per barrel at 0223 GMT, up […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold UpUSD FirmCrude Oil UpStocks Higher In Asia Note: China closed all week for the Lunar New Year The Cboe Volatility (VIX) Index, Wall Street’s so-called “fear gauge,” dropped to 15.60, its lowest level in 4 months, Monday. $VXX Gold: Gold rose Tuesday in thin trading as investors made purchases after prices touched 1-week lows Monday, but improved […]

United States Oil (USO) OPEC oil supply fell in January by the largest amount in two years

United States Oil (USO) OPEC oil supply fell in January by the largest amount in two years

United States Oil (USO) OPEC oil supply fell in January by the largest amount in two years Oil prices prices were stable on Monday, largely maintaining gains from the previous session as OPEC-led supply cuts and U.S. sanctions against Venezuela provided the market with support. International Brent crude oil futures were at $62.76 per barrel at 0507 […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD FirmCrude Oil UpStocks Steady In Asia Note: China closed all week for the Lunar New Year Gold: Gold prices slipped Monday as risk aversion waned amid some signs of progress in US-China trade talks, while a firm USD kept bullion under pressure. Spot gold was down 0.4% at $1,313.01 oz by 0552 GMT US […]

United States Oil (USO) Sanctions On Venezuela Could Be An Energy Windfall For India And China

United States Oil (USO) Sanctions On Venezuela Could Be An Energy Windfall For India And China

United States Oil (USO) Sanctions On Venezuela Could Be An Energy Windfall For India And China Oil sanctions imposed by the U.S. on Venezuela earlier this week could prove to be an energy windfall for India and China. The Trump Administration announced sanctions against Venezuela’s state-owned oil company, Petróleos de Venezuela, S.A., or PDVSA, targeting […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD EasedCrude Oil SteadyStocks Up In Asia Gold: Gold fell Friday as investors sought riskier assets on optimism the United States and China ill reach a trade deal, although a pause in US interest rate hikes kept bullion on track for a 2nd weekly increase. Spot gold fell 0.3% to $1,316.95 oz at 0719 GMT. Prices […]

United States Oil (USO) prices settle at a more than 2-month high

United States Oil (USO) prices settle at a more than 2-month high

United States Oil (USO) prices settle at a more than 2-month high Oil futures climbed Wednesday, with U.S. prices settling at their highest in more than two months as political turmoil in Venezuela raised the possibility of tighter global supplies and weekly U.S. crude stockpiles rose less than expected. March West Texas Intermediate oil CLH9, +0.55% rose 92 cents, or […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD EasedCrude Oil UpStocks Up In Asia Notes: The Federal Open Markets Committee (FOMC) held its policy-setting meeting and stood pat with a very dovish tone. Officials from Washington and Beijing have launch a new round of trade talks aimed at resolving their disputes. Gold: A surge in gold purchases by central banks to the highest […]

United States Oil (USO) Rebounds Following U.S. Sanctions Against Venezuela

United States Oil (USO) Rebounds Following U.S. Sanctions Against Venezuela

United States Oil (USO) Rebounds Following U.S. Sanctions Against Venezuela Energy stocks are higher in the pre-market along with stronger oil prices and higher equities futures following strong earnings reports from several bellwether companies. Both WTI and Brent oil prices are up 1% rebounding slightly from yesterday’s losses supported by announcement of US sanctions against Venezuela’s oil […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold HigherUSD EasedCrude Oil Off a BitStocks Flat to Little Change In Asia Notes: The Federal Open Markets Committee (FOMC) will hold its next policy-setting press conference on 30 January no hike expected. Officials from Washington and Beijing are set to launch a new round of trade talks on Wednesday aimed at resolving their disputes amid […]

United States Oil (USO) Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA

United States Oil (USO) Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA

United States Oil (USO) Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA Oil prices crept up on Tuesday after Washington imposed sanctions on Venezuelan state-owned oil firm PDVSA in a step set to severely curb the OPEC member’s crude exports to the United States. Despite the move, which comes as the U.S government looks […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil SteadyStocks Higher In Asia Notes: The Federal Open Markets Committee (FOMC) will hold it next policy-setting meeting on 29-30 January. Gold: Gold price broke psyche resistance at 1300 oz Gold futures are hanging near 7-month highs at $1,302.2 oz. Spot gold was last at 1,304.19 after breaking above a the Key psych […]

United States Oil (USO) falls on increased U.S. rig count

United States Oil (USO) falls on increased U.S. rig count

United States Oil (USO) falls on increased U.S. rig count Oil prices fell by 1 percent on Monday after U.S. companies added rigs for the first time this year, a signal that crude output may rise further, and China, the world’s second-largest oil user, reported additional signs of an economic slowdown. U.S. crude oil futures […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil downStocks Higher In Asia Notes: The Federal Open Markets Committee (FOMC) will hold it next policy-setting meeting on 29-30 January. Gold: Gold prices held steady Monday, near a 7-month peak scaled in previous session, on hopes the Fed will keep interest rates unchanged during its 2-day policy meeting this week. Spot gold […]

United States Oil (USO) United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025

United States Oil (USO) United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025

United States Oil (USO) United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025 In a major shift, the United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025. In Rystad Energy’s base case oil price scenario, US liquids production is […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Washington Thursday signaled it could impose sanctions on Venezuela’s Crude Oil exports as Caracas descends further into political and economic chaos. The US-China trade discussions will provide insight into how talks are […]

United States Oil (USO) market players looked ahead to the release of fresh weekly data

United States Oil (USO) market players looked ahead to the release of fresh weekly data

United States Oil (USO) market players looked ahead to the release of fresh weekly data Oil prices rebounded from the prior day’s losses on Wednesday, as market players looked ahead to the release of fresh weekly data on U.S. commercial crude inventories. U.S. West Texas Intermediate crude futures for March delivery on the New York Mercantile Exchange […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil DownStocks Rise In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate, but its retail markets are expanding widely. China makes up 19% of the world’s economy, the slowdown this year […]

United States Oil (USO) from shale basins to rise to 8.179 mln bpd in Feb

United States Oil (USO) from shale basins to rise to 8.179 mln bpd in Feb

United States Oil (USO) from shale basins to rise to 8.179 mln bpd in Feb U.S. oil output from seven major shale formations is expected to rise by 63,000 barrels per day (bpd) in February to 8.179 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday. The largest change is […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold SteadyUSD FlatCrude Oil UpStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China reported its lowest annual economic growth since Y 1990 and must stimulate. Gold: Gold prices stood firm Wednesday on higher demand for safe-haven assets over concerns of slowing global economy and […]

United States Oil (USO) U.S. Drilling Slows Down

United States Oil (USO) U.S. Drilling Slows Down

United States Oil (USO) U.S. Drilling Slows Down Oil prices were up early on Monday, steadying at a two-month high last seen in mid-November, as the plunging U.S. rig count last week signaled a slowdown in shale drilling amid the lower price of oil.   At 10:34 EST on Monday, WTI Crude was up 0.44 percent at […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold OffUSD FlatCrude Oil DownStocks Off In Asia Notes: The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. China’s state planner Tuesday warned that the downward pressure on the economy will affect China’s job market as falling factory orders point to a further drop in activity in coming months and […]

United States Oil (USO) prices are being supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC)

United States Oil (USO) prices are being supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC)

United States Oil (USO) prices are being supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a slowing economy last year. […]

United States Oil (USO) DOI now reports that domestic crude production could surge to 14 MMbpd by 2020

United States Oil (USO) DOI now reports that domestic crude production could surge to 14 MMbpd by 2020

United States Oil (USO) DOI now reports that domestic crude production could surge to 14 MMbpd by 2020 U.S. crude oil exports have soared due to a combination of: rising domestic crude oil production high but flat domestic demand a law change in December 2015 that allowed sales beyond just neighbor Canada Since the shale […]

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 Firm Crude Oil Higher Stocks Up In Asia Notes: A report Thursday saying that Washington was considering lifting some or all tariffs imposed on Chinese imports buoyed financial markets, including Crude Oil. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Spot gold was set for its 5th straight […]

United States Oil (USO) Saudi Arabia’s energy minister said he was sure inventories will start to “return to normal averages and this will increase confidence”

United States Oil (USO) Saudi Arabia’s energy minister said he was sure inventories will start to “return to normal averages and this will increase confidence”

United States Oil (USO) Saudi Arabia’s energy minister said he was sure inventories will start to “return to normal averages and this will increase confidence” Oil steadied near $52 a barrel in New York amid signs that crude inventories fell again in the U.S., the world’s biggest consumer. Futures slipped 0.3 percent after settling 3.2 […]

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 Firm Crude Oil Lower Stocks Mixed In Asia Notes: Spot gold is about to exit a Neutral range of $1,285-$1,299, and either rise to $1,311 or drop towards $1,268. The Federal Open Markets Committee (FOMC) will hold the next policy-setting meeting on 29-30 January. Gold: Gold has gained for 5 weeks running, but prices have been […]

United States Oil (USO) U.S. will make major strides towards energy independence

United States Oil (USO) U.S. will make major strides towards energy independence

United States Oil (USO) U.S. will make major strides towards energy independence The U.S. will make major strides towards energy independence in the next two years as oil production and exports hit new highs, according to the Department of Energy. U.S. oil production, already at an all-time high this year, will increase by another 2 […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Steady Stocks Steady including Japan In Asia Notes: On the earnings front, US banks: Goldman Sachs (GS) will be in focus Wednesday Expectations are low with profits for US companies forecast to rise 6.4%, down from an 1 October estimate of 10.2% and a big fall from 2018’s tax cut-fueled gainer of more […]

United States Oil (USO) darkening economic outlook capped gains

United States Oil (USO) darkening economic outlook capped gains

United States Oil (USO) darkening economic outlook capped gains Oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains. International Brent crude oil futures were at $59.64 per barrel at 0257 GMT, up 65 cents, or 1.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures  […]

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 Lower Crude Oil Up Stocks Higher including Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) this week. Monday, Citigroup (C) beat profit estimates. The bank’s shares rose 4.0% and bolstered the S&P financial […]

United States Oil (USO) production growth to slow in 2019 versus 2018

United States Oil (USO) production growth to slow in 2019 versus 2018

United States Oil (USO) production growth to slow in 2019 versus 2018 Except for an OPEC-induced dip in production in 2016, U.S. oil production has risen like a rocket since 2011. None of those years was bigger than 2018, when domestic oil production rose by 1.5 million barrels per day (BPD). In the six of […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Lower sans Japan In Asia Notes: On the earnings front, US banks are in sharp focus with Quarterly results from Citigroup (C) due Monday followed by JPMorgan Chase (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS) later in the week. Expectations are low with profits for US companies […]

United States Oil (USO) Government data shows vast stockpiles of gasoline and other fuel in the United States

United States Oil (USO) Government data shows vast stockpiles of gasoline and other fuel in the United States

United States Oil (USO) Government data shows vast stockpiles of gasoline and other fuel in the United States Oil prices ticked higher on Thursday, extending a winning streak into a ninth session, with gains capped by the lack of any clear resolution to U.S.-China trade talks and weak Chinese economic data. U.S. West Texas Intermediate (WTI) […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices climbed Friday as USD retreated on expectations the Fed will pause interest rate hikes if the US economy slows this year, while investors awaited news on progress in the US-Chinatrade talks. Spot gold rose 0.6% to $1,293.55 oz as at 0604 GMT, heading […]

United States Oil (USO) U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market

United States Oil (USO) U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market

United States Oil (USO) U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market The U.S.-China trade dispute and the soaring U.S. oil production are the key concerns for the oil market this year, according to Suhail Al Mazrouei, the Energy Minister of the United Arab Emirates (UAE), […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Higher USD Lower Crude Oil Down Stocks Higher sans Japan In Asia Gold: Gold prices rose Thursday as expectations that the Fed will pause its rate tightening cycle this year. Spot gold was up 0.2% at $1,295.84 oz as of 0556 GMT, hanging near Friday’s at $1,298.42, a mark last seen in mid-June 2018. US gold futures gained […]

Gold 1 OZ (XAU=X) 2019 average gold price of $1314

Gold 1 OZ (XAU=X) 2019 average gold price of $1314

Gold 1 OZ (XAU=X) 2019 average gold price of $1314 New data today put the 19-nation Eurozone’s jobless rate down at 7.9%, a fresh 10-year low, while No.1 economy Germany reported a larger-than-expected surplus on its trade balance. As the Euro ticked higher against the Dollar on the FX market, the price of large wholesale gold […]

United States Oil (USO) hopes that Washington and Beijing can resolve a trade dispute

United States Oil (USO) hopes that Washington and Beijing can resolve a trade dispute

United States Oil (USO) hopes that Washington and Beijing can resolve a trade dispute Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown. U.S. West Texas Intermediate (WTI) crude oil futures were at $50.29 per barrel as […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Lower USD Lower Crude Oil Up Stocks Higher In Asia Note: US President Donald Trump wrote on Twitter overnight that “Talks with China are going very well!” Gold: Gold treads lower on improved risk appetite, while Palladium marks record highs Spot gold slipped 0.2% to $1,282.61 oz by 0600 GMT, and US gold futures settled down 0.1% at […]

The World is Awash in Crude Oil: BP Discovers 1-B bbl More in Gulf

The World is Awash in Crude Oil: BP Discovers 1-B bbl More in Gulf

BP (NYSE:BP) said it has discovered 2 new oilfields in the Gulf of Mexico and has identified an additional billion barrels of Crude Oil at an existing field thanks to new seismic technology. The British company recently turned a corner following the deadly Y 2010 Deepwater Horizon spill Tuesday announced plans to expand production at […]

United States Oil (USO) OPEC-led supply cuts tightened markets

United States Oil (USO) OPEC-led supply cuts tightened markets

United States Oil (USO) OPEC-led supply cuts tightened markets Oil prices rose on Tuesday on hopes that U.S.-Chinese talks in Beijing would bring a halt to trade disputes between the world’s biggest economies, while OPEC-led supply cuts tightened markets. International Brent crude futures LCOc1 were at $57.77 per barrel at 0113 GMT, up 44 cents, […]

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 Lower Crude Oil Stable Stocks Dip In Asia Note: Presidents Trump to speak to the Nation Tuesday on Key issues of national security. Gold: Gold held steady Tuesday as bets on a pause in US interest rate hikes and hopes of a US-China trade deal put pressure on USD, but an improved risk appetite capped gains for the […]

United States Oil (USO) optimism that talks could soon resolve the trade war

United States Oil (USO) optimism that talks could soon resolve the trade war

United States Oil (USO) optimism that talks could soon resolve the trade war Oil prices rose by more than 1 percent on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported the market. Brent crude futures were at $57.75 […]

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

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

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Up Stocks Higher In Asia Note: Presidents Trump and Xi spoke Sunday, tone was optimistic as US trade representatives arrived in Beijing for official trade talks Monday. Gold: Gold rose Monday, helped by a weaker USD on expectations that the Fed may/will apply brakes on its monetary tightening cycle in Y 2019, an […]

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Up Stocks Higher In Asia Note: Asian shares found some comfort Friday as Beijing announced a new round of trade talks with Washington, though recession fear has markets betting the next move in US interest rates might be down. And Chinese Premier Li Keqiang also signaled further policy easing and support for small […]

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

Asia 2019: Gold, USD, Crude Oil, Stocks & Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Lower Crude Oil Down Stocks Higher In Asia Gold:  Gold prices scaled a more than 6-month highs Thursday as worries about a global economic slowdown and volatility in equities boosted safe-haven buying, while a weaker USD offered support. Spot gold touched its highest mark since 15 June at $1,290.09, and was trading up 0.3% at $1,288.43 […]

United States Oil (USO) 2019 Will Not be a Good Year

United States Oil (USO) 2019 Will Not be a Good Year

United States Oil (USO) 2019 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 13.66. The projected lower bound is: 4.07. The projected closing price is: 8.86. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

United States Oil (USO) global oversupply and economic worries weigh on sentiment

United States Oil (USO) global oversupply and economic worries weigh on sentiment

United States Oil (USO) global oversupply and economic worries weigh on sentiment Oil prices rebounded on Friday, clawing back some of the ground lost this week, but remained close to their lowest levels in more than a year as rising U.S. inventories and concern over global economic growth kept markets under pressure. Brent crude oil was up $1.20, or […]

In Asia: Gold Up, USD Off, Stocks Up + Commodities

In Asia: Gold Up, USD Off, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Up USD Off Crude Oil Choppy Stocks Higher Notes: Selling pressure on US equities is beginning to fade, but the VIX is still around 29 with investor risk sentiment still recovering. The CBOE Volatility Index rose mid-week to 36, its highest mark since early February. It has since pulled back to 29, still above a recent […]

United States Oil (USO) worries over a glut in crude supply

United States Oil (USO) worries over a glut in crude supply

United States Oil (USO) worries over a glut in crude supply Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 8 […]

In Asia: Gold Flat, USD Off, Stocks Up + Commodities

In Asia: Gold Flat, USD Off, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Flat USD Off Crude Oil Lower Asian Stocks Higher Notes: There was no single trigger for the overnight relief rally on Wall Street, though a Mastercard Inc report that sales during the US holiday shopping season rose the most in 6 years in Y 2018 helped allay concerns about the health of the US economy There […]

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Soft Crude Oil Mixed Asian Stocks Mixed  Note: US President Trump shut down the government Friday, as Senate did not vote to fund The Wall, Congress reconvenes Wednesday. In Asia Gold: Gold prices hit a 6-month high Wednesday as concerns over global growth prompting investors to seek refuge in the precious Yellow metal. Spot gold climbed […]

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

In Asia: Gold Up, USD Soft, Stocks Up + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Soft Crude Oil Up Asian Stocks Higher  Note: US President Trump, could shut down the government Friday, as Senate did not vote to fund The Wall at the southern border, Congress reconvenes Wednesday. In Asia Gold: Gold prices rose Monday, holding ground near a 6-month high hit last week, as investors are still concerned about political […]

United States Oil (USO) plunge to their lowest levels in over a year

United States Oil (USO) plunge to their lowest levels in over a year

United States Oil (USO) plunge to their lowest levels in over a year Oil prices plunged to their lowest levels in over a year on Thursday, deepening a sell-off fueled by concerns about oversupply as stock markets slumped on rising U.S. interest rates. U.S. West Texas Intermediate crude ended Thursday’s session down $2.29, or 4.8 percent, […]

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady USD Down Crude Oil Up Asian Stocks Off  Note: US President Trump, could shut down the government Friday if the Senate does not vote in the House bill to fund The Wall at the southern border. In Asia Gold: Gold prices steadied on Friday, holding firm near 6-month highs marked in the prior session, as […]

United States Oil (USO) closed higher amid falling U.S. oil inventories

United States Oil (USO) closed higher amid falling U.S. oil inventories

United States Oil (USO) closed higher amid falling U.S. oil inventories Crude oil prices closed higher amid falling U.S. oil inventories and a Saudi pledge to extend recent production cuts, with the latest Fed rate hike having little impact Wednesday. U.S. Oil Inventories And Production Data The Energy Information Administration’s weekly data report had little […]

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

In Asia: Gold Steady, USD Down, Stocks Off + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady USD Down Crude Oil Off Asian Stocks Off  Notes: The Federal Open Market Committee (FOMC) announce its interest rate stance Wednesday, the market sold off. In Asia Gold: Gold prices steadied on Thursday, after shedding half a percent in the previous session as the Fed delivered a less-dovish outlook on monetary tightening than many wanted and had […]

US Lawmakers Want Oil & Gas Pipeline Cyber Security

US Lawmakers Want Oil & Gas Pipeline Cyber Security

$USO, $UNG  Congressional lawmakers urged the Department of Homeland Security Wednesday to better protect US Crude Oil and Nat Gas pipelines from cyberattacks, after a report detailed a lack of federal oversight of the critical conduits. A federal report released Wednesday said Homeland Security’s Transportation Security Administration, or TSA, does not have a process to […]

United States Oil (USO) worries about oversupply and a slowing global economy

United States Oil (USO) worries about oversupply and a slowing global economy

United States Oil (USO) worries about oversupply and a slowing global economy U.S. oil prices rose on Wednesday to claw back part of their more than 5 percent losses from the previous session, with worries about oversupply and a slowing global economy keeping markets under pressure. U.S. crude oil had climbed 37 cents, or 0.8 percent, […]

In Asia: Gold Up, USD Down, Stocks Off + Commodities

In Asia: Gold Up, USD Down, Stocks Off + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Off Asian Stocks Off  Notes: The Federal Open Market Committee (FOMC) will announce its interest rate stance at 2:00p EST Wednesday, the market is focused. In Asia Gold: Gold prices moved to 5-month highs Wednesday as a softer USD supported the coin and bar buyers, while investors awaited cues on the rate […]

United States Oil (USO) tumbled more than 35 percent since early October

United States Oil (USO) tumbled more than 35 percent since early October

United States Oil (USO) tumbled more than 35 percent since early October U.S. oil prices fell 1 percent on Tuesday after slipping below $50 a barrel in the previous session, with reports of a big climb in U.S. inventories and forecasts of record shale output stoking worries about oversupply. Concerns around future oil demand amid […]

In Asia: Gold Up, USD Down, Stocks Cautious + Commodities

In Asia: Gold Up, USD Down, Stocks Cautious + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Off Asian Stocks Cautious  Notes: We do not believe OPEC cuts will work this time around with Qatar going out and Iran refusing to cut, and there is a Big Q is when Russia will go to its agreed production level. US shale oil production will continue to increase. So, […]

United States Oil (USO) EIA confirms another inventory draw

United States Oil (USO) EIA confirms another inventory draw

United States Oil (USO) EIA confirms another inventory draw The U.S. Energy Department’s inventory release showed that crude stockpiles recorded a second straight weekly draw. The decline – though lower than anticipated – helped to prop up the commodity, which was also supported by reports of Saudi Arabia preparing to cut shipments to refiners in […]

In Asia: Gold Flat, USD Firm, Stocks Cautious + Commodities

In Asia: Gold Flat, USD Firm, Stocks Cautious + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Flat to Little Changed USD Mixed/Firm Crude Oil Steady Asian Stocks Cautious  Notes: We do not believe OPEC cuts will work this time around with Qatar going out and Iran refusing to cut, and there is a Big Q mark when Russia will go to its agreed production level. And US production will go on […]

United States Oil (USO) campaign to undermine U.S. fuel economy standards

United States Oil (USO) campaign to undermine U.S. fuel economy standards

United States Oil (USO) campaign to undermine U.S. fuel economy standards The oil industry engaged in a secret public relations campaign to undermine U.S. fuel economy standards, according to a new investigation from the New York Times. One of the main actors was the largest oil refiner in the country, Marathon Petroleum. Marathon, along with others, ran […]

In Asia: Gold Steady, USD Mixed/Firm, Stocks Falling + Commodities

In Asia: Gold Steady, USD Mixed/Firm, Stocks Falling + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady USD Mixed/Firm Crude Oil Off Asian Stocks Falling In Asia Notes: China feeling the pain, the nation’s November retail sales grew at the weakest pace since Y 2003 and industrial output rose the least in nearly 3 years as domestic demand softened further, underlining rising risks to the economy as Beijing now works to quickly […]

United States Oil (USO) U.S. government data showed domestic crude supplies declined

United States Oil (USO) U.S. government data showed domestic crude supplies declined

United States Oil (USO) U.S. government data showed domestic crude supplies declined Oil prices gave up earlier gains Wednesday to finish a bit lower, after U.S. government data showed domestic crude supplies declined for a second week in a row, but by much less than the market expected. The Energy Information Administration reported early Wednesday […]

In Asia: Gold Flat, USD Weakening, Stocks Rising + Commodities

In Asia: Gold Flat, USD Weakening, Stocks Rising + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices flat USD Weakening Crude Oil Up Asian Stocks Rising In Asia Note: Reuters reported Wednesday that Chinese state-owned companies have bought more than 1.5-M tonnes of US Soybean in the 1st major US Soybean purchases in more than 6 months.  Markets are slowly growing less pessimistic about the chances of a US-China trade deal after a […]

United States Oil (USO) United States will conclude 2018 as the world’s largest producer of crude oil

United States Oil (USO) United States will conclude 2018 as the world’s largest producer of crude oil

United States Oil (USO) United States will conclude 2018 as the world’s largest producer of crude oil U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end 2018 […]

Gold Up, USD Down, Stocks Rising + Commodities

Gold Up, USD Down, Stocks Rising + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Up Asian Stocks Rising In Asia Gold: Gold prices climbed Wednesday morning in Asia, despite indications that the Fed might lower interest rates in the next 2 years. Gold Futures for February delivery hiked 0.18% to $1,250.55 at 11:37p EST (03:37 GMT) on the COMEX, while the US Dollar (.DXY), tracking the […]

Gold Up, USD Down, Stocks Falling + Commodities

Gold Up, USD Down, Stocks Falling + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Up Asian Stocks Declining In Asia Gold: Gold prices up Tuesday in Asia as the USD fell. Gold futures for February delivery on the COMEX division of the New York Merc traded 0.3% higher at $1,252.70 oz by 1:24 AM EST (05:24 GMT).  The precious Yellow metal marked its biggest weekly gainer since August last week. Technically, the break of $1,250 […]

Gold Up, USD Down, Stocks Falling + Commodities

Gold Up, USD Down, Stocks Falling + Commodities

$GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Mixed Asian Stocks Declining In Asia Gold: Gold prices are up Monday in Asia on a softer USD, gold for February delivery on the COMEX division of the New York Merc traded 0.2% higher at $1,254.75 oz by 1:24a EST (05:24 GMT).  Gold prices were near at their highest level since July on Friday and notched up […]

China Feels the Pain as Exports, Imports Shrink, Markets Collapse

China Feels the Pain as Exports, Imports Shrink, Markets Collapse

China Feels the Pain as Exports, Imports Shrink, Markets Collapse $SOY, $USD, $UNG China has reported weaker than expected November exports and imports, showing slower global and domestic demand and raising the likelihood that more measures to keep the country’s growth rate from slipping too much will be put in place. November exports only rose […]

$5-B in Tariffs Collected in October From US-China Trade Dispute

$5-B in Tariffs Collected in October From US-China Trade Dispute

$5-B in Tariffs Collected in October From US-China Trade Dispute On Thursday and again on Friday, President Trump Tweeted that talks with China are going well. According to the data, the tariffs which are often paid by importers, who then pass the added costs onto companies to whom the products belong are may fall on the shoulders of […]

Gold Up, USD Down, Stocks Recovering + Commodities

Gold Up, USD Down, Stocks Recovering + Commodities

Gold Up, USD Down, Stocks Recovering + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Fell Asian Stocks Recovering Notes: Markets await US NFPs data, expected at 0830 EST (1330 GMT), for clues about the health of the world’s biggest economy which could influence FOMC monetary policy. NFPs for November are expected to fall by 200,000 jobs. US unemployment and […]

Markets Flash ‘Slowdown’, Fed Turns ‘Dovish’

Markets Flash ‘Slowdown’, Fed Turns ‘Dovish’

Markets Flash ‘Slowdown’, Fed Turns ‘Dovish’ $JPM, $USO The Fed is likely to deliver some response to the wave of risk aversion hitting global markets, according to JPMorgan Asset Management’s fixed-income Chief. Policy makers can hardly ignore inversions showing up on the yield curve while a violent sell-off rocks US stocks on trade tensions, European […]

Gold Up, USD Down, Stocks Down + Commodities

Gold Up, USD Down, Stocks Down + Commodities

Gold Up, USD Down, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Down Crude Oil Fell Asian Stocks Down In Asia Gold: Gold is higher Thursday as growing risk aversion weighed on USD Spot gold up 0.2% at $1,239.86 oz as of 0429 GMT US gold futures up 0.2% at $1,244.9 oz. Note: Technicals; Spot gold may test resistance at $1,245 oz Markets are […]

China Confident it Can Make President Trump’s Trade Deal

China Confident it Can Make President Trump’s Trade Deal

China Confident it Can Make President Trump’s Trade Deal $USO, $SOY, $UNG Wednesday, China expressed confidence that it can reach a trade deal with the United States. The remarks by the Chinese Commerce Ministry from Beijing followed Presidents Trump and Xi declaring a truce in the trade dispute at a meeting in Argentina Saturday evening. […]

United States Oil (USO) pressured by a weekly report from the American Petroleum Institute

United States Oil (USO) pressured by a weekly report from the American Petroleum Institute

United States Oil (USO) pressured by a weekly report from the American Petroleum Institute  Oil prices were pressured by a weekly report from the American Petroleum Institute (API) that said U.S. crude inventories rose by 5.4 million barrels in the week to Nov. 30, to 448 million barrels, in a sign that U.S. oil markets […]

Gold Dipped, USD Up, Stocks Down + Commodities

Gold Dipped, USD Up, Stocks Down + Commodities

Gold Dipped, USD Up, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Dipped USD Up Crude Oil Fell Asian Stocks Down In Asia Gold: Gold prices dipped Wednesday, retreating from a more than 5-week high marked in Tuesday’s session. Spot gold was off 0.3% at $1,234.71 oz, as of 0422 GMT US gold futures were down 0.5% at $1,240.2 oz. Gold is mainly […]

Gold Up, USD Falls, Stocks Down + Commodities

Gold Up, USD Falls, Stocks Down + Commodities

Gold Up, USD Falls, Stocks Down + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Up USD Falls Crude Oil Up Asian Stocks Down Gold: Gold prices gained Tuesday, after hitting a more than 1-month high earlier in the session, as USD slipped after the US and China agreed to a temporary truce in their trade conflict spurring global stock markets North US gold futures (GCcv1) […]

President Trump Expects China to Act Immediately on Trade Issues, the Details

President Trump Expects China to Act Immediately on Trade Issues, the Details

President Trump Expects China to Act Immediately on Trade Issues, the Details The Trump Administration expects immediate action by China on trade issues after a deal reached by the countries’ leaders, including lower tariffs on automobiles and measures against intellectual property theft and forced technology transfers, a White House official said Monday. US President Donald […]

New Orders Surge, US Manufacturers Expand Pace

New Orders Surge, US Manufacturers Expand Pace

New Orders Surge, US Manufacturers Expand Pace $SOY, $UNG, $USD US manufacturers expanded at a faster pace in November as new orders surged, a positive sign for domestic economic growth heading into Y 2019. The Institute for Supply Management, an association of purchasing managers, said Monday its manufacturing index rose to 59.3 last month from 57.7 in […]

United States Oil (USO) announcement of a 90-day pause on additional trade tariffs between China and the U.S.

United States Oil (USO) announcement of a 90-day pause on additional trade tariffs between China and the U.S.

United States Oil (USO) announcement of a 90-day pause on additional trade tariffs between China and the U.S. Oil prices surged on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in […]