Gold Prices Steady, Trade Concerns Pressure USD + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT In Asia Asian stocks followed global indexes higher Thursday, as investors took a less bearish view on the impact of the US-China trade war on markets, a sharp contrast to dim expectations economists had on US growth amid the […]
United States Oil (USO) prices pulled back from gains racked up in the previous session Oil prices on Wednesday pulled back from gains racked up the previous day, pushed down amid a surprise climb in U.S. crude stockpiles. Brent crude futures had dropped 22 cents, or 0.28 percent, to $78.81 per barrel by 0042 GMT, chipping […]
Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]
United States Oil (USO) lower as trade tensions heightened between the US and China Crude oil futures were lower in mid-morning trade in Asia Tuesday as trade tensions heightened between the US and China, shrugging off analyst expectations of a further draw in US crude stocks. The heightened tension over US-China tariffs saw the market […]
Crude Oil Prices Soften on Renewed Trade Concerns $USO, $OIL NYMEX WTI Crude Oil prices settled modestly lower Monday, as gains on expectations for steep losses of Iranian Crude Oil were offset by fears that rising US-China tensions could soften global demand. On the New York Merc, Crude Oil futures for November delivery fell 19c to […]
United States Oil (USO) Uncertainty prevails over how many countries will stop importing oil from Iran Brent, the international benchmark for crude oil, could to rise above $85 per barrel in the coming months due to a combination of US sanctions on Iran and a potential Opec supply crunch, analysts say. West Texas Intermediate (WTI), […]
America First, Financial Markets Briefing $SPY, $USD, $OIL, $USO, $USD, $CU Hong Kong, China equities slide Monday on trade concerns WS-J reporting Monday that China could skip trade talks with US Stocks in Asia opened the week under pressure after the latest US move to place a 3rd tranche of tariffs on Chinese goods, as […]
Gold-Silver Ratio at Highest Mark in 27 Years $GLD, $SLV, $OIL, $SPY, $QQQ The Gold-Silver Ratio has been one of the most reliable technical ‘buy’ indicators for Silver, whenever the ratio climbs above 80. The Big Q: Is the current spike in the gold/silver ratio forecasting another stock market crash? The gold-to-silver ratio has moves […]
United States Oil (USO) United States this year became the largest crude oil producer The United States this year became the largest crude oil producer, surpassing Russia and Saudi Arabia, according to preliminary estimates from the Energy Information Administration. Although following the June 22 agreement between OPEC and Russia to up production to rein in prices Russia […]
United States Oil (USO) prices slip as economic growth concerns counter tighter supplies Falling U.S. crude inventories helped push oil back over $70 a barrel Wednesday. Crude stockpiles fell by 5.3 million barrels last week, a decline that was only partially offset by a 1.3 million increase in gasoline inventories, the Energy Department reported. But […]
United States Oil (USO) Market eyes Hurricane Florence as it approaches the U.S. East Coast Crude-oil futures rallied Tuesday, finding support as a major hurricane approaching the U.S. East Coast boosted demand for fuel and threatened the flow of gasoline through a key pipeline. The U.S. government also cut its forecasts for domestic production and […]
Hurricane Florence Driving Crude Oil and Gasoline Higher $USO, $OIL, $UGA Crude Oil and Gasoline posted the biggest gainers since late June as Hurricane Florence threatened US East Coast fuel markets and sanctions began crimping Iranian Crude Oil exports. Crude Oil futures in New York climbed 2.5%, while gasoline futures popped higher by 2.8% Tuesday. […]
United States Oil (USO) South Korea first country to comply with the U.S. sanctions on Iran South Korea has become the first of Iran’s top-three oil customers to fulfill a hard-line U.S. demand that buyers cut imports to zero. The Asian nation didn’t import any crude from Iran last month, compared with 194,000 barrels a […]
United States Oil (USO) Washington’s sanctions against Iran’s crude exports kick in Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. U.S. West Texas Intermediate (WTI) crude futures were at $68.19 per barrel at […]
Crude Oil Rises as US Drilling Slows, Trump’s Sanctions Against Iran Loom $USO, $OIL Crude Oil prices rose Monday as US drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s Crude Oil exports kick in from November forward. US West Texas Intermediate (WTI) Crude Oil futures were […]
United States Oil (USO) prices rose on Friday after U.S. crude inventories fell to their lowest levels since February Oil prices rose on Friday after U.S. crude inventories fell to their lowest levels since February 2015. U.S. West Texas Intermediate (WTI) crude futures were at $67.90 per barrel at 0056 GMT, up 13 cents, or […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Overall, the Northside appears limited for Crude Oil prices near term. PE Note: Crude Oil prices rose a bit after release of the US inventory data that states a fall to 15 February low of 401.49-M bbls. Crude Oil and Metals NYMEX WTI Crude Oil at 67.87 could be […]
United States Oil (USO) emerging market turbulence’s weighed on sentiment U.S. sanctions against Iran, however, prevented prices from falling further as they are expected to tighten the market after being implemented from November, traders said. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $68.59 per barrel at 0645 GMT, down 13 cents, or […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Concerns about Tropical Storm Gordon’s minor impact along Gulf of Mexico and Central Gulf coast could have aided a fall in Crude prices Wednesday. Also, there are talks of a possible period deadline ending today for the US tariffs on another $200-B of […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Again, Crude Oil prices have risen the notion that the Iran sanctions could limit supply globally without possibly hurting the demand from China. But the prices face rejection from resistance at these marks as we saw on Tuesday. PE Crude Oil and Metals NYMEX WTI Crude Oil at 69.48, now seeing […]
United States Oil (USO) prices rise as Gulf oil rigs evacuated ahead of hurricane U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. U.S. West Texas Intermediate (WTI) crude futures were at $70.05 per barrel at 0353 GMT, up […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Again, Crude Oil prices have risen on indication that the Iran sanctions could limit supply globally without possibly hurting the demand from China. But the prices face rejection from resistance at these marks this week. PE Crude Oil and Metals NYMEX WTI Crude Oil at 70.06 seeing 1st resistance at […]
United States Oil (USO) extending gains on growing evidence of disruptions Brent crude oil LCOc1 rose 63 cents a barrel to settle at $77.77. U.S. crude CLc1 settled 74 cents higher at $70.25 a barrel, after earlier hitting a session high of $70.50. Both contracts were at their highest in more than one month. A […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Again, Crude Oil prices have risen on indication that the Iran sanctions could limit supply globally without possibly hurting the demand from China. But the prices face rejection from resistance at these marks yet this week and next. With the EIA report Wednesday stating […]
United States Oil (USO) got additional support today from the declining inventories across the board Oil prices rose more than 1 percent on Wednesday, with Brent at its highest in seven weeks and U.S. crude touching a three-week peak, supported by a drawdown in U.S. crude and gasoline stocks and reduced Iranian crude shipments as […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Crude Oil prices have risen on indication that the Iran sanctions could limit supply globally without possibly hurting the demand from China. But the prices face rejection from resistance at these marks yet this week and next. With the EIA report Wednesday stating […]
United States Oil (USO) slips on rising U.S. supply Crude oil futures were stable to slightly lower in mid-morning trade in Asia Wednesday after the release of mildly bearish US inventory data and the suspension of strike action in the North Sea. US crude stocks rose 38,000 barrels in the week ended August 24, according […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Crude prices dipped after news of unexpected gains in the US stockpiles was reported by the API dat. Overall medium term looks Bullish while trading above current support marks. PE Crude Oil and Metals NYMEX WTI Crude Oil at 68.58 and ICE Brent Crude Oil at 75.99 now […]
United States Oil (USO) prices extend gains amid weaker U.S. dollar Oil prices kept rising on Monday as a weaker U.S. dollar made the dollar-priced commodity more attractive for holders of other currencies. The U.S. dollar retreated further on Monday amid reports that the United States and Mexico struck a trade deal that might pave […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Crude Oil prices look Bullish near term on expectations that weekly US inventory data will show a decline and sanctions on Iran will impact supply. PE Crude Oil and Metals NYMEX WTI Crude Oil at 68.92 and ICE Brent Crude Oil at 76.29 can move 71-72 and 78 respectively. […]
United States Oil (USO) dipped slightly on Monday on concerns about US-China trade dispute Oil prices fell on Monday on concerns the U.S.-China trade dispute will erode global economic growth, although looming U.S. sanctions against Iran’s oil sector kept crude from falling further, traders said. Washington will target Iran’s oil exports with sanctions from November. […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Hard commodities have risen in here, while that continues, they look Bullish near term. PE Crude Oil and Metals NYMEX WTI Crude Oil at 68.57 has room to rise to 72 or higher while trading above 68. Near term looks Bullish for this week. ICE Brent Crude Oil […]
United States Oil (USO) continues to stagger forward without direction The oil market continues to stagger forward without direction, and the EIA data is offering little clarity. Just last week, the EIA reported a sharp build up in crude oil inventories, raising concerns about over supply. But inventories have seesawed back and forth for much […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Crude Oils at resistances Copper and Gold testing lower. PE Crude Oil and Metals NYMEX WTI Crude at 68.21 seeing resistance here, and needs to break to the Northside to continue rising to 70. Note: Above 68.50, resistance is seen at 70. ICE Brent Crude at 75.05 faces resistances […]
United States Oil (USO) Prices Jump On Steep Inventory Drop Donald’s Trump’s sanctions would drive Iranian oil exports down in order to force behaviour change on Tehran regime. The US is prepared to use sanctions to drive Iranian oil exports down to zero, the US national security adviser, John Bolton, has said. “Regime change in […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Crude Oil moved up Copper and gold fall off. PE Crude Oil and Metals Gold and Copper looks weak while crude prices could move up further in the near term. NYMEX WTI Crude at 67.97, and Ice Brent Crude at 74.74 bot are up sharply after EIA […]
United States Oil (USO) rises on U.S. crude inventories The U.S. plans to release 11 million barrels of oil from its 660-million-barrel emergency stockpile, just as American sanctions on Iranian oil exports kick in. The sour, high-sulfur crude will hit the market in October and November, according to a notice of sale from the Energy […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Gold, Crude Oil and Copper moves higher, but have major overhead resistances, which could limit the Northside. Crude Oil seen trading sideways. PE Note: Helping commodity prices was a drop in the dollar after President Donald Trump said he was “not thrilled” with the Federal Reserve for […]
United States Oil (USO) mixed on expected US stock draw Crude oil futures were mixed during mid-morning trade in Asia Tuesday, with the NYMEX WTI contract ticking up on expected US crude stock draws while the ICE Brent contact edged lower on indications of supply increases elsewhere. Analysts surveyed Monday by S&P Global Platts were […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Commodities mostly look stable to weak medium term. Some sideways consolidation near term is possible with a possible test of respective resistances in Crude Oil. PE Note: Gold and Copper have risen a bit, but have major overhead resistances, which could limit the Northside. Crude Oil […]
US DOE Offers 11-M Bbl Crude Oil from Strategic Reserve $USO, $OIL, $VLO, $PSX US Department of Energy (DOE) is offering 11-M bbl of Crude Oil for sale from the nation’s SPR (Strategic Petroleum Reserve) ahead of sanctions on Iran that may reduce global supplies of Crude Oil The delivery period for the proposed sale […]
United States Oil (USO) concerns of slowing economic growth Oil prices plunged on Wednesday after government data showed a big, unexpected jump in stockpiles of U.S. crude, compounding pressure as the outlook for global economic growth darkened and the stock market slumped. U.S. light crude ended Wednesday’s session down $2.03 a barrel, or 3 percent, […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Commodities mostly look stable to weak medium term. Some sideways consolidation near term is possible with a possible test of respective resistances in Crude Oil. PE Crude Oil and Metals NYMEX WTI Crude at 65.01) and ICE Brent Crude 71.59 are up a bit from Friday’s […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Agriculture commodities are up on US-China trade talks. Crude Oil off on supply./demand issues my view is Bearish in here. PE Crude Oil and Metals Crude Oil prices fell Friday, with NYMEX WTI Crude heading for a 7th weekly decliner on increasing concerns about slowing global economic […]
US Stock Broke Out Above Strong Resistances Extending the Longest Bull Run on Record $DIA, $SPY, $QQQ, $RUTX, $VXX HeffX-LTN’s overall out look for the US equities market is Bullish Stocks rallied Thursday, the S&P 500 opened higher and extended gains into the afternoon, the benchmark index finished +0.8% off its session highs. The DJIA […]
United States Oil (USO) production set new records U.S. crude oil inventories grew by 6.8 million barrels in the week ending Aug. 10 even as refineries consumed 18 million barrels of oil a day. Oil stockpiles increased to 414.2 million barrels, about one percent above the five year average for this time of the year, […]
US Sanctions 3 Shipping Firms Over NKorea Strategic Trade Wednesday, The Trump Administration imposed additional sanctions on 3 foreign companies the US Treasury Department sayd are helping NKorea with illicit shipments of goods to fund its nuclear program. The US Treasury Department said it was taking action against the companies, which are based in China, […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Commentary: Almost all major commodities have fallen sharply and trading lower. Near term view is Bearish in here. PE Crude Oil and Metals NYMEX WTI Crude at 64.96 is off sharply and looks Bearish near term to 62-60. ICE Brent Crude at 71.00 sees 1st […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals Commodities at the close in New York Tuesday NYMEX WTI Crude Oil -0.3% to 67.05 (USO) Gold +0.1% to 1200.60 oz (GLD) Copper -1.8% to 2.68 lb (CU) Commentary: The hard commodities have weakened, while the agriculture commodities have strengthened in here. PE […]
United States Oil (USO) China Market Critical for US Oil New Chinese tariffs are set to affect a wide array of refined products and plastics exports from Houston, but for now crude oil and liquefied natural gas exports are exempted. Oil traders said they see the removal of US crude from the tariff list as […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals Commentary: These commodities look stable in here. PE NYMEX WTI Crude at 67.53 looks likely to hold below resistance at 68 in here moving down to re-test 66. ICE Brent Crude at 72.92 looks like it trade within the 73.50-71.00 zone during the next 3 […]
Saudi Arabia Reduced Its Crude Oil Production in July $OIL, $USO NYMEX WTI Crude Oil -0.5% closed at 67.28 bbl (USO) 13 August 2018 OPEC released its monthly Oil Market Report Monday. Saudi Arabia did reduce Crude Oil production in July following preliminary reports last week, despite its agreement to raise output, following recent OPEC/NOPEC […]
US Retail Sales Strong in 2018 $M, $WMT, $COST, $USO NRF Lifts 2018 Retail Sales Forecast on Strong Job Market, Tax Reform The National Retail Federation on Monday raised its US retail sales forecast for Y 2018, citing higher wages, gains in disposable income and a strong job market that have boosted consumer spending. The […]
United States Oil (USO) market has experienced a “cooling down” this summer The oil market has experienced a “cooling down” this summer as global supply disruptions have eased at a time when demand has also slowed a bit, according to a new report from the International Energy Agency (IEA). But that pause may only be […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals Commentary: These commodities look stable in here. PE NYMEX WTI Crude at 67.65 could trade in the 68.50-66.00 range near term. Long term support is seen, which if holds is Bullish WTI Crude could move to 70 or higher medium term. […]
Where is the ‘420’ Money Coming from Elon? $TSLA Tesla’s (NASDAQ:TSLA) CEO Elon Musk still has not said where the Money to take Tesla private at ‘420’ would come from. Tuesday, Elon Musk did not just say he was considering taking Tesla private Tuesday. He said the funding to do so was “secured.” No one knows […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals NYMEX WTI Crude at 66.83 is neutral trading below 68, while theat resistance holds, the price can head South to 64-63 now. ICE Brent Crude at 72.14 has support at 71, which has been holding. A test to 71 […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals NYMEX WTI at 67.10 came off, and if it does not bounce now, the price will likely continue South near term. So, we wait for confirmation to assure Bearishness in Crude Oil prices next week. ICE Brent Crude at […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals ICE Brent Crude at 74.59, and NYMEX WTI Crude Oil at 69.23 are up a bit. WTI Crude tested 70 for 2 sessions running, but came off sharply closing lower. If 70 holds in here, we may see another dip to […]
Iran Deal was Fatally Flawed, the Reinstatement of Sanctions is in Order The United States should never have entered into the international nuclear deal with Iran, and President Donald Trump is right to choose a stronger stance against the country’s regime, Representative Lee Zeldin (R-NY) said Tuesday. “I think it is outstanding,” the New York Republican […]
Iran on the Verge of Collapse Willing to Talk with US ‘Right Now’ Iranian President Hassan Rouhani says he’s willing to talk to the US “right now”. His statement comes as US sanctions on the country took effect Tuesday. They were previously relaxed under the Y 2015 Iran nuclear deal. President Rouhani said Monday: “I do not […]
Commodities Briefing: Hard and Soft $GLD, $SLV, $CU, $OIL, $CORN, $WEAT, $SOY Crude Oil and Metals ICE Brent Crude at 73.98 is likely to range trade within 72.50-74.00 in here. NYMEX WTI Oil art 69.09 now looks Bullish to me while trading above 68. WTI Crude may target 70-71 medium term. Gold at 1217.90 looks to […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 73.55, and NYMEX WTI Crude at 68.78 look Neutral. WTI Crude is ranged in here within 69.0-67.5, and may rise above 69, Brent Crude could move above 74 and could not in here. Gold At 1224.20 is up […]
United States Oil (USO) could be the next casualty in US-China trade war Oil prices rose on Thursday, reversing course after falling to the lowest point in six weeks overnight. The VLCC Tianjin left the Corpus Christi lightering zone in the Gulf of Mexico on June 19 with nearly 2.1 million barrels of US WTI/Midland […]
President Trump Shreds Hussein Obama Fuel Mileage Regulation $UGA, $USO The Environmental Protection Agency and National Highway Traffic Safety Administration jointly proposed Thursday to cap fuel economy requirements at a fleet average of 37 mpg starting in Y 2020. Under the Hussein Obama plan, the fleet-wide fuel economy would have risen to 47 mpg by […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 73.36 and NYMEX WTI Crude at 68.95 bounced supports, and they could start moving up medium term towards 78 and 72 in here. Gold at 1216.20 came off and can test to 1200 next week. Then a bounce from 1200 is […]
The U.S. Energy Information Administration (EIA) on Wednesday reported a large build in crude oil inventories and a production decline in the week ending July 27. According to the Weekly Petroleum Status Report, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 3.8 million barrels last week. The market’s […]
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Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE ICE Brent Crude at 72.79 has come down, it could test 72.50 before the price could rise back over the next couple sessions. Support is likely to hold and could possible take the price higher soon. Nymex WTI at 67.97 sees support at […]
United States Oil (USO) not be growing quite as fast as everyone thinks U.S. oil prices settled lower on Tuesday, contributing to a loss for the month of July. Prices on Tuesday saw pressure as concerns about Iranian oil eased back, even as President Donald Trump’s willingness to meet Iran’s president was not expected to […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.35)could bounce from support at 68. There is little support below 68. ICE Brent Crude at 73.89 came off from 76 and continues to lower. A test of support at 72.50 is possible now. Note: Both the Crude Oil […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 70.14, +0.01%, and ICE Brent Crude at 75.44, +0.63% bounced from support on the longer term charts and now look Bullish medium term. ICE Brent Crude could move to 78, NYMEX WTI Crude to 72. Gold at 1229.920, -0.13% […]
United States Oil (USO) marginally higher during mid-morning trade in Asia Monday This oil market is filled with a variety of bearish factors: rising U.S. production, rising Saudi production, an emerging U.S.-China trade war, a rising dollar, potential tapping of the U.S. Strategic Petroleum Reserve, a Brazil oil industry that is stronger than being reported, […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.82, +0.19% at 1st support, while that holds, a fall below 68 seems unlikely. A rise from 68 is possible in here, targeting 71. Near term looks Bullish above 68. ICE Brent Crude at 74.22, -0.09% is […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 69.55 can test at 71-72 before comes off medium term. We wait, we watch for now. ICE Brent Crude at 74.40 has bee moving up fro support at 71, while that holds the price may target 76 soon. […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 69.40, and ICE Brent Crude at 74.41 are trying to move up, while that continues, WTI Crude could move up towards 71-72 while Brent Crude could test 76+ near term. Gold (1232.40) if sustains a rise above 1230, could […]
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United States Oil (USO) larger-than-expected drop in weekly inventories Oil ended higher on Wednesday, with the U.S. benchmark extending gains after a larger-than-expected drop in weekly inventories. Futures rose as much as 0.6 percent in New York after adding 0.9 percent on Tuesday. U.S. inventories of crude, gasoline and distillates fell last week, the American […]
The GCC is Seeing a Resurgence in Real Estate $JLL With diversification plans taking shape, 10–year visas on the horizon and Crude Oil prices holding firm, investor sentiment has increased again in the GCC’s property market The resilience of the GCC’s real estate market has proven itself yet again this year, having weathered several stifling […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Not much strength is seen in the commodities in here. Crude Oil and Gold prices look Bearish, while Copper could remain ranged now. PE NYMEX WTI Crude at 68.80 and ICE Brent Crude 73.91 have risen from supports, and while they hold, the prices may […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Not much strength is seen in the commodities in here. Crude Oil and Gold prices look Bearish, while Copper could remain ranged now. PE NYMEX WTI Crude at 67.66,-0.34% dipped and has room to 66-65, while ICE Brent Crude at 72.77, -0.36% could also […]
United States Oil (USO) focus turned to oversupply worries Oil prices edged lower on Monday as the focus turned to oversupply worries, moving away from escalating tensions between the U.S. and Iran, which had driven prices higher early in the session. There’s a lot of uncertainty in oil right now, which can cause some of […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.10, -0.23% has room in the Southside to 65 and if the price falls, it likely drags ICE Brent Crude 72.85, -0.30% lower levels in here. Note: 70-71 is important support for ICE Brent Crude and is likely to […]
Crude Oil Price Falls for a 3rd Week Running $USO, $OIL Crude Oil posted a 3rd weekly loss, as Saudi Arabia’s reassurances that it will not flood the global market failed to offset a 4.2% price drop at the start of the week. Futures pared gains in New York Friday amid concern that escalating trade […]
Turkey and US Hold Talks on Coming Iran Sanctions $OIL, $GLD US and Turkish officials met Friday to discuss impending American sanctions on Iran. US Assistant Secretary for Terrorist Financing Marshall Billingslea, met with Turkish treasury and foreign ministry officials, said his talks in Ankara were very “positive” and that there was “no hostility” on […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI Crude at 68.10, -0.21%, and ICE Brent Crude at 72.56, -0.03% are hanging just above important support. Brent Crude could spend some time ranged within 74-71. WTI Crude has room on the Southside to 66.0-65.50,which is likely to hold […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Nothing new. PE NYMEX WTI at 68.81 is up from 67, while the price trades higher, it can test at 72. But, a fall from 70 open the way to 66-65 medium term. For now while above 67, price might move higher. ICE […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Commodities are in a downtrend and under strong Bear influence. PE Note: Crude Oil prices continue to fall on increased supply and reduced demand from China. Libyan production is rising, as is Russian output, and Saudi Arabia is pumping record volumes which is […]
US Considering Crude Oil Waiver on Iran Sanctions for 1 Country $OIL, $USO The Trump Administration is pushing countries to cut all imports of Iranian Crude Oil from November on. The US wants to avoid disrupting global Crude Oil markets as it reimposes sanctions against Tehran and in certain cases will consider waivers for countries […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Nothing new. PE ICE Brent Crude 72.25, +0.57% below support at 73 and now targets 70. The sharp fall in Crude Oil prices came in after comments from US Treasury Secretary Steven Mnuchin stated that the administration will consider the use of waivers for countries to […]
United States Oil (USO) closing below a key short-term level Crude-oil prices early Monday were trading sharply lower, with the U.S. benchmark on track to drop beneath a key short-term level that could imply near-term momentum for the commodity is eroding. August West Texas Intermediate crude CLQ8, -0.15% was trading at $69.56 a barrel, off […]
China and Russia back Iran The enemy of my enemy is my friend is an ancient proverb which suggests that two opposing parties can or should work together against a common enemy. Moscow and Tehran are expanding economic cooperation, with Russia planning multi-billion dollar investments in Iran’s energy sector. The move comes as major Western […]
World’s Biggest Oil (USO) Traders are Counting Hefty Losses The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market. Trading desks of oil major BP and merchants Vitol , Gunvor […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Nothing new. PE ICE Brent Crude at 74.84, -0.65% bounced from support, while that holds, Brent Crude is Bullish to 78-79 near term. NYMEX WTI Crude at 70.60, -0.58% has room on the Southside but may come 73 on a rise in Brent Crude, may not […]
President Trump, “Oil Prices are too high, Not good” $USO, $OIL, $UGA “An SPR release would have a psych impact on the market. It may not translate into lower gasoline prices, but it would immediately bring down Crude Oil prices until the market adjusts” The Trump Administration is considering tapping into the nation’s emergency supply […]
Iran has threatened to block the Strait of Hormuz, a vital artery for oil shipments from the Middle East. The warning comes in response to the US, which is trying to cut off Iranian crude exports. After pulling out of a landmark international deal curtailing Tehran’s nuclear program, Washington has ordered countries to cease buying […]
United States Oil (USO) holds ground at a more than 2-week low Oil settled on a mixed note Thursday, with U.S. benchmark prices posting a slight decline but global benchmark prices rebounding from the three-week low they hit a day earlier. A monthly report from the International Energy Agency hinted at an coming slowdown in […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are weak. PE ICE Brent Crude at 74.17, -0.38% has some support in here, and could bounce over the next few sessions targeting 77 […]
United States Oil (USO) prices lose 5%, drop back toward $70 a barrel U.S. oil prices dropped back toward $70 a barrel on Wednesday, losing 5% to finish at their lowest in over two weeks. The Energy Information Administration reported that U.S. crude supplies sank 12.6 million barrels last week. The news, however, failed to […]
Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary:Commodities may pause in here. Copper, Gold and Silver are likely to come off in the medium term, and Crude prices are weak. PE ICE Brent Crude 74.62 and NYMEX WTI Crude at 70.76 have fallen sharply. Note: Crude Oil prices started falling yesterday after […]