United States Oil (USO) – US-China trade deal to shake up global crude oil flows Sharply higher Chinese purchases of US energy products as part of the China-US trade deal will shake up global crude oil trade flows if American supplies squeeze rival crudes out of the top oil import market, trade sources have said. […]
United States Oil (USO) drops as U.S. to keep tariffs on Chinese goods until Phase 2 deal-Mnuchin Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese […]
United States Oil (USO) falls 1% as focus shifts to high U.S. fuel stocks Oil prices fell about 1% on Monday as Middle East tensions eased and investors turned their focus to lackluster seasonal demand following last week’s bearish U.S. report showing a large fuel stockbuilds. Brent crude <LCOc1> settled down 78 cents at $64.20 […]
United States Oil (USO) US threatens sanctions if China keeps buying Iranian oil Treasury Secretary Steven Mnuchin said he is working with China to cut off the minimal flow of Iranian oil exports to the country on “Sunday Morning Futures” with Maria Bartiromo. “We’ve cut off probably over 95% of the oil revenues, so there’s a […]
United States Oil (USO) up, stocks down after Iran missile attack on US troops Oil prices rose and global stock markets fell Wednesday after Iran fired missiles at U.S. bases in Iraq in retaliation for the killing of an Iranian general. Brent crude futures, the benchmark for international oils, spiked more than $3 per barrel […]
United States Oil (USO) prices sink after roller-coaster ride amid U.S.-Iran tensions Oil prices plunged over 4 percent on Wednesday after a roller-coaster ride as market participants assessed the possibility of a global crude supply disruption by monitoring the latest development of U.S.-Iran tensions. The United States killed Major General Qassem Soleimani, commander of Iran’s […]
United States Oil (USO) spikes after Iran attacks US forces The price of oil spiked Wednesday (Jan 8) after Iran launched revenge attacks on US forces in Iraq, making good on its pledge to hit back over the killing of its top general. The main US contract rocketed by more than 4.5 per cent as […]
United States Oil (USO) touches $70 as US-Iran clash sparks concerns over supplies Oil extended its gains, briefly surpassing $70 a barrel in London for the first time since September, as Middle East tensions flared after the U.S. assassinated one of Iran’s most powerful generals. Futures rose as much as 3.1% on Monday as the […]
$DIA $SPY $QQQ, $RUTX, $VXX, $SOY, $CORN, $XAU, $CU, $USO This is our 1st What to Watch in the commodities sector, it is an overview of what to expect. The picture mixed, complex picture that emerges. The list covers oil, gold, copper, iron ore, pork and more. The year’s 1st full week of trading could […]
United States Oil (USO) hits $70 as Iran exits nuclear deal, tensions intensify Oil extended its dramatic price surge as the fallout between the US and Iran escalated after the assassination of one of the Islamic Republic’s most powerful generals. Futures jumped above $70 a barrel in London as the US State Department said there’s […]
United States Oil (USO) market continues to see robust crude oil production from the USA, Canada, and Brazil Oil prices treaded water before settling slightly higher on the first trading day of 2020 amid concerns that U.S. crude production could rebound strongly. West Texas Intermediate, the U.S. crude benchmark, settled up 12 cents, or 0.2%, […]
United States Oil (USO) supported by U.S.-China trade optimism, Middle East tensions Oil prices kicked off the new year higher on Thursday as warming trade relations between the United States and China eased demand concerns, while rising tensions in the Middle East fueled worries about supply.Global benchmark. Brent crude futures, were up 22 cents, or 0.3%, […]
United States Oil (USO) on Track for Best Year Since 2016 as Supply Concerns Ease Oil is on track for the biggest yearly gain since 2016 as declining U.S. crude stockpiles eased oversupply concerns, and heightened geopolitical risk gave the commodity a boost. Futures in New York held near a three-month high Monday. American crude […]
The Next United States Oil (USO) Boom Is Happening Here ust as the U.S. shale industry is slowing down, oil production in other non-OPEC countries is on the rise. Output in U.S. shale grew substantially in 2019, although at a slower rate than in years past. More importantly, as investors lose interest and capital markets […]
United States Oil (USO) extends gains Oil rose for a third session as an industry report showed American inventories shrank and as optimism over a partial U.S.-China trade deal grew. Futures rose as much as 0.7% in New York, extending gains as trading resumed after the Christmas break. Prices are up more than 11% in […]
Family holidays. Full of love. Full of laughter. And full of the inevitable conversations with the family liberal who just does not want to believe how great America is doing with President Trump in office. Thanks to President Donald Trump, the American energy revolution is now underway. America is now the world’s largest oil producer […]
$SPY, $SPX, $USO, $NFLX S&P 500 stocks are on pace to close out the decade with the longest Bull market in history running. The Bull run began on 9 March 2009, has avoided falling into a Bear market several times over the past 10 years but is on course to continue into Y 2020 With […]
United States Oil (USO) holds near recent three-month highs amid optimism that the United States and China are close to signing a trade deal Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, with President Donald Trump saying […]
$SPY $SPX, $XAU, $USO, $USO For all the stress, worries and concerns about trade disputes, geopolitics and a slowing and overly indebted global economy, Y 2019 may be the best year investors have ever had. The numbers are staggering Global stocks have piled on more than $10-T, bonds have been on fire, Crude Oil has […]
United States Oil (USO) hover near highest levels since mid-September Oil prices held steady near three-month highs on Friday on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook. Brent futures rose 2 cents, or 0.03%, to 66.56 a barrel by 0145 GMT, while […]
United States Oil (USO) near three-month high after US inventories fall Oil prices remained in touching distance of three-month peaks on Thursday, extending a robust streak that began a week ago, after data showed US crude inventories had dropped while output cuts by major producers kept supply snug. Brent crude futures edged down 1 cent […]
United States Oil (USO) remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, […]
$GM, $USO US factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors (NYSE:GM) strike, in a sign of stabilization in manufacturing. The 1.1% increase in manufacturing output, the biggest gain since early 2018, followed a 0.7% decrease in October, Federal Reserve […]
United States Oil (USO) remain near a three-month high as investors kept the faith Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil demand in the world’s biggest […]
United States Oil (USO) Prices Fall as Investors Seek Clarity on U.S.-China Trade Deal Oil prices on Monday slid off near three-month highs hit last week as investors searched for clarity beyond the initial impact of a trade deal between the United States and China that’s expected to boost flows between the top two global […]
United States Oil (USO) market still unbalanced despite OPEC+ cuts Additional cuts by the powerful OPEC group of oil producers and its allies may not be enough to eliminate a glut of crude on the global market, the IEA warned on Thursday. Meanwhile, energy consumption by China is bounding higher – a signal that the […]
United States Oil (USO) surprise build in U.S. crude inventories Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday. Brent futures settled at $63.72 per barrel, […]
Unexpected increase in US stocks puts United States Oil (USO) under pressure Oil prices fell on Wednesday after industry data showed a surprise build in crude oil inventory in the US and as investors waited for news on whether a fresh round of US tariffs on Chinese goods would take effect on Sunday. Brent futures […]
United States Oil (USO) prices recoil as spectre of trade war, weaker demand haunts market Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in […]
United States Oil (USO) near 12-week high after Saudi Arabia surprise with output curbs Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members. Futures in New York edged lower after climbing 1.3% Friday […]
United States Oil (USO) drops as market awaits ratification of OPEC+ supply cut Oil slipped in early Asian trade on Friday, with U.S. crude moving further away from a two-month high after OPEC agreed to increase output curbs in early 2020 but failed to promise further steps after March. Brent futures were down 21 cents, […]
United States Oil (USO) could fall below $40 unless OPEC deepens cuts Crude oil prices are expected to plunge to $40 a barrel in 2020 unless OPEC and Russia agree to deepen – and not just extend – their production cuts, according to a new report from the Norwegian research firm Rystad Energy. The Organization of […]
United States Oil (USO) output still rising amid lower prices Production by over 950,000 bpd since September 2018, though year-on-year growth rate has been decelerating gently US crude production rose again in September, confounding sceptics who have long been predicting that output is poised to begin declining because of lower oil prices. Crude output increased […]
United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next […]
$USO United States has cemented its status as a net exporter in world oil markets, and the dominance could affect its ties to foreign allies. The Energy Information Administration (EIA) reported Friday the United States exported 89,000 more barrels of crude oil and refined petroleum products a day than it imported in September, the 1st full […]
United States Oil (USO) investors are taking a wait-and-see approach Oil prices ended mixed on Thursday, with U.S. prices rebounding modestly from concerns that arose from U.S. President Donald Trump signing into law a bill backing protesters in Hong Kong, fuelling tensions with China. Brent crude lost 14 cents, or 0.2%, at $63.92 a barrel, […]
United States Oil (USO) rose against expectations as production hit a record. Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations as production hit a record. Brent crude futures were down 18 cents, or 0.3%, at $63.88 a barrel by 0517 […]
United States Oil (USO) hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger drop in prices Oil eased on Wednesday following an industry report showing a surprise build in U.S. crude stockpiles, but hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a […]
United States Oil (USO) prices steady as U.S.-China trade deal talks seek breakthrough Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world’s two largest economies are soon to agree on ending their trade war. Brent crude futures […]
United States Oil (USO) rekindled optimism in global markets Oil prices began the week on a brighter note on Monday, posting early gains as positive noises from Washington over the weekend rekindled optimism in global markets that the United States and China could soon sign a deal to end their bitter trade war. U.S. national […]
United States Oil (USO) prices extend losses on supply, trade war fears Oil prices slipped for a third day on Wednesday as a surge in US stocks reinforced concerns about lacklustre global economic growth, while hopes ebbed for any movement on the US-China trade war. West Texas Intermediate crude futures erased early gains to trade […]
United States Oil (USO) Prices Tumble Amid US-China Trade Uncertainty Oil prices tumbled Tuesday as lingering questions over the US-China trade talks weighed on sentiment on a mixed day for global equity markets. Both US benchmark West Texas Intermediate and London’s Brent oil fell sharply on signs Beijing and Washington may be drifting further apart […]
United States Oil (USO) Prices Amid U.S.-China Trade Jitters Officials in China are troubled by U.S. President Donald Trump’s comment that there was no agreement on phasing out tariffs, according to the report. U.S. Crude Oil WTI Futures dropped 0.2% to $57.03 by 12:13 AM ET (04:13 GMT), while International Brent Oil Futures slipped 0.1% […]
United States Oil (USO) steadies as trade deal hopes dim Oil prices were little changed overnight after paring gains of about 1.0 per cent following a speech from US President Donald Trump that offered few new details about his country’s trade talks with China. Concerns about slower economic growth and oil demand due to the […]
$SPY, $USO, $TLT, $JJC The basic argument is that the threat of a possible confluence of easing central banks and simultaneous Dovish trade rhetoric leading to a breakout in the equities market would force a performance chasing FOMO bid among money managers into year end. But part of that thesis was that it would have […]
United States Oil (USO) lower amid lingering uncertainty on whether the United States and China will agree a long-awaited deal to end their bitter trade dispute Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom […]
United States Oil (USO) lower after U.S. government data revealed that domestic crude supplies rose for a second week in a row Oil futures finished lower on Wednesday after U.S. government data revealed that domestic crude supplies rose for a second week in a row, by nearly 8 million barrels. The build of 7.9 million […]
United States Oil (USO) investors focus on data from the Energy Information Administration due out today Brent crude futures were at $62.60 a barrel by 0330 GMT, down 36 cents, or 0.6%. Brent settled up 1.3% on Tuesday. U.S. West Texas Intermediate (WTI) crude futures fell 29 cents, or 0.5%, to $56.94 per barrel, having […]
United States Oil (USO) on U.S.-China hopes, improved demand outlook Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month. Brent crude futures gained 47 cents to settle at $62.17 a barrel. US West Texas […]
United States Oil (USO) production continues to soar despite the falling oil rig count Crude oil futures were lower in mid-morning trade in Asia Monday, retracing gains from last Friday after US crude production was reported to have hit a fresh record high of 12.4 million b/d. “US crude oil production continued to soar despite […]
United States Oil (USO) still heading for losses of about 4%, hit by a combination of rising global supply and uncertain future demand Oil prices edged up on Friday after a difficult week, but were still headed for losses of about 4%, hit by a combination of rising global supply and uncertain future demand. U.S. […]
United States Oil (USO) extending losses after a surge in U.S. inventories surprised investors Oil prices fell for a fourth day on Wednesday, extending losses after a surge in U.S. inventories surprised investors, overshadowing an interest rate cut by the Federal Reserve. Brent crude futures were down 6 cents at $60.55 a barrel by 0033 […]
United States Oil (USO) traders revive fears about sluggish demand amid the thought of more abundant supplies Oil prices slipped on Wednesday, with U.S. crude falling for a third day after an industry report that stocks at the Cushing delivery hub for the benchmark rose last week, shrugging off a drop in overall inventories. Brent […]
United States Oil (USO) prices slightly lower as investors awaited U.S. crude inventory data for a pointer on oil demand trends Oil prices slipped on Tuesday as investors awaited U.S. crude inventory data for a pointer on oil demand trends, while concerns about slower economic growth overshadowed signs of a thawing in the trade war […]
United States Oil (USO) Don’t Bet on a Rally Just Yet Oil bulls are rebuilding their positions, but it will probably take some major news to shake the market out of its current mood and trigger a sustained rally. Money managers boosted their net-long position on West Texas Intermediate crude for the first time since […]
United States Oil (USO) further market-supporting action by Opec and its allies offset some concern over the outlook for demand Oil prices extended their gains on Thursday, with Brent rising above US$61 a barrel as a surprise drop in US crude inventories and the prospect of further market-supporting action by Opec and its allies offset […]
United States Oil (USO) prices mark highest finish in a month as U.S. supplies post surprise weekly drop Oil futures marked their highest finish in about a month on Wednesday, after a U.S. government report showed an unexpected weekly decline in U.S. crude supplies — the first in six weeks. With refiners set to ramp […]
United States Oil (USO) prices rose overnight after the Chinese government signalled that progress had been made in trade talks Oil prices rose overnight after the Chinese government signalled that progress had been made in trade talks with the United States but crude’s gains were capped by forecasts of a build up in US stockpiles. […]
$XAU, $GLD, $USD, $USO, $OIL FLASH: Gold Steady, USD Up, Crude Oil Flat, Stocks Off Headlines Asia shares slip on BREXIT snag Crude Oil prices fell after data showed US stocks rose more than expected last week. Gold holds steady, as technical buying gives support Gold: Gold prices were largely unchanged Wednesday, as investors awaited more clarity on […]
United States Oil (USO) fell after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon Oil prices fell nearly 1% on Monday after comments from a U.S. official stymied hopes that a U.S.-China trade deal would be reached soon, feeding worries that a slowing global economy would reduce […]
United States Oil (USO) rises, supported by US fuel stock draws but weighed by crude build Oil prices rose about 1 per cent on Thursday after draws in US fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures. Global benchmark Brent crude rose 49 […]
United States Oil (USO) eased after industry data showed a larger-than-expected build-up in stocks in the United States Oil prices eased on Thursday after industry data showed a larger-than-expected build-up in stocks in the United States, although losses were limited by comments by U.S. Treasury Secretary Steven Mnuchin on a U.S.-China trade deal. Global benchmark […]
United States Oil (USO) fell following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a […]
United States Oil (USO) fell as a lack of details about the first phase of a trade deal between the United States and China undercut optimism Oil prices fell sharply on Monday as a lack of details about the first phase of a trade deal between the United States and China undercut optimism over a […]
United States Oil (USO) prices ease on scant details of U.S.-China trade deal Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over the thaw that helped to lift crude markets by 2%. Brent crude futures LCOc1 edged […]
The OPEC oil cartel saw its crude production fall in September, mostly due to production falling in Saudi Arabia following attacks on its oil infrastructure, according to its monthly oil report released on Thursday. The Organization for the Petroleum Exporting Countries said its production fell to an average of 28.49 million barrels per day (mbd) […]
United States Oil (USO) currently driven by sentiment rather than the real fundamentals Oil prices are not going anywhere, at least until this time next year. Brent Crude will still trade range-bound in the $50s a year from now, the heads of the world’s largest independent oil and commodity trading groups said on Wednesday. The […]
United States Oil (USO) settles with a loss as Fed minutes raise economic worries U.S. oil futures settled slightly lower Wednesday, giving up earlier gains, as minutes from the Federal Reserve’s September meeting raised worries about the economy and government data revealed a fourth straight rise in domestic crude supplies. Prices had moved higher earlier […]
United States Oil (USO) slipped as tensions escalated between the United States and China Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the United States and China prior to this week’s trade talks, raising uncertainties for global economic growth and oil demand. U.S. industry data showing a bigger-than-expected rise […]
United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the U.S.-China […]
United States Oil (USO) edges higher but on track for big weekly loss Oil futures edged higher on Friday but were on track for a large weekly loss on fears that slower global economic growth will hurt fuel demand, while Saudi Arabia said it has fully restored oil output after recent attacks. Brent crude oil futures […]
United States Oil (USO) drops to 2-month low on economic woes Oil futures declined, with U.S. and global benchmark prices logging their lowest finish in about two months, as downbeat economic data weighed on prospects for energy demand, and domestic crude stockpiles registered a third straight weekly climb. The U.S. added a modest 135,000 private-sector […]
$DIA, $SPY, $QQQ, $RUTX, $ESDAY, $VXX Wednesday’s US economic data included the ADP Employment Change report for September and the weekly MBA Mortgage Applications Index. The takeaways are as follows: Private-sector payrolls were estimated to have increased by 135,000 in September (consensus 150-K) while the prior month’s print was revised down to 157-K from 195,000. Private-sector […]
United States Oil (USO) slipped pressured as weak US economic data dimmed crude’s demand outlook Oil prices slipped on Tuesday, pressured as weak US economic data dimmed crude’s demand outlook, while reports of an output decline from the world’s largest oil producers in the third quarter kept prices from falling further. Brent crude futures lost […]
$DIA, $SPY, $QQQ, $RUTX, $USD, $USO, $GLD, $XAU, $VXX US stocks advanced for the 3rd Quarter running, as investors weighed the latest turns in the trade dispute between the world’s 2 largest economies. The USD rose and Treasuries moved higher. Tech drove the rise after The Trump Administration partially refuted a report it would target […]
United States Oil (USO) trims losses U.S. oil prices trimmed their losses on Thursday and global benchmark prices finished higher, as the Pentagon announced that it would deploy equipment and personnel in support of Saudi Arabia following attacks on its oil facilities earlier this month. Oil futures had suffered from steeper declines for much of […]
United States Oil (USO) finishes lower as U.S. supplies rise a second straight week Oil futures finished with a loss on Wednesday as U.S. government data revealed a second weekly climb in domestic crude inventories. Also weighing on prices were news reports saying Saudi Arabia had restored most of crude production capacity, recovering from attacks […]
United States Oil (USO) fell as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled Oil prices fell 2% on Tuesday as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled amid ongoing negotiations, a grim sign for oil demand growth. Trump sharply […]
United States Oil (USO) rallies on MidEast tensions, stocks weighed by trade remarks Oil prices rallied Monday after Iran warned the presence of US forces in the Gulf was causing instability in the region, while equities were mostly down as Donald Trump said he did not want a partial trade deal with China. While a […]
$DIA, $SPY, $QQQ, $RUTX, $GLD, $VXX SPECIAL REPORT: The Future of this Rally, what is Next? Thee DJIA futures are up a bit Sunday night, along with S&P 500 futures and NAS Comp futures. This stock market rally has stood negative headlines, but is not yet making a final push to record highs. Arguably, this […]
United States Oil (USO) prices rise supported by supply risks brought about by the drone attacks on Saudi oil infrastructure Oil prices rose slightly on Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S. interest rates. Brent crude futures gained 72 cents to $64.33 […]
United States Oil (USO) futures extend losses to a second session Oil futures fell on Wednesday, after suffering a loss of nearly 6% a day earlier, pressured as Saudi Arabia’s output levels looked to recover much sooner than expected and the U.S. government reported a weekly rise in domestic crude inventories, following four consecutive weeks of […]
United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents Gas prices already are rising after an attack badly damaged two oil facilities in Saudi Arabia over the weekend, disrupting world oil supplies and sending crude oil prices up 15% on Monday. The average national gasoline price in the U.S. […]
United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view Oil prices dipped Tuesday but held most of the previous day’s record gains following an attack on Saudi facilities that wiped out half the country’s output, with traders nervously awaiting the US response after it said Iran was likely to […]
$DIA, $SPY, $QQQ, $RUTX, $OIL, $USO, $VXX Wall Street closed lower, Crude Oil prices spiked after attack in Saudi Arabia The attack knocked about 5.7-M BPD out of production, leading to the biggest 1-day gainer in WTI Crude Oil ($62.88/bbl, +$8.00, +14.6%) since Y 2008. Saudi Arabia expected to restore about 33% of lost production […]
$OIL, $USO Monday, President Trump said said that it looked like Iran was responsible for attacks at the weekend on Saudi Arabian Crude Oil plants, but he does not want war with anyone, is in no rush to respond and is trying to find out who was behind the strikes. Several of his Cabinet officials […]
United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable short interest, including Apache Corp., Continental Resources […]
United States Oil (USO) lower as optimism over an end to the US-China trade war faded Oil futures fell on Friday as optimism over an end to the US-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Brent crude was down 17 cents, or 0.3 per cent, at […]
United States Oil (USO) lower squeezed by speculation of sanctions-hit Iranian crude returning to the market Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast. Brent crude futures rose 51 cents, or 0.6%, to […]
United States Oil (USO) ends at a nearly 6-week high as new Saudi oil minister repeats commitment to production cuts Oil futures rose Monday, marking their highest settlement in almost six weeks, after Saudi Arabia’s new energy minister signaled a continued commitment to production curbs. West Texas Intermediate crude for October delivery CLV19, +0.40% rose $1.33, or 2.4%, […]
$AUD, $WON, $JPY, $USO, $BAC OK, the US -China not being not having a date-certain schedule for the September trade talks yet, now is a good time for you too to start thinking about betting on a trade deal, as it has begun. “I am still reasonably optimistic,” David Woo, head of global rates and foreign […]
$USO $OIL President Trump rejected the theory that a source of electricity, wind power is efficient, saying it does not work “all that well.” “We’re the No. 1 energy producer in the world,” President Trump said at the end of this G-7 Summit in Biarritz, France. “I’m not going to lose that wealth on dreams, […]
$DIA, $SPY, $QQQ, $RUTX, $VXX This week’s trade has been headlined by the yield-curve inversion theory, where the yield of shorter-dated debt rises above its longer-term counterpart. On Wednesday, the yield 10-yr T-Note rate briefly fell below the 2-year T-Note a condition that has sometimes been a recession indicator. The degree to which investors have crowded […]
Democrats who are pushing for a more aggressive approach to climate change and emissions control “live in a fantasy world,” Department of Energy Secretary Rick Perry said Tuesday. “The United States is lowering emissions, ” Secretary Perry said on TV. “I think of all the 194 that signed the Paris accord, the US is leading […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks rallied Tuesday after the White House announced that it will delay the 10% tariff rate for some items imported from China until 15 December. President Trump told reporters he wanted to delay the tariffs so consumers would not be hurt during the Christmas shopping season and said he […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Steady, Stocks Higher Headlines US-China trade dispute remains in focus Crude Oil prices steady Spot gold may test psyche resistance at $1,500 oz Calm returns to stock markets as RMB Yuan steadies Gold: Gold prices +1% Wednesday as investors to seek refuge […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Firm, USD Off, Crude Oil Up, Stocks Lower Headlines Crude Oil climbs on Short-covering, Us-China trade disputes caps gain Global Stock ‘rout’ deepens US labels China a currency manipulator paving the way for more sanctions Yuan off lows, JPY slumps as China struggles over currency policy Gold […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Up, USD Off, Crude Oil Off, Stocks Lower Headlines Asia stocks hit 6-month low as investors flee to safety Futures are now pricing in deeper interest rate cuts than before last week’s Fed meeting. The terminal US rate is seen at 1.22%, 93 bpts below the current […]
$GLD, $SLV, $USO, $OIL, $CORN, $WEAT, $SOY, $USD FLASH: Gold Mixed, USD Steady, Crude Oil Up, Stocks Lower Headlines President Trump’s new tariffs may set stage for more Fed rate cuts President Trump says it is up to China to deal with Hong Kong’s riots Crude Oil prices regain ground after overnight dive Gold will see a […]
United States Oil (USO) prices edge up, but Brent prices decline Oil futures finished higher on Wednesday, with U.S. prices up a fifth consecutive session as government data showed that domestic crude inventories dropped for a seventh week in a row, the longest stretch of declines in a year and a half. Prices had also […]
