Gold Prices Up, Easing Trade Concerns Soften USD + Commodities

Gold Prices Up, Easing Trade Concerns Soften USD + Commodities

Gold Prices Up, Easing Trade Concerns Soften USD + Commodities $GLD, $SLV, $USD, $PLAT, $PALL, $USO, $OIL, $SOY, $CORN, $WEAT In Asia Asian stocks extended gains Friday thanks to Wall Street marking all-time highs, as investors believe that the latest exchange of tariffs between the United States and China may be less damaging than initially feared. […]

United States Oil (USO) signs OPEC may not raise output

United States Oil (USO) signs OPEC may not raise output

United States Oil (USO) signs OPEC may not raise output Oil rose for a third day on Thursday amid another drawdown in U.S. inventories and strong U.S. gasoline demand, while signs OPEC may not raise output to address shrinking supplies from Iran also supported prices. U.S. sanctions affecting Iran’s oil exports come into force on […]

Gold Prices Steady, Trade Concerns Pressure USD + Commodities

Gold Prices Steady, Trade Concerns Pressure USD + Commodities

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

United States Oil (USO) prices pulled back from gains racked up in the previous session

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

Gold Prices Up, as USD Eases + Commodities

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

United States Oil (USO) lower as trade tensions heightened between the US and China

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

Crude Oil Prices Soften on Renewed Trade Concerns

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

United States Oil (USO) Uncertainty prevails over how many countries will stop importing oil from Iran

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 

America First, Financial Markets Briefing 

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 […]

United States Oil (USO) United States this year became the largest crude oil producer

United States Oil (USO) United States this year became the largest crude oil producer

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 […]

Hurricane Florence’s Effect on Commodities

Hurricane Florence’s Effect on Commodities

Hurricane Florence’s Effect on Commodities $CORN, $WEAT, $SOY, $USO,$UNG Thursday’s US economic data included: CPI, Export Sales, Jobless Claims and followed by EIA Gas Storage. But the the Main headline is Hurricane Florence bearing down on the east coast, and a major tropical disturbance in the Gulf of Mexico, it is 1 that has a 50% chance of forming into […]

US Gasoline Prices Up, Inflation Rising

US Gasoline Prices Up, Inflation Rising

US Gasoline Prices Up, Inflation Rising $UGA, $USO US consumer prices rose less than expected in August as increases in gasoline and rents were offset by declines in healthcare and apparel costs, and underlying inflation pressures also appeared to be slowing. The US Labor Department said on Thursday its Consumer Price Index increased 0.2% last month after […]

United States Oil (USO) prices slip as economic growth concerns counter tighter supplies

United States Oil (USO) prices slip as economic growth concerns counter tighter supplies

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

United States Oil (USO) Market eyes Hurricane Florence as it approaches the U.S. East Coast

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

Hurricane Florence Driving Crude Oil and Gasoline Higher

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

United States Oil (USO) South Korea first country to comply with the U.S. sanctions on Iran

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

United States Oil (USO) Washington’s sanctions against Iran’s crude exports kick in

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

Crude Oil Rises as US Drilling Slows, Trump’s Sanctions Against Iran Loom

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

United States Oil (USO) prices rose on Friday after U.S. crude inventories fell to their lowest levels since February

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 […]

United States Oil (USO) emerging market turbulence’s weighed on sentiment

United States Oil (USO) emerging market turbulence’s weighed on sentiment

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 […]

United States Oil (USO) prices rise as Gulf oil rigs evacuated ahead of hurricane

United States Oil (USO) prices rise as Gulf oil rigs evacuated ahead of hurricane

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 […]

United States Oil (USO) extending gains on growing evidence of disruptions

United States Oil (USO) extending gains on growing evidence of disruptions

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 […]

United States Oil (USO) got additional support today from the declining inventories across the board

United States Oil (USO) got additional support today from the declining inventories across the board

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 […]

United States Oil (USO) slips on rising U.S. supply

United States Oil (USO) slips on rising U.S. supply

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 […]

United States Oil (USO) prices extend gains amid weaker U.S. dollar

United States Oil (USO) prices extend gains amid weaker U.S. dollar

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 […]

United States Oil (USO) dipped slightly on Monday on concerns about US-China trade dispute

United States Oil (USO) dipped slightly on Monday on concerns about US-China trade dispute

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. […]

United States Oil (USO) continues to stagger forward without direction

United States Oil (USO) continues to stagger forward without direction

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 […]

United States Oil (USO) Prices Jump On Steep Inventory Drop

United States Oil (USO) Prices Jump On Steep Inventory Drop

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 […]

United States Oil (USO) rises on U.S. crude inventories

United States Oil (USO) rises on U.S. crude inventories

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 […]

United States Oil (USO) mixed on expected US stock draw

United States Oil (USO) mixed on expected US stock draw

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 […]

United States Oil (USO) concerns of slowing economic growth

United States Oil (USO) concerns of slowing economic growth

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, […]

US Stock Broke Out Above Strong Resistances Extending the Longest Bull Run on Record

US Stock Broke Out Above Strong Resistances Extending the Longest Bull Run on Record

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

United States Oil (USO) production set new records

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, […]

Saudi Arabia Reduced Its Crude Oil Production in July

Saudi Arabia Reduced Its Crude Oil Production in July

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 […]

United States Oil (USO) market has experienced a “cooling down” this summer

United States Oil (USO) market has experienced a “cooling down” this summer

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 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

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

United States Oil (USO) could be the next casualty in US-China trade war

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

President Trump Shreds Hussein Obama Fuel Mileage Regulation

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

Gold, Silver, Copper and Crude Oil Briefing

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 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

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

United States Oil (USO) not be growing quite as fast as everyone thinks

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

Gold, Silver, Copper and Crude Oil Briefing

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

Gold, Silver, Copper and Crude Oil Briefing

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

United States Oil (USO) marginally higher during mid-morning trade in Asia Monday

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

Gold, Silver, Copper and Crude Oil Briefing

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

Gold, Silver, Copper and Crude Oil Briefing

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

Gold, Silver, Copper and Crude Oil Briefing

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 […]

United States Oil (USO) larger-than-expected drop in weekly inventories

United States Oil (USO) larger-than-expected drop in weekly inventories

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 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

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

Gold, Silver, Copper and Crude Oil Briefing

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

United States Oil (USO) focus turned to oversupply worries

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

Gold, Silver, Copper and Crude Oil Briefing

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 […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

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

Gold, Silver, Copper and Crude Oil Briefing

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

Gold, Silver, Copper and Crude Oil Briefing

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

US Considering Crude Oil Waiver on Iran Sanctions for 1 Country

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

Gold, Silver, Copper and Crude Oil Briefing

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

United States Oil (USO) closing below a key short-term level

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 […]

World’s Biggest Oil (USO) Traders are Counting Hefty Losses

World’s Biggest Oil (USO) Traders are Counting Hefty Losses

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

Gold, Silver, Copper and Crude Oil Briefing

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”

President Trump, “Oil Prices are too high, Not good”

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 […]

United States Oil (USO) holds ground at a more than 2-week low

United States Oil (USO) holds ground at a more than 2-week low

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

Gold, Silver, Copper and Crude Oil Briefing

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

United States Oil (USO) prices lose 5%, drop back toward $70 a barrel

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

Gold, Silver, Copper and Crude Oil Briefing

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 […]

A Storm Is Brewing For U.S. Oil (USO) Exports

A Storm Is Brewing For U.S. Oil (USO) Exports

A Storm Is Brewing For U.S. Oil (USO) Exports Two geopolitical developments in recent weeks—U.S. sanctions on Iran and the escalating U.S.-Chinese trade war—are set to reshuffle the U.S. oil flows to the world’s fastest-growing oil market, Asia. On the one hand, the United States is pressing Iran’s oil customers to cut their Iranian crude […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

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 also set dip. PE ICE Brent Crude at 78.08 dipped from  78.80 seen Tuesday. Near term trade within 77-79 is possible, and […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 78.37 is stable and unable to decide which direction in here. North is limited to 80-81 and will hold for now. A test at 79-80 near term, followed […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 77.50, and NYMEX WTI Crude at 74.12 look like they want come off to test to 75 and 65 respectively before moving up medium term. Note:Immediate view is […]

Iran ‘Insulted’ over President Trump’s Instructions to OPEC

Iran ‘Insulted’ over President Trump’s Instructions to OPEC

Iran ‘Insulted’ over President Trump’s Instructions to OPEC $OIL, $USO Saturday, Iran’s oil minister on accused US President Donald Trump of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output. US President Trump Wednesday accused the Organization of the Petroleum Exporting Countries (OPEC) of driving fuel prices higher, urging […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities driving down Crude Oil prices. PE ICE Brent Crude at 77.15 seeing Brent Crude falling from current marks to 76 near term on supply/demand concerns. NYMEX WTI at 72.82 could test 68 near to medium term before […]

United States Oil (USO) down after EIA reports surprise weekly climb in U.S. crude supplies

United States Oil (USO) down after EIA reports surprise weekly climb in U.S. crude supplies

United States Oil (USO) down after EIA reports surprise weekly climb in U.S. crude supplies U.S. stockpiles of crude oil unexpectedly rose by a bit last week, although the increase was largely offset by a decline in refined gasoline supplies. Commercial crude inventories jumped by 1.2 million barrels last week after trade groups and analysts […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Still seeing weakness across the board in commodities now. PE ICE Brent Crude at 77.69 could trade sideways within 77-80 now. While it trades above 77 it could test 80 before coming off again. NYMEX WTI Crude at 73.84 sees resistance, and could […]

Oil and The New World Order

Oil and The New World Order

Oil and The New World Order The leading Iranian Revolutionary Guard commander on Wednesday offered his nation’s moderate President a rare endorsement after Hassan Rouhani called US attempts to block Iranian oil exports “pointless.” Qasem Soleimani, who heads Iran’s elite Quds Force and rarely makes public statements, said he would “kiss” Rouhani’s hand after the […]

United States Oil (USO) Stable but Expected to Rise

United States Oil (USO) Stable but Expected to Rise

United States Oil (USO) Stable but Expected to Rise Gas price declines have begun to slow in the last week with the national average unchanged at $2.85 per gallon today according to GasBuddy data compiled from over 10 million price reports from over 135,000 stations in the last week. While average gas prices remain lower […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Seeing weakness across the board in commodities now. PE ICE Brent Crude at 77.83 is holding below resistance at 80, while that holds, a dip to 76, and then a attempt 78+. NYMEX WTI Crude at 74.55 is also holding below important […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: US President Trump has called on Saudi Arabia to raise production. PE NYMEX WTI Crude at 73.22 is holding well in here, while that holds, the price will test to 72. ICE Brent Crude at 78.19 could still have some room on the […]

President Trump, Calls on Saudi Arabia to Increase Crude Oil Production

President Trump, Calls on Saudi Arabia to Increase Crude Oil Production

President Trump, Calls on Saudi Arabia to Increase Crude Oil Production $USO, $OIL “The price is too high, the King agreed.” President Donald Trump said this weekend  that he had received assurances from King Salman of Saudi Arabia that the Kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Again, Crude Oil prices have risen sharply against expectations. PE Note: US President Trump’s demands that allies stop importing Crude from Iran by 4 November this year could impact India as India and China fall under the major importers of Iranian Oil. Crude prices are trading […]

United States Oil (USO) prices hit multi-year high on concern over Iran sanctions

United States Oil (USO) prices hit multi-year high on concern over Iran sanctions

United States Oil (USO) prices hit multi-year high on concern over Iran sanctions US oil prices rose to a three-and-a-half-year high on Thursday, bolstered by supply concerns due to US sanctions that could cause a large drop in crude exports from Iran. US West Texas Intermediate (WTI) crude futures rose 84c to $73.61 a barrel, […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Crude Oil prices have risen sharply against expectations. PE Note: US President Trump’s demands that allies stop importing Crude from Iran by 4 November this year could impact India as India and China fall under the major importers of Iranian Oil. Crude prices are […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Crude Oil bouncing near to medium term on Iraq production issues. PE Crude Oil prices have risen sharply against expectations ICE Brent Crude at 76.53, and NYMEX WTI Crude at 70.74 moved up and may continue to rise to 80 and 72 respectively then see […]

United States Oil (USO) The Winners And Losers Of The OPEC Decision

United States Oil (USO) The Winners And Losers Of The OPEC Decision

United States Oil (USO) The Winners And Losers Of The OPEC Decision OPEC members met on Jun 22 to discuss the feasibility of an output boost proposal. Though no concrete figures have been provided, OPEC will now return to 100% agreement to the previously agreed output cuts. Saudi Arabia said the renewed deal will result […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $USO, $OIL, $GLD, $SLV, $CU Commentary: Commodities look Bearish near to medium term. PE ICE Brent Crude at 74.79 could come off from 76 and re-test 73-72 near term, 72 is a good support on the longer term charts and we may see a fall below 72 medium […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: OPEC to raise production by 1-M BPD, President Trump wanted lower Crude Oil prices he will get them. PE Gold at 1271.60 may try to move to 1280 in here there is room for the move. ICE Brent Crude at 74.12 sees resistance at 76, while […]

United States Oil (USO) The OPEC Agreement Puts A Floor Under Oil Prices

United States Oil (USO) The OPEC Agreement Puts A Floor Under Oil Prices

United States Oil (USO) The OPEC Agreement Puts A Floor Under Oil Prices Since its December 2016 oil production-cut deal came into effect, the Organisation of Petroleum Exporting Countries (OPEC) has seen crude oil prices more than double, following the market rebound from the lows of early 2016. Due to the global anticipation of the […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: OPEC to raise production by 500-K BPD, and while the markets wait for some decision from the OPEC meeting, Crude Oil prices may trade up a bit then down, President Trump want lower Crude Oil prices. PE Gold at 1268.90, I am looking for […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1269.80 broke below 1270, while that holds, medium term view turns Bearish with possibilities of testing to 1250-1240 in the next week or 2. ICE Brent Crude at 74.63 sees near term resistance at 76, and while it trades below […]

United States Oil (USO) Price Rises on Drop in Inventories, Ignoring Big Increases in Gas, Diesel Stocks

United States Oil (USO) Price Rises on Drop in Inventories, Ignoring Big Increases in Gas, Diesel Stocks

United States Oil (USO) Price Rises on Drop in Inventories, Ignoring Big Increases in Gas, Diesel Stocks The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. commercial crude inventories decreased by 5.9 million barrels last week, maintaining a total U.S. commercial crude inventory of 426.5 million barrels. […]

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing

Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing new. PE Gold at 1276.30 seeing 1st support on the 3-Day lines and candles. If it holds, may see a bounce towards 1300, barring that an indication of medium term Bearishness may be triggered on a fall below 1270, then a test to […]

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