121 articles
Massive draw this week. Info via social media. twitter etc: Crude -11.1mn barrels, a huge draw Gasoline +1.1mn bbls Distillate -1.5mn bbls Cushing +1.8mn bbl Expectations I had seen centred…
Gold buyers had their shot. Monday’s rebound stalled ahead of the familiar swing level near $4,226.81, and today the price has moved back below both its 100-hour and 200-hour moving…
Oil prices remain supported by escalating tensions in the Middle East. The Houthis have intensified attacks against Saudi Arabia, including a reported strike on an administrative building at Saudi Aramco's…
Gold got once again hit by another jump in oil prices, with WTI reaching a new weekly high yesterday. The Houthis are intensifying attacks on Saudi Arabia, leading to renewed…
Iran is escalating Hormuz ship attacks to keep oil prices high before the US midterms, two Iranian officials told Reuters. West Texas Intermediate (WTI) crude trades near $95. However, the…
Oil’s reaction to Trump’s repeated price forecasts has faded. The market’s own verdict shows in deferred contracts, where WTI and Brent strips for 2027 have recently set records, a sign…
The freight argument points to Brent holding a firmer premium over long-haul grades, including WTI delivered into Europe, for as long as shipping stays expensive . Refiners in Northwest Europe…
The deferred curve is carrying the bigger signal. WTI for calendar 2027 hit a record for a 12th straight session, around $84, and Brent’s 2027 strip set records on Monday…
Crude oil futures settled at $94.14, up $0.40 or 0.43%, as elevated Middle East tensions kept supply risks in focus. Headlines centered on reports that Israeli Prime Minister Benjamin Netanyahu…
Mark Hackett, chief market strategist at Nationwide. Nationwide The commodities market is hot, with the Bloomberg Commodity Index up nearly 32% this year. Mark Hackett, chief market strategist for Nationwide,…
Paul Tudor Jones believes oil’s rally still has room to run, with unresolved tensions involving Iran keeping him positioned for further gains. Speaking to CNBC this morning , the legendary…
Crude oil futures have rebounded after trading lower earlier in the day, with buyers defending a key cluster of technical support. The low reached $91.70, just above the 38.2% retracement…
Yesterday, I did a post-on gold sellers on the back of news Kazakhstan was selling some of the reserves. I spoke cautiously in regard to the move given the semi-holiday…
Silver came under renewed selling pressure yesterday as oil prices climbed to fresh weekly highs. Meanwhile, the Middle East situation remains largely unchanged, with Houthi attacks on Saudi Arabia continuing…
Gold has come under renewed pressure yesterday after oil prices surged to new weekly highs. Overall, the situation in the Middle East hasn’t changed much as the Houthis continue to…
Diesel remains the sharpest pressure point in the energy shock from the Iran war, and Goldman’s view suggests relief depends on government stockpiles rather than extra Russian barrels. A European…
A quick 1.2 million bpd addition to bypass capacity would ease some of the supply-risk premium built into crude, since it widens the route Saudi barrels can take around a…
A two-front geopolitical premium is now embedded in crude, with traders weighing the risk that direct US involvement against the Houthis widens the conflict around Gulf export infrastructure. The multi-year…
Buyers regain control, with $93.48 now a key level to hold. Crude oil pushed to its highest level since late September, with reports of increased Middle East tensions helping fuel…
Oil prices jumped around 2% on Monday as geopolitical tensions continued to keep pressure on global energy markets. Brent crude futures rose roughly 2% to $106.73 at the time of…
Brad Smith, Microsoft’s president, has told the BBC that AI is currently working with fewer safety rules than commodities like milk or washing machines, and this should push governments, with…
Crude oil pulled back in the final part of last week after Trump ruled out strikes on Iran before the November elections and added that they’ve been having productive discussions.…
OPEC has just announced a rather significant downgrade to its oil demand outlook for this year. The bloc slashed its growth forecast to just 400,000 bpd, down from the 1.4 million bpd…
