Tag: Commodities

Oil Continues Rise as Supply Concerns Mount

Oil prices were mixed Tuesday morning, even as crude prices held to near four-year highs amid growing signs of shrinking global supply. Brent crude, the global benchmark, was down 0.61% to $84.46 a barrel on London’s Intercontinental Exchange . On the New York Mercantile Exchange, West Texas Intermediate futures were trading flat at $74.29 a […]

Asia Wrap : decidedly risk off

Oil After registering a four year high on the back of a slow down in U.S. drilling that compounded supply losses from Iran and Venezuela. Oil prices consolidated gains throughout most the Asia session, but with the USD looking poised to move through Asia currencies like a wrecking ball, oil prices have come off the […]

Oil has sprung another gusher

Rising oil prices aren’t great news for the car industry. If petrol becomes pricier, it may deter some consumers from buying a new motor. But another issue is casting a shadow over the Paris Motor Show today – Brexit. Dieter Zetsche, the CEO of Daimler, has warned that the risk Britain leaves the EU without […]

Risk off tone helping gold prices

Asian stocks fell, with MSCI’s broadest index of Asia-Pacific shares outside Japan declining more than 1.5 percent after a steady start, as cautious views on the global economy curbed risk sentiment. Spot gold was up 0.5 percent at $1,193.80 as of 0748 GMT, after declining about 0.3 percent in the previous session. U.S. gold futures […]

Gold is punching higher as risk fades

Oct 2 (Reuters) – Gold prices rose on Tuesday as risk appetite faded Asian stocks fell, with MSCI’s broadest index of Asia-Pacific shares outside Japan declining 1 percent after a steady start, as cautious views on the global economy curbed risk sentiment. “Prices have hovered around $1,190/oz and there is some demand from speculators and physical […]

OANDA Trading Asia market update : HSI,OIL ,XAU,JPY,EUR,CAD,GBP

Hong Kong HSI is trading with a negative bias playing catch up from yesterday holiday in reaction to the weaker China PMI data. But at least for today, it’s more than apparent HK investors are in no mood to join the revamped NAFTA festivities. Oil Oil markets are holding onto the astonishing overnight gains ahead […]

Commodities Weekly: Short gold positions increase as prices drop

Gold is under the cosh from the dollar’s resurgence while oil prices surge due to the usual supply concerns. Most agriculturals rose on the back of the renegotiated trade deal between the US, Mexico and Canada. Industrial metals ease lower after disappointing Chinese PMI data.   Precious metals GOLD speculative net short positioning increased to […]

Higher oil price a boon to upstream activities in Malaysia

Rising oil prices will be a boon to the local oil and gas (O&G) sector as production is expected to rise and producers seek to pump more crude from the available and new wells. Analysts also expect oil companies to free up more of their budget for upstream activities after four years of doldrums and expenditure […]

Oil’s the word

Oil’s the word  Oil markets: frenzied action Oil has sprung another gusher overnight, and in roaring fashion clocked an eye-watering 3 % surge. Brent has hit $85 while WTI has hit $75.40 – the highest levels in over four years. There haven’t been any new significant near-term catalysts per se to drive the price action. […]