US crude oil inventories have started the year on a positive footing as the first industry data of the year has highlighted little change in stockpiles.
The latest weekly report by the Energy Information Administration, covering the week… Read More
The yellow metal surged higher this week, despite initial weakness in response to the latest US interest rate increase. Following the initial reaction to the decision, the US Dollar softened as the market digested the lower revision… Read More
Crude Stocks Fall For Third Consecutive Week
Crude oil was sharply lower once again this week despite the latest industry data which showed a build in US crude inventories. The latest report from the Energy Information Administration,… Read More
After breaking out above the 1235 resistance level last week which has capped price over the past six months, gold prices retreated lower this week as the US Dollar pushed back up toward recent highs. US Dollar has come back into… Read More
Despite expectations of a weaker figure due to the dramatic slump in oil prices over the last two months, US CPI remained broadly unchanged over last month.
The headline CPI reading for November, reflected the weakness in energy markets,… Read More
Crude oil prices this week turned lower once again despite the latest data from the Energy Information Administration, released yesterday, showing that US crude stocks experienced a less than expected drawdown.
In the week ending December… Read More
The recent OPEC meeting which kicked off in Vienna in the back end of last week ended over the weekend with some positive news for crude bulls.
The fifteen-member oil-producing cartel along with non-OPEC allies, led by Russia, announced… Read More
Crude oil prices retreated this week despite the latest industry data reporting a drawdown in inventories for the first time in two months. The Energy Information Administration report this week showed that on the week ending November 30th,… Read More
The yellow metal rallied this week, benefiting from weakness in the US Dollar to trade back to its highest levels since Q1 of the year. The weakness in the US Dollar was seen in response to Fed chairman Powell comments at the Economic… Read More
After recovering from initial weakness seen earlier in the session, gold prices recovered to end the week broadly unchanged. The recovery was linked to weakness in the US Dollar which saw selling in response to dovish comments by Fed… Read More