Commodities

Crude oil prices plummeted further this week, marking their third consecutive weekly loss, with price now down around $10 from the 2018 high watermark. The catalyst for this most recent decline was the latest report by the Energy… Read More

Crude oil prices were lower this week as the latest report from the Energy Information Administration showed that US crude oil stockpiles rose again last week. In the week ending October 12th, US crude oil inventories rose by 6.5 million… Read More

API Reports Crude Build Up After surging to fresh seven-year highs last week, crude oil prices have since turned lower this week as a combination of factors including unexpected builds in crude oil inventories, increased OPEC supply,… Read More

Gold The yellow metal was able to post a minor recovery this week, fuelled by a rise in safe haven demand seen in response to equity market weakness. The US Dollar fell lower this week, despite supportive commentary from Fed officials… Read More

Crude oil prices rose further this week, trading up to fresh seven-year highs, before retracing slightly in response to developments with Saudi Arabian output and the latest US inventory data. Speaking mid-week, Khalid al-Falih, the… Read More

Gold Gold prices were shunted lower this week as the US Dollar surged to fresh highs in response to the September FOMC and latest US data. At its September meeting, the Fed raised rates by a further 0.25% as expected while revising higher… Read More

Oil continued to trade higher this week despite the latest inventory data from the Energy Information Administration in the US which showed stockpiles having risen over the last week. The data from the EIA for the week ending September 21st… Read More

Recap The Market has been unfolding some very impressive swings during August, and it’s incredible how accurate the previously posted analysis was. With the “Trends and Reversals – Patterns and Correlations” article posted at the… Read More

After trading up to its highest level since 2011 earlier in the year, Crude oil is now marching higher once again, putting the 2018 high (and beyond) back in focus. The moves come on the back of OPEC and non-OPEC oil producers failing to… Read More

Gold With the US Dollar having weakened over the course of the week, gold prices were able to post a small recovery, rallying up off last week’s lows to close green on the week. Gauging the USD reaction to the latest trade war headlines… Read More