Commodities

Oil prices have had a very volatile start to the week indeed. Yesterday, as the market reacted to news of President Trump’s fresh trade tariff threats to China, crude was initially heavily sold. Trump announced on Twitter that as of Friday,… Read More

Gold The yellow metal has been heavily sold this week as a resurgent US dollar and still buoyant risk appetite have attracted investor attention elsewhere. The US dollar has continued its rally in the wake of the FOMC meeting held this… Read More

Crude oil prices were knocked lower midweek in response to the latest EIA report which showed that US crude inventories rose more than expected. In the week ending April 26th, US crude stores rose by 9.9 million barrels. Stores hit their… Read More

Crude oil prices reached an October 2018 high this week on Trump's waiver decision. Both the API and EIA reports for the week ending April 19 were disappointing. However, it will take more than just a few stockpiled barrels for any… Read More

WTI prices spiked a few hours ago following a report that US President Donald Trump wants waivers to countries that import Iranian oil to end. US oil rose to $66.60 a barrel after a Washington Post article hit the wires on Monday. It… Read More

Gold The yellow metal was heavily lower this week. A strong rally in USD saw the precious metal breaking down below key technical support.  The main driver behind the USD rally was the release of Retail sales data for March. This saw… Read More

Crude oil prices were lower this week despite the latest industry report showing a drawdown in crude oil inventories. The report from the Energy Information Administration, covering the week ending April 12th, showed that US crude stocks… Read More

Gold Despite initial strength earlier in the week, gold prices traded lower into the latter half of the week. Prices only just managed to remain in positive territory. They were knocked down in response to the release of the March FOMC… Read More

Oil prices turned a little lower mid-week this week as the latest industry report showed a further build in US crude stockpiles. The rally in crude prices hit pause on Tuesday as the weekly report from the American Petroleum Institute… Read More

Gold The yellow metal was lower again this week as, despite a subdued US Dollar, surging equities prices saw investors moving away from safe havens.  The SPX500 has traded up to levels not seen since October 2018 this week. This comes… Read More