Federal Reserve_Fed_FOMC

Image via Federal Reserve The big day is finally here, and all eyes are headed towards the Federal Reserve's decision and Janet Yellen’s press conference. This event might have the biggest impact on the market this week, but that depends on the decision and statement. In this article, we will look at the possible scenarios as well as the most i...

2017-07-26 Nour Eldeen Al-Hammoury Read more
Crude Oil

Oil rallies ahead of the weekend OPEC/non-OPEC meeting in Doha to agree on the oil production freeze Summary: Oil’s strong rally clearly shows the Doha talks being priced in, with expectations that the deal will come through, increasing the downside risks OPEC/non-OPEC members still don’t see eye to eye on freezing production levels wit...

2017-07-26 John Benjamin Read more
Crude Oil

US Weekly Crude Oil Inventories post a surprise drawdown as inventories fell 4.90 million in the week ending April 1st, 2016 Summary: Crude Oil extends strong gains on a surprise inventory drawdown April 17th marks the meeting between some OPEC and non-OPEC countries in Doha to discuss freeze production talks Iran is still the main p...

2017-07-26 John Benjamin Read more
Crude Oil

US Crude Oil inventories rise at a slower pace of 2.29 million barrels for the week ending March 25th, 2016 Summary: After rallying to a 4-month high, WTI Crude Oil prices retreat steadily Saudi Arabia – Kuwait talk on re-opening Khafji Oilfield, expected to add 300k barrels extra US Oil inventories for week ending March 25th rose 2....

2017-07-26 John Benjamin Read more
Crude Oil

US Inventories continue to build up, but demand for gasoline see’s a big jump. WTI Crude Oil prices fell -3.6% yesterday after posting a solid five consecutive weeks of gains which saw prices trade near a 15-week high at $42 a barrel. Prices retreated off the 15 weeks high as the EIA's Crude Oil inventories report released yesterday showed a la...

2017-07-26 John Benjamin Read more
Coffee_Orbex

Coffee futures touch a 5-month high on production drop and weaker US Dollar. But is there more room to the rally? The May contracts for Coffee Futures continues to see a bullish run in the markets as prices touched a 5-month high on Friday. Coffee futures, KC_6K settled on Friday at 133.85 marking a third consecutive week of gains supported by ...

2017-07-26 John Benjamin Read more
Crude Oil 1703

Crude Oil prices rallied yesterday as US commercial stockpiles show a slower pace of inventory build up The weekly Crude Oil inventories report released by the U.S. Energy Information Administration yesterday showed that U.S. commercial crude inventories increased by 1.3 million barrels last week which were lower than the forecasted 2.9 million...

2017-07-26 John Benjamin Read more
Crude Oil_OPEC Headquarters

Image via harry_nl / Flickr Shrugging off inventory buildup and led by a weaker US Dollar and a broad commodity rally, Crude oil prices are back trading near January 2016 highs with potential for further upside in store Following up from the previous week's Crude Oil technical analysis, WTI Crude Oil has posted strong gains this week to trade ...

2017-07-26 John Benjamin Read more
Crude Oil

Despite some initial setbacks, Crude Oil prices closed higher yesterday as the US weekly inventory shows an increase of over 10 million barrels. WTI Crude Oil prices ignored the massive inventory build-up yesterday as prices turned volatile but managed to close in the Green by yesterday's closed. For the day, WTI Crude Oil closed 2.60% higher t...

2017-07-26 John Benjamin Read more
Cride oil hike

Crude Oil ignores comments from Saudi Oil minister and weekly inventory buildup but volatility likely to persist. Crude Oil prices continued with the volatile swings ignoring the weekly build up in US Crude Oil inventory as well as negative comments from Saudi's Oil minister early in the week. The weekly Crude oil inventory report released yes...

2017-07-26 John Benjamin Read more