commodities

All eyes were on Vienna last week as the OPEC nations and Russia met over two days for the semi-annual OPEC meeting. The main focus of the meeting was whether the OPEC nations and Russia could agree to reaching a deal to plug the void left…
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Crude oil prices rallied last week to hit a three and a half year high after the U.S. President Donald Trump announced that Washington was pulling out of the 2015 Iran nuclear deal on Tuesday. Speaking at a brief press conference, Trump…
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Crude oil prices showed no signs of losing momentum as price of the international Brent crude oil hit highs of $75 a barrel. The gains, which mark the highest high in nearly three and a half years, came about after mounting concerns that…
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Summary: IMF maintains global GDP to advance 3.9% this year Trade tensions expected to derail global economic recovery S. GDP expected to advance 2.9% in 2018 Japan GDP expected to advance 1.2% in 2018 UK GDP expected to…
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Crude oil prices were in for a bumpy ride last week, as surprising comments from Saudi Arabia helped to keep the bullish momentum going. Oil prices were already surging strongly earlier in the week following tensions surrounding Syria and…
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Crude oil prices were seen trading weaker this week amid conflicting reports that hit the market sentiment. The weekly U.S. crude oil inventories report showed another weekly build-up in stockpiles. The U.S. Energy Information…
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Crude oil futures were seen erasing some previous gains to turn higher last week. The turnaround came on Thursday after the weekly crude oil inventory report showed a larger than expected draw on stockpiles. Data from the Energy…
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Due to its luster and malleability, Gold has been long valued by mankind as a source of investment. It has been a “safe haven” asset for ages too, we even discussed earlier today the feasibility of it being replaced by…
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The much anticipated two day OPEC meeting concluded last week. As widely expected, OPEC and its allies (outside the OPEC group) decided to maintain oil production cuts to the end of 2018. A day after the talks in Vienna on Thursday, the…
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The Organization of Petroleum Exporting Countries or OPEC meet this week on November 30 in Vienna, Austria for the 173rd OPEC meeting. The event will see Russia, the largest non-OPEC nation joining hands with Saudi Arabia in deciding about…
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