commodities

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…
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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…
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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.…
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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…
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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…
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Following the Late December 2015 - February 2016 rally, Gold prices are showing signs of retreating after prices briefly flirted near 13-month highs. Repeated price rejections, failure to close above the 1275 handle has seen strong declines…
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Today’s Economic events Eurozone industrial production m/m 210% vs. 1.50%; y/y 2.80% vs. 1.40% Coming up RBNZ Governor Wheeler speech The markets opened on a modest note today with the Asian and European session staying…
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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…
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On Wednesday, the sterling went further down as pressure rose due to the latest UK data release. According to officials, the UK Construction PMI (Purchasing Managers' Index) came in at 54.2 for the month of February and for the January's…
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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…
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