US crude stocks fell by 7.1 mln barrels in the past week. Russia to boost oil output in the wake of strong Asian demand. The market anticipates Iran’s response regarding its Nuclear proposal After reaching a six-month low, crude oil prices increased on Wednesday by approximately 1.5% as concerns over rising Russian output and exports Read More…
Corporate America reports better-than-expected earnings, boosting stock prices. Markets are pricing a lower Federal Reserve target rate. Investors are neutral, pending the FOMC meeting minutes. Tuesday saw a slight decline in US stocks due to slightly downbeat Walmart and Home Depot reports. Meanwhile, investors are cautious due to signals of a weakening global economy. The Read More…
Investors are optimistic that the Fed will achieve its inflation target without hurting the economy. Prices are climbing as investors await retail earnings from the US. Markets barely reacted to China’s poor economic data. The E-mini S&P 500 (ES) futures went up as mega-cap growth shares extended the market’s recent rally amid investor optimism that Read More…
Crude Prices continue to fall with a multi-year trend line broken to the downside The next support level to watch is $87.61 Inventory Report will be the main focus for Investors on Wednesday Crude Oil has traded down since our last technical analysis overview of the commodity with prices now at $85.47 per barrel. Once Read More…
Gold prices on the rise due to dollar weakness. The yellow metal might go higher still if the Federal Reserve becomes less hawkish. The Fed’s Daly is open to a more significant rate hike than the expected 50bps. Broader dollar weakness has left the bullion on course for its fourth consecutive weekly gain. US gold Read More…
Last week saw an uptick in US gasoline consumption. US oil refiners and pipeline operators forecast higher energy demand in the second half of 2022. Russia resumes oil supply to Europe via the Druzhba pipeline. Investors flocked to riskier assets in response to lower-than-expected US inflation statistics and promising news on US gasoline consumption. According Read More…
