The upcoming week: Crude Oil Futures

Short Recollection of last week   Beginning by observing the Oil futures; they settled on nearly plane levels on Friday. But still registered the first weekly gain in a month. Inspired by the news that key crude producers will extend output cuts to the period after June; Firstly, on Thursday, U.S. West Texas Intermediate crude [...]

By | 2017-05-14T18:01:07+00:00 May 14th, 2017|Financial, Governments, International, Oil Market|0 Comments

Bar nickel inch higher; beside multi-week lows, and oil price collapse

SHFE   Marginally higher trade among base metals traded on the SHFE. Due to weaker dollar during Asian morning trade on Friday May 5. But there remained near multi-week lows following an overnight collapse in the oil price. Nickel bucked the uptrend, as expectations of increased supply continued to push prices lower. “European markets are [...]

By | 2017-05-05T07:02:42+00:00 May 5th, 2017|Financial, Governments, International, Oil Market|0 Comments

Copper price falls below $5,700/t; all base metals down

Financial Markets on Wednesday:   Fed expected to stand pat on rates Jobs data and service sector activity to serve as prelude to Fed Apple sales disappoint, shares off 1.5% Oil bounces back from 1-month low Global stocks show caution ahead of Fed decision     LME on Wednesday: “Prices have dropped this morning but [...]

By | 2017-05-03T11:32:50+00:00 May 3rd, 2017|Financial, Governments, International, Oil Market|0 Comments

Global OIL market nears balance even as stocks go up

    Global OIL Demand In the beginning, after nearly three years of surplus production, global demand for oil is finaly close  to run out. Non counting the growth in the overhang of unused crude oil. International Energy Agency said that in March, oil stocks in OPEC fell by 17.2 million barrels per day. “Over [...]

By | 2017-04-13T20:53:34+00:00 April 13th, 2017|Financial, International, Oil Market|0 Comments