Crude oil prices stabilized on Monday, with front-month WTI futures last trading flat in the $92.00 per barrel area, as traders weigh ongoing escalation in the Russia-Ukraine crisis against the rising likelihood of a new US/Iran nuclear pact. According to the news flow coming out of Russia, President Vladimir Putin …
Read More »Gold Falls Back Under $1,900 On Biden-Putin Agreement To Kickoff Talks
Gold hit fresh multi-month highs near the $1,910 on Monday but has since dropped back under the $1,900 handle. Geopolitics remains the wildcard that could stoke surprise volatility in either a bullish or bearish direction. The Russian ruble has been coming under significant pressure on Monday, indicative of rising fears …
Read More »Rising Oil Prices And Markets Eyeing Diplomatic Developments in Ukraine
Oil prices rose slightly on Monday after fresh diplomatic efforts to resolve the Ukraine crisis brought relief to markets over supply concerns that kept oil prices close to $100 a barrel. Brent crude futures rose 25 cents, or 0.3 percent, to $93.79 a barrel at 1000 GMT. US West Texas …
Read More »Gold Slips From Over 8-Month High
Gold fell on Monday after hitting its highest level in more than eight months, as demand for safe havens waned after the US and Russian presidents announced their intention to hold a summit on the Ukraine crisis, and the metal came under further pressure from an expected interest rate hike …
Read More »Oil Prices Jump Due to New Warnings About The Ukraine-Russia Conflict
Oil prices rose more than a dollar in early trading on Monday amid growing concerns about a potential conflict between Russia and Ukraine, with the United States and the European Union making clear that Russia would face sanctions if it invaded its neighbor. Brent crude futures rose $1.34, or 1.4 …
Read More »Market Drivers – US Session – 18 February
During Friday’s session, the precious metal consolidated around the $1,886-$1,900 area, amongst exchanges of statements in news media between Russia, Ukraine, and NATO countries, keeping uncertainty around the current situation in Ukraine.Brent crude futures settled 57 cents, or 0.6%, higher at USD 93.54 a barrel, while American WTI crude ended …
Read More »Gold Trapped In A $14 Range As Bulls Prepare An Assault Of $1900
During Friday’s session, the yellow metal consolidated around the $1,886-$1,900 area, amongst exchanges of statements in news media between Russia, Ukraine, and NATO countries, keeping uncertainty around the current situation in Ukraine.The US 10-year Treasury yield fell five basis points sits at 1.925% in the bond market. At the same …
Read More »Oil Traded At USD 91.07, Drilling Rigs Surge For Fourth Week
Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by four to 520 this week. That followed a climb of 19 oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …
Read More »Oil is on Track For a Weekly Loss on Hopes That Iran’s Exports Will Rise
Oil prices extended losses on Friday and headed for a weekly decline as the prospect of an increase in Iranian oil exports outweighed fears of possible supply disruptions from the Russia-Ukraine crisis. Brent crude futures fell $2.44, or 2.6 percent, to $90.53 a barrel, after ending trading on Thursday, down …
Read More »Market Drivers – US Session – 17 Feb.
Thursday’s asset trading closed largely negatively with a significant decline in risk appetite because tensions in Eastern Europe that have come back to the news headlines.Risk assets, first and foremost stocks and the euro, declined as yields of US Treasury bonds fell in favour of higher safe haven assets, most …
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