Tag Archives: demand

Front-month WTI futures surged above the $90.00 level for the first time since 2014 in recent trade on Thursday, taking their on-the-day gains to more than $2.0, which would mark the best one-day performance in three weeks. No specific one fundamental catalyst can be singled out as behind the recent …

Front-month WTI futures touched fresh seven-year peaks on Friday, reaching $88.82 for the first time since October 2014, before pulling back somewhat to just below $88.00 again. Still, that leaves WTI trading more than 50 cents higher on the session and about $3.0 higher on the week. WTI is on …

Chicago Federal Reserve President Charles Evans said on Thursday that three rate hikes in 2022 would be a good “opening bid”, though it could be four if inflation doesn’t improve fast enough.Evans added that he is reluctant to declare that the US has reached full employment, but that inflation is …

A quick look at central bank and government policies in the wake of the pandemic will easily help conclude that there is a highly bullish trend for commodity prices. In early 2020, when the pandemic caused selling in markets across all asset classes, there was a warning that quantitative easing, …

So far, commodities have been the best performing asset class in 2021 amid record high prices, but will rising interest rates next year hold back the momentum of this investment?The sped-up tapering is signaling steeper interest rate hikes over the next two years, consequently, this will add to the US …

Data released on Thursday showed GDP rose in Canada 0.8% in October and the Canadian economy is expected to grow at a 6.5% rate during the fourth quarter. GDP in Canada rose 0.8% in October as supply chain disruptions eased, at least temporarily. Motor vehicle and parts manufacturing jumped 19% …

China’s top leadership made stability its top economic priority for next year, indicating that it will redouble efforts to support the economy as growth slows, analysts say.At a Monday meeting led by President Xi Jinping, China’s Politburo vowed to expand domestic demand, promote the healthy development of the property industry, …

On Friday, oil prices recorded their largest one-day drop since April 2020 by falling about $10 a barrel, as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell through 2022’s first quarter.Oil fell with global equities markets on fears the new variant could …

Oil prices fell on Tuesday after rising in the previous session, as a result of talk that the United States, Japan, and India will release crude oil reserves to bring prices down, despite the risk of faltering demand due to the spread of coronavirus cases in Europe. A source familiar …

Oil prices rose on Monday but remained pressured by rising COVID-19 cases in Europe and the possibility of Japan drawing down on its national reserves, raising concerns about oversupply and weak demand. Brent crude and US West Texas Intermediate prices fell more than a dollar in early trading, hitting their …