Commodity Update: Gold, Oil Analysis Gold heads lower on a stronger dollar and pulls back from overbought territory Gold volatility (GXZ) has witnessed a sharp decline after approaching levels synonymous with the banking turmoil earlier this year Brent crude oil drops as global growth outlook outweighs supply concerns The analysis in this article makes use
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US. Via Twitter: I had seen a different number elsewhere for the distillates. — Expectations I had seen centred on: Headline crude -0.3mn barrels Distillates -1.5 mn bbls Gasoline -0.8 mn — This data point is
United States CFTC Oil NC Net Positions declined to 262.3K from previous 300.8K لینک منبع : هوشمند نیوز
Oil rigs -8 Gas rigs +1 The response to the recent oil price bump has been muted. That might reflect the calendar more than sentiment but we will get a better idea once 2024 budgets begin rolling out. From what I’ve seen so far there is a strong commitment to capital discipline but Exxon, for
United States Baker Hughes US Oil Rig Count: 496 vs previous 504 لینک منبع : هوشمند نیوز
Share: Overall, crude oil and refined products have traded sideways for the month of October. Economists at Rabobank analyze Brent’s outlook. Brent will touch, but not average, $100 at some point in Q4 2023 or Q1 2024 Should gasoline demand continue to weaken, it would be a signal that the economic outlook has
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US. Numbers via Twitter … not the expectations I had below the screenshot are closer to the result: — Earlier: Goldman Sachs sees Brent crude oil prices to USD100/bbl by June as stocks ‘descend gently’ Expectations
Earlier this month, the US granted Venezuela sanctions relief in exchange for holding fair elections this year. That plan appears to be unravelling quickly as yesterday Venezuela’s electoral court said it is suspending opposition primaries days after President Nicolas Maduro called the vote a fraud. To be fair, the 93% primary vote for María Corina
Oil (Brent Crude) News and Analysis The weekend premium was deflated on Monday as markets look to the Fed Oil heads lower after respecting resistance at $89 a barrel EU data underscores growth slowdown in major economies The analysis in this article makes use of chart patterns and key support and resistance levels. For more
Crude Oil, WTI, Brent, US Dollar, Gold, FOMC – Talking Points Crude oil might be in for some sideways price action as the Middle East conflict unfolds Haven assets remain desirable amongst the noise and volatility as gold surges The markets appear poised with range trading across many markets Recommended by Daniel McCarthy Get Your
