Category Archives: Commodities

Oil Prices Rise Anew Ahead of Saudi-Led Supply Cuts

Crude oil bounced back sharply on Tuesday after Saudi Arabia provided hard numbers on its planned output cuts in January, raising optimism that OPEC and its allies were pushing ahead with their plan to drain the market of excess supply. Crude Bounces Back The West Texas Intermediate (WTI) benchmark for U.S. crude futures climbed $1.24, […]

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Oil Prices Dip Following OPEC-Russia Boost

Crude oil was back on the defensive Monday, as the OPEC-induced rally showed signs of fizzling amid apparent geopolitical and economic headwinds. In short: traders are still doubting whether the planned output cut announced on Friday will be enough to drain the supply glut in the face of waning economic growth and lower demand projections. […]

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Oil Prices Drop Ahead of OPEC Production-Cut Figures

Oil prices faced a brisk selloff Thursday after investors caught wind of news that the Organization of the Petroleum Exporting Countries (OPEC) had agreed to reduce output by an unspecified amount. The Saudi-led cartel is reportedly waiting for Russia to come on board before declaring specific output levels for the new year. Crude Drops Both […]

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Palladium Tops Gold for the First Time in 16 Years

Palladium, gold’s lesser known sister metal, extended its rally to new record highs on Wednesday in a buying frenzy that has been fueled by a major shift in the automotive industry. Outshining Gold For the first time in 16 years, the price of palladium has topped gold. The shiny, silvery metal used in primary manufacturing […]

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Oil Prices Surge on Trade Optimism; Qatar Exits OPEC to Focus on Natural Gas

Crude oil rose sharply on Monday, buoyed by a confluence of free-trade and production-related news following a high profile G20 summit over the weekend. The Start of a Resurgence? The West Texas Intermediate (WTI) benchmark for U.S. crude futures rose $2.11, or 4.1%, to $53.04 a barrel on the New York Mercantile Exchange. The January […]

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Oil Briefly Falls Below $50 a Barrel Ahead of G20 Summit

Crude prices returned above $50 a barrel Thursday, shrugging off an earlier fall amid reports that Russia was willing to join OPEC in a new round of production cuts. Markets remain on edge ahead of the highly anticipated Group of 20 summit in Buenos Aires, Argentina where U.S. President Donald Trump will meet Chinese counterpart […]

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Oil Prices Resume Slide amid OPEC Uncertainty

Crude oil was back on the defensive Wednesday, as rising U.S. inventories and uncertainty about OPEC production cuts undermined a modest recovery effort earlier in the week. Crude Slips The West Texas Intermediate (WTI) benchmark for U.S. crude futures fell 79 cents, or 1.5%, to $50.77 a barrel on the New York Mercantile Exchange. Prices […]

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Commodities Will Surge in 2019, Goldman Sachs Predicts

2019 will be the year of commodities, according to Goldman Sachs. The Wall Street mega bank strongly believes that raw materials are due for a large comeback in the coming months given the huge disconnect between prices and fundamentals. Big Commodity Rebound Ahead Energy and primary metals are expected to rebound strongly in the coming […]

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Cardano Price Analysis: ADA/USDT Vulnerable to Another Hard Fall

Cardano’s Charles Hoskinson provided some insight on timing for the 1.4 update and more. ADA/USDT, given market conditions and technical price structure, is subject to another break lower.  Cardano’s ADA is in just as much trouble as every other cryptocurrency, given the strong and very stubborn bear market. There still appears to be room for […]

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Oil Prices Recover from 13-Month Lows, but Oversupply Fears Keep Rally Subdued

Crude oil bounced back Wednesday from one of the worst selloffs of the year, though the extent of the rally was limited by persistent oversupply fears after President Trump thanked Saudi Arabia for helping to lower prices in recent weeks. Crude’s Tepid Recovery The West Texas Intermediate (WTI) benchmark for U.S. crude futures climbed 89 […]

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Oil Prices Sink to New 2018 Lows as Attention Shifts to OPEC

Crude oil was back on the defensive Tuesday, with U.S. futures prices plunging by as much as 6.2% on concerns of rising supplies and a cooling economy. A broad selloff in stocks and other risk-on assets also undercut commodity prices following a tepid recovery that stretched into Monday. Crude Prices Slump The West Texas Intermediate […]

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