After the Energy Agency's warnings about demand : Oil prices fell by about 1% during trading on Friday, after warnings from the International Energy Agency about slowing global demand growth for oil. A report on oil rig activity in the…
Continue ReadingGold steady after high volatility in starting of the week Commodities in focus this week After a wild start to the week, Xauusd (Gold) has found support. Trading in the early Asian session on Monday and shattering the crucial support…
Continue ReadingChina's sour tones weighed on sentiment earlier, but the bleeding has halted now that local markets are closed. As the focus now shifts to European trading and attention returns to the Fed tomorrow, this may be helping to see the…
Continue ReadingIt was a slow-paced session, with broader markets remaining stable. In the last two days, equities have risen slightly, but Treasury yields have also risen. 10-year rates have risen somewhat but remain just below 1.30 % for the time being.…
Continue ReadingWeekly oil inventories in the United States Prior to that, it was +6866K Gasoline +1039 vs -1786K experience. +3657K for distillates vs. +0.877K for exp Refinery utilization -0.4% vs. +0.5% in the previous year Cushing -1589K Late yesterday, API…
Continue Reading
