States emerge at forefront of climate action as Trump administration dismantles emissions rules [Read More...]
Royal Dutch Shell: chastened chaser
The oil and gas producer’s agonies are inextricably linked to the slow retreat of global capital from hydrocarbons [Read More...]
US Crude Rises on Third Straight Weekly Supply Drop, Capped by Weak Demand
Crude oil futures are recording modest gains in the middle of the trading week after the US government reported another decrease in weekly supplies. But crude prices continue to be affected by lackluster foreign demand, and investors remain concerned that the global supply glut could worsen. November West Texas Intermediate (WTI) crude oil futures advanced $0.15, or 0.38%, to $39.44 per barrel at 14:42 GMT on Wednesday on the New York Mercantile Exchange. US crude prices will post a September loss of more than 5%. Year-to-date, WTI prices are down nearly 36%. Brent, the international benchmark for oil prices, is trading relatively flat midweek. December Brent crude futures edged up $0.04, or 0.1%, to $41.60 per barrel on London’s ICE Futures exchange. Brent will suffer … [Read More...]
Oil price sinks and global equities rally cools
Energy majors ExxonMobil and Chevron both fall more than 2% as crude drops to $41 a barrel [Read More...]
Shell to cut up to 9,000 jobs in effort to shave $2.5bn in costs
Oil and gas major seeks to streamline its business after Covid-19 shock [Read More...]
Bullish Turn for Banks, Gold; NDX to Cash
Three signals take effect on this week’s open of trading based on the latest Commitments of Traders data:- bullish for the BKX U.S. Bank Index and gold- cash for the Nasdaq-100 indexVery sorry for my late update this week! See my latest signals table for more details on trader positioning as reported in the free weekly COT reports from the CFTC.Good luck this week. [Read More...]
JPMorgan to pay $920m in largest-ever spoofing settlement
Bank admits it manipulated precious metals and Treasuries markets for eight years [Read More...]
Oil traders rush to invest billions into renewables
Mercuria, Gunvor, Vitol and Trafigura speed up preparations for energy transition [Read More...]
Soybeans Extend Losing Streak on Crop Ratings, Harvest Yields
Soybean futures are extending their losing streak on Tuesday as improving crop ratings and better-than-expected harvest yields weigh on the agricultural commodity. Since the crop rallied to its best level since May 2018, soybean prices have been on a downward path, falling below the crucial psychological level of $10. November soybean futures tumbled $0.0925, or 0.93%, to $9.87 per bushel at 14:24 GMT on Tuesday on the Chicago Board of Trade (CBoT). Soybean has slipped more than 3% over the last week, but it is poised for a monthly surge of 3.5%. Year-to-date, soybean prices are up about 3.2%. According to the US Department of Agriculture (USDA), the domestic soybean harvest was 20% completed, up from just 6% in the previous week. This is also … [Read More...]
Smart Money Bullish on SPX Amid Quiet COT Data
No new signals from the latest Commitments of Traders report Friday afternoon. Traders are relatively quiet, according to the CFTC’s free weekly COT data.Minor development: “Smart money” S&P 500 commercial hedgers have been building their net futures and options positioning as a portion of total open interest.They’re now 1.7 standard deviations above the moving average of recent data. That signal has been bullish since June 16.See my latest signals table for more details on how traders are positioned in the 10 markets I trade using the COT reports. Good luck this week. ? ???? ????????????, ???????. [Read More...]
ArcelorMittal: riding the ferrous wheel
Chief executive Lakshmi Mittal hopes disposal of US steel assets will mark a turning point [Read More...]
Devon agrees to buy rival shale producer WPX
$12bn transaction is the biggest in the US shale industry since the collapse of crude prices [Read More...]
Video: Silver Price Analysis for October 2020 – Rebound After 20% September Drop?
In the present video, David Jones from Capital.com provides his forecast for silver in October 2020, trying to answer the question: will prices be able to rebound in October after the big drop in September. He talks about factors that were driving the white metal as well as factors that will be affecting it in the near future, shows important support and resistance level, and demonstrates charts of the commodity, speculating where prices may go next. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below. © Commodity Inspector for Commodity Blog, 2020. | Permalink | No comment | Add to … [Read More...]
Nasdaq-100 Bearish, Cash for Gold, Crude Oil
Three signals take effect on this morning’s open of trading based on the latest Commitments of Traders data:- bearish for the Nasdaq-100- cash for gold and crude oilAll other signals remain the same as last week. See my latest signals table for the details.Good luck this week. [Read More...]
Rosneft warns BP and Shell creating ‘existential crisis’ for oil supplies
Russian group says shift towards renewables could lead to supply shortages and higher crude prices [Read More...]
Devon/WPX: no premium, no problem
Pooling resources makes sense as the combined group will become the fourth-largest US shale oil producer by output [Read More...]
Video: Weekly Commodity Forecast – Gold, Silver, Palladium, Platinum for September 28 – October 2, 2020
In the present video, Phil Carr from The Gold and Silver Club talks about gold, silver, palladium, and platinum for the week of September 28 – October 2, 2020. He starts the video by talking about the recent performance of the metals and explaining what factors were driving them. He next shows charts of the commodities, discusses fundamental and technical factors that can be driving prices, and speculates where prices may go next. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below. © Commodity Inspector for Commodity Blog, 2020. | Permalink | No comment | Add to del.icio.us Post tags: Feed … [Read More...]
Bullion Bullish, Banks to Cash: COT Data
Just two new signals taking effect on this week’s open of trading based on the latest Commitments of Traders data:- cash for the BKX U.S. Bank Index- bullish for goldSee my latest signals table for more details on how traders are positioning trillions of dollars in 200-plus markets according to the free weekly COT reports issued by the U.S. Commodity Futures Trading Commission.Good luck this week. [Read More...]
Trafigura plans $2bn renewables push
Singapore-based oil trader to buy or build 2GW of solar, wind and power storage products [Read More...]
The new gold rush: western investors offset soft eastern demand
As ETFs helped push the price to record highs, Indian and Chinese consumers are selling the precious metal [Read More...]
- 1
- 2
- 3
- …
- 7
- Next Page »