20th May 2019
WTI and Brent crude oil contracts are moving higher by 1.5% at $63.60 and $73.20 per barrel respectively during the first day of the week after the decision of the OPEC+ meeting to maintain the production cut deal until the end of the year to lower the global crude inventories and the rising tension in the Middle East.
16th May 2019
WTI and Brent crude oil prices rises by +0.30% to $62.50 and $72.50 per barrel respectively during the Thursday’s European trading session amid the ongoing tensions in the Middle East and the sabotage attacks in the Saudi Arabian oil infrastructures.
14th May 2019
Crude Oil falls below $61 as trade war escalated despite “sabotage attack” near Strait of Hormuz. Crude oil prices suffered huge losses yesterday amid the escalation of the trade war between the US and China despite the “sabotage attack” against two Saudi Arabian oil tankers near the Strait of Hormuz.
6th May 2019
US President Donald Trump shocked the global markets after he tweeted last night that he would sharply hike tariffs on Chinese goods next Friday, increasing the risk-off sentiment of the market sending the investors to more safe-haven assets such as Gold, Bonds and Japanese Yen.
3rd May 2019
WTI and Brent oil contracts prices are trading near one month lows, at $61.30 and $70 per barrel respectively during the European trading session amid the surge of the US crude production, the unexpected increase of the US crude inventories despite the supply concerns from the end of waivers to Iranian oil exports and from the conflicts in Venezuela and Libya.
30th April 2019
Gold and Silver prices are moving higher by +0.4% during the early US trading session at $1.285/oz and $14.98/oz respectively after the weaker-than expected Chinese Manufacturing data, the weaker US dollar and US Treasury yields and some short covering trades.
18th April 2019
WTI and Brent Oil prices are trading lower by -0.4% at $63.60 and $71.25 per barrel respectively during the early Tuesday’s European trading session amid the deterioration of the risk sentiment after the disappointing Eurozone economic data despite the impressive Chinese economic data and the draw in the US crude inventories.
15th April 2019
WTI and Brent crude oil prices are trading lower by -0.6% at $63.30 and $71.10 per barrel during European session amid reports that OPEC and Russia might re-evaluate their output cut deal on the ongoing supply disruptions from Venezuela and Iran and the new supply threat from the Libyan civil war.
11th April 2019
WTI and Brent oil contracts trade lower by -0.60% at $64 and $71.20 per barrel respectively during the start of the Thursday’s US trading session, slightly lower from their recent highest prices of $64.70 and $71.80 amid the news of escalating civil war in the oil-rich Libya which might threat an oil production of 1.1 million barrels per day.
29th March 2019
WTI and Brent crude oil prices are moving higher by +0.80% at $60 and $67.70 per barrel respectively amid the recovery in the global equity markets after the recent sell-off, the risk-on mood based on the restart of the US-Chinese trade talks and the ongoing supply disruption from the Venezuela and OPEC cut production.
27th March 2019
WTI crude oil contract is trading lower by -0.70% at $59.55 while the Brent oil contract trades slightly lower by -0.20% at $67.80 per barrel during the mid-European trading session amid an unexpected rise in the US crude inventories despite the massive power blackout in Venezuela.
4th March 2019
Gold and Silver prices have collapsed from their yearly highs since last week amid strong selling pressure as the risk appetite has returned on the global markets supported from the progress on the US-China trade negotiations, the rally on the Equity markets and from some technical profit taking.