Archive for April, 2015

High oil stocks while gold trading price remains subdued

Sunday, April 26th, 2015

Oil pumps in Saudia Arabia
This week, the crude oil price tag has fluctuated a few cents around the $57 per barrel level, while gold futures have been trading at a disappointingly low level for some – in the region of $1,175 to $1,177 per ounce.

Small fluctuations around $57 per barrel

Crude oil stocks are currently at an eighty-year high, this being attributed to Saudi Arabia curbing its military campaign against Yemen.

While there no longer seems to be the threat of oil price crashes, prices have dropped from around $58 to $57, which is a minor fluctuation when considered in the context of thirty-day movements, between $40 and $58.

Time to turn oil shorts into longs

Monday, April 13th, 2015

Has the tide turned in oil prices? Certainly, there’s been a measurable rise in Brent Crude since its low of 4778 in mid-January, but that could have been expected given such a precipitous drop in the six months before.

Since then the price recovery has been measurable but muted, reaching a high of 6283 during February only to fall back to 5258 by mid-March.

However, during the last week, hedge funds have turned into a bullish mode for commodity indexes, with oil and gold leading the way.

Oil Prices to Stay Low After a Rebound, Gold Boosted by a Delay in Rates Rise

Tuesday, April 7th, 2015

Oil News

Despite oil prices rebounding on Monday with Brent crude at $58.12 a barrel, online commodity traders should be cautious, as a report produced by Goldman Sachs Analysts predicts months of low oil prices ahead.