Archive for the ‘Copper’ Category

Gold Falls and Oil Firms as Markets Shrug Off Turkey Coup

Monday, July 18th, 2016

Gold slid one per cent on Monday (July 18) as investor jitters calmed following the failed coup attempt in Turkey, while oil prices edged higher with the turmoil unlikely to hit energy supplies.

Copper fell for a second session on pressure from a stronger dollar while corn prices jumped, underpinned by forecasts of hot-dry weather potentially reducing U.S. crop yields.

Turkey widened a crackdown on suspected supporters of a failed military coup, taking the number of people rounded up in the armed forces and judiciary to 6,000, and the government said it was in control of the country and economy.

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Gold is falling and silver is right behind

Monday, July 27th, 2015

The US investment bank Morgan Stanley is concerned that the gold price is in decline and that the price of gold could fall as low as 800 dollars per ounce. News agency Bloomberg writes in an article that the bank believes that the time of high prices for precious metals is over and that a new era will begin with less price stability. (more…)

Learn why the Oil Prices Set to Fall

Monday, June 3rd, 2013

Drilling for oilThe buzz from trading analysts is that world oil prices are set to fall thanks to oversupply caused by North American shales, excess inventory and a failure by the Organization of Petroleum Exporting Countries (OPEC) to cut production at its meeting last week.

Although the large, frackable oil deposit finds in Canada and the United States have met with both transportation difficulties and environmentalist opposition, they still raise fears of a coming glut in the world oil market. Meanwhile, the United States, consumer of a healthy percentage of the world’s petroleum products, already has an excess of oil inventory.
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Commodities slump after sharp dip in oil markets

Tuesday, September 18th, 2012

Oil barrelLate trading on Monday saw oil prices plummet briefly as the benchmark WTI price lost $4 in a few minutes, fuelled by rumours of a possible release of stocks from USA strategic reserves.

Coming in the wake of the Federal Reserve’s latest round of quantitative easing, with which Chairman Bernanke has promised to inject a further $40 billion monthly into mortgage-backed securities until employment figures improve, this latest shock underlines the skittish state of commodity markets.

Prices across energy and precious metals markets had been rising in anticipation of last Friday’s FOMC announcement, with gold peaking above $1770 before retracing 0.7% on the London spot market in the space of 22 minutes. Silver fared worse, with a 1.6% decline.
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Oil down, whilst gold price increases

Thursday, May 3rd, 2012

Oil prices have, for some time, slowly declined from previous peaklevels, metals however, is rising continously. This is simply the summary of
the commodity market today, and there is no indication that any major change will happen in the near future.

Increased oil production – Oil price still high

Oil prices are slowly falling and turning downwards. This includes both WTI- and Brent oil. On behalf of the Brent oil, the turnaround in April 2012 was the first since December.

This all depends on a variety of causes, one of them being the increased production. Within OPEC, there has been an increase by 305 000 barrels per day in April. This is an increase by 1 percent compared with March, and represents a total production of 31.4 million barrels per day.

Nigeria is also investing in increased production of crude oil in the long run. By 2020, the capacity will increase to as much as 4 million barrels per day. This should be compared with the country’s current production of approximately 2.1 million barrels per day. The country is also investing to increase their oil reserve, a backup, which is planned to land at 40 million barrels, an increase of about 3 million barrels from the current reserve.

Information about these plans is considered very safe when delivered by Nigerias Oil (more…)