Posts Tagged ‘Europe’

Urals Drop in Price But Strong in Crude Oil Fight for Europe

Monday, May 30th, 2016

An increasing flow of Middle East crude to Europe has forced Russia’s Urals to fight for its place on the market. The Russian grade has dropped in price but managed to preserve its position in the region as one of the most popular.

Urals differentials have been surprisingly stable since the end of 2015, despite negative events, such as seasonal refinery turnarounds, resumed loadings from Iran and the start of Arabian and Iraqi supplies to northwest Europe, which would be expected to affect prices.


Why positive market results in China, EU and US?

Monday, January 28th, 2013

Economical growth in China Shanghai, AsiaThis past week has seen mixed results in commodities trading, with many online traders keeping careful watch on the relatively positive market sentiment emerging from China, Europe and the United States.

Much of this data serves to temporarily paint a rather bullish picture for economic growth in the short and medium-term.

Highlights included China’s manufacturing index hitting a two year high, the European purchasing manager’s index reaching a ten month apex and United States’ jobless figures emerging significantly lower than expected for the second week in a row.

Naturally, these statistics have been directly reflected in commodities trading.

Continued weak European economy

Tuesday, September 4th, 2012

European Union Brussels headquarterThis week’s commodity trading news serves not only to underpin the continued weakness of the European state of affairs but once again ties together the intimate relationship of commodities based on the strength of the dollar.

Ben Bernanke

Comments by Ben Bernanke at the latest conference in Jackson Hole seemed to hint that a further round of quantitative easing may be in the books for the near future; possibly as early as September’s FOMC meeting.

This has resulted in a substantially bullish outlook on the gold markets and the yellow metal’s price has hit a five-month high and many see gold testing 1700 dollars an ounce shortly.

These increased expectations for another round of quantitative easing (QE3) are seen as a bullish upside for most commodity traders while conversely the action is bearish for the US dollar.

Whither the Price of Gold?

Tuesday, July 31st, 2012

Gold bullion priceAccording to Business Week, last quarter marked a four-year low for the price of gold in the commodity markets.

This happened amidst predictions that gold would hit a record high this year.

The price of gold has been rising for the past eleven years. Traditionally, gold represents a safe haven from economic and political uncertainty.

However, eleven years after September 11, 2001, the market for gold may be reaching saturation.