Posts Tagged ‘oil prices’

Latest figures for gold and other types of trading

Monday, January 23rd, 2017

The latest commodity figures show that gold and oil increased in value this weekend; the former was up by 0.88% and the latter was by 0.11% when compared to last week’s figures. This is particularly interesting given that this has been a month in which the price of oil has been moving sharply up and down in response both to the US presidential elections and to volatile forecasts about the situation in the Middle East. There are two key factors that are behind the fact that this commodity is valuable at the moment, though, and these are outlined below.

Gold and Oil: The Bears are Back in Town

Tuesday, July 21st, 2015

Much of the recent online trading news has centred around the falls that both gold and oil have taken in recent weeks. For commodity investors, it seems that the bears have indeed taken the stage. Gold has fallen to less than $1,100 dollars an ounce; the first time that this level has been seen since March of 2010. From an even more drastic perspective, this signals that it is no less than 40 per cent below its all-time peak that was reached in August of 2011. As historically always occurs, this dip has been seen to reflect more positive economic data emerging from the United States. Additionally, Federal Reserve chairman Janet Yellen hinted that interest rates are likely to rise during the remainder of 2015. (more…)

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.

Federal Reserve and ECB stimulation on Crude oil trading

Saturday, August 4th, 2012

Crude oil barrel and US DollarCrude oil prices fell earlier this week, but picked up slightly at the end as stimulation from the Federal Reserve and the European Central Bank (ECB) increased confidence in the market. Furthermore, a fall in the value of the US dollar made the oil cheaper for countries using other currencies, which also contributed to the rise in price.

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…)

Oil and metal stocks open higher

Tuesday, August 17th, 2010

Brent and crude oil prices climbed to $75.6 early Tuesday morning, while both gold (+0.73% to $1225.50) and silver (+0.38 to 18.49) also traded higher.

Commodity stocks on FTSE 100 rises

Scottish oil company, Cairn Energy (LON:CNE), rose 5.32 % to £493.20 after announcingsale of their stake in London Stock Exchange-listed Vedanta Resources Plc.

Other commodity stocks rising early Tuesday morning include African Barrick Gold (LON:ABG), mining companies Xstrata (LON:XTA) and Kazakhmys (LON:KAZ).

Keep an eye on economic data from US housing today, which can impact commodity prices. (more…)

The price of oil down 18% in May

Monday, May 24th, 2010

Although summer usually tends to give lower oil and commodity prices, the month of May 2010 has been moving more than usual. Light crude oil have fallen 18% in May, and the question among oil traders now is if it will continue to sink or about to rebound?

Where are oil prices heading?

The commodity market this week begins fragmented and there is uncertainty as to which direction light crude oil will take the coming weeks.

Some oil analysts have a gloomy market outlook, believing increased pressure on demand for oil in the second half of 2010 will give even lower price for oil. Public debt is still a huge problem in Europe and Adam Sieminski, energy analyst at Deutsche Bank, believes that there is now talk of a W-shaped recovery.

More positive oil analysts believe that a temporary correction have taken place and now expect a recovery. They point out China’s demand for oil as an example, which have increased 12% this year.

Where do you think the price of oil are heading?