Posts Tagged ‘price of oil’

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.

Stagnation is the Name of the Game in Terms of Oil and Gold

Wednesday, December 9th, 2015

In recent news, it has been shown that mining prices have taken massive hits with some companies such as Anglo American down nearly 22 per cent since the start of trading this week. Such negative movements serve to underpin the fact that online commodity trading experts still feel that there is a glut in terms of supply versus demand.

In turn, both oil and gold have once again entered into a more bearish territory (if ever having left this region to begin with during the past few months).

Oil and Gold Prices Rise in the Aftermath of Paris Terrorist Attacks

Thursday, November 19th, 2015

In the wake of the Paris terror attacks on Friday 13th November 2015, gold and oil prices rose while other markets such as travel and tourism-related stocks fell.

On Monday 16th November, the BBC reported that gold prices had risen by 1% since the attacks, while oil prices also rose as the market reacted to concerns about oil availability following the French air strikes in Syria.

Oil and Gold this week: Gloom or Gains?

Monday, June 1st, 2015

A Balancing Act?

The online commodity trading community has been carefully following the prices of oil during the past few months and some analysts believe that a slight price rise may be set for the near future.

Recently, it has been shown that stocks of crude in the United States fell for a fourth week in a row.

This was the primary cause of the rise of front-month Brent to $62.50 dollars a barrel (a gain of 40 cents).

Information released by the Energy Information Administration highlighted the fact that reserves within the United States fell by nearly 2.8 million barrels.

Gold and oil down, but which will rise in the near future?

Wednesday, March 11th, 2015

Gold news

This morning online commodity traders woke to a fresh shock, another price drop in gold, a new four month low, completely wiping off all profits made in 2015. This was the seventh consecutive day of trading loss. Gold futures for April fell to $1,160.10.

Reasons for pressure on gold

The world economies are slowing, inflation is low, and gold has always been used as a hedge against rampant inflation.

The highest volatility index since 2009

Wednesday, February 11th, 2015

Volatility index for brent oil crudeIt seems as if oil has taken a pronounced rebound after its rather recent figures.

Indeed, black gold capped is largest 14-day rally in 17 years when news surfaced that a fall in production within the United States may serve to dent current supplies.

Not only did Brent crude at one point jump no less than 18 per cent, but the volatility index is at its highest since 2009.

The primary cause for this massive jump is due to what many feel has been a knock-on effect.

Gold rises higher while the price of oil drops

Friday, April 4th, 2014

Trade gold - price increasePeople often turn to gold as a safe haven in times of economic turmoil, and recent developments have caused a spike in the price of this perennially popular commodity.

On Friday, a low US Non-Farm Payroll number and a flat unemployment rate caused stock prices to plummet, with the S&P 500, the Dow Jones and the Nasdaq 100 all taking a hit.

It appeared that people were taking refuge in gold, which saw its price rise above the $1,300 round figure.

Oil prices plummet amid high US Supplies and easing tensions in the Middle East

Wednesday, November 6th, 2013

Price of oil and gold forecastLast month saw the price of crude go up to a little over £70 per barrel amid concerns over the possibility of war breaking out in Syria. However, easing tensions in the region, thanks to significant diplomatic strides being made on Syria’s chemical weapons and Iran’s nuclear program, along with high US supplies have led to the price of crude plummeting to slightly over £58 per barrel.

The declining geopolitical risk in the Middle East has played a significant role in the fall of the price of crude oil. The likelihood of Iranian oil flowing back into the market has increased significantly as the country’s leaders declared they want to come to an agreement quickly with the major powers regarding their nuclear program.

Why has oil hit a four month low?

Tuesday, October 22nd, 2013

Oil prices have dominated many of the headlines in recent commodity trading news. On October 22nd, it had been seen that recent futures have closed near four-month lows.

This has much to do with rising crude supplies within the United States. While such an event was foreseen, recent non-farm payroll data seemed to slightly hint at a brief contraction in domestic industries throughout the country.

Thus, some analysts have curtailed their predictions for oil consumption in the winter months. Although there is indeed a higher amount of oil on the open market than there is demand, some online investors may view this as a time to purchase; assuming that consumption will increase in the northern hemisphere as winter approaches.

Good news for gold, and why oil traders should get worried

Friday, September 20th, 2013

Throughout the centuries, items have been exchanged for other items or currency. Today, people can trade in either currencies or commodities. Commodities are things that are generally accepted to be of value, have consistent levels of quality, and are mass-produced across the world. These items vary from crops such as wheat to minerals such as gold.