|Day's Range||49.75 - 50.65|
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures edged up slightly around noon on Thursday, snapping two ...
Oil prices extended gains on Monday, but the increases were limited as the dollar recaptured some ground after touching its lowest level in more than three years on Friday. London Brent crude (LCOc1) was up 15 cents, or 0.2 percent, at $64.99 after rising more than 3 percent last week.
The battle between U.S. shale and OPEC will continue to be the dominant narrative in oil markets this year, keeping prices in a narrow band
Investing.com - Oil prices finished higher for a third straight session on Friday to score a weekly gain, as investors weighed OPEC's ongoing efforts to rid the market of excess supplies against indications of rising U.S. production.
Iran has offered to raise the freight discount on oil sales to India in return for New Delhi agreeing to boost imports, as the OPEC member is keen to eat into the market share of other producers including top rivals Saudi Arabia and Iraq. Iran is pushing to retain customers for its oil in Asia, hoping concessions will boost the appeal of its crude compared with other Middle Eastern suppliers, even as the threat looms of potential further U.S. sanctions on the country. Since the lifting of sanctions on Iran in 2016 it has been offering India a freight discount linked to a formula translating into 105 percent of the Platts assessment.
Based on Friday’s chart pattern, the direction of the index on Monday will likely be determined by trader reaction to Friday’s high at 89.15.
Based on Friday’s close at $61.55, we’re looking for the upside bias to continue on a sustained move over $62.15 and for weakness to re-emerge on a sustained move under $61.18.
Bitcoin markets rally during the week, breaking above the hammers that had formed in both the currency pairs that I follow here at FX Empire, so it is a good sign, but we do have some work to do.
Ethereum markets have been very quiet on Friday, as we continue to see the market wrestle with a significant level in most large crypto currencies. Ethereum of course won’t be any different.
Yanzhou Coal Mining Company Limited (SEHK:1171) delivered a less impressive 8.07% ROE over the past year, compared to the 10.78% return generated by its industry. Though 1171’s recent performance isRead More...
By Ayenat Mersie NEW YORK (Reuters) - Oil prices edged up on Friday as a rebound in the global equities market and a weak dollar supported crude's recovery from last week's slide. Global stocks rallied for a sixth straight session to post their best week in more than two years. The weaker dollar has been extremely supportive to crude," said Bill Baruch, president and founder of Blue Line Futures.
Investing.com - The Commodity Futures Trading Commission released its weekly Commitments of Traders report for the week ending February 13 on Friday.
___ Trump decries 'far-fetched' collusion theories President Donald Trump says "far-fetched theories" about collusion in the 2016 election "only serve to further the agendas of bad actors, ...
Investing.com – Crude oil prices settled higher shrugging off data showing the number of US oil rigs rose for the fourth straight week.
Investing.com - Crude oil prices were mixed on Friday, as the U.S. dollar rebounded from earlier losses, while expectations for further efforts to limit global oil output continued to support.
LONDON (Reuters) - - Shell (RDSa.L) said a "small fire" which occurred during maintenance on a furnace at its 404,000 barrels-per-day Pernis oil refinery in the Netherlands had been extinguished ...
Investing.com - Gold prices trimmed gains on Friday, pulling away from three-and-a-half week highs as the release of strong U.S. housing sector data sent the greenback broadly higher.