|Day's range||47.41 - 48.73|
Investing.com – Crude oil prices settled higher as investors cheered upbeat commentary on oil market rebalancing while data showing Cushing inventories declined lifted sentiment.
Investing.com – Gold prices fell sharply amid a rejuvenated dollar and rising bond yields ahead of the release of the Federal Reserve’s January meeting minutes.
With the oil market set to rebalance, the oil cartel’s president says a fresh injection of trillions of dollars is needed by 2040 to meet demand from the world’s growing population and says there’s an ...
Libya’s oil production could be in jeopardy as the finance ministry struggles to make budget payments to the National Oil Corporation
Investing.com - U.S. Futures pointed to a lower open on Tuesday, as investors return from a long holiday weekend and inflation concerns continue to rattle markets.The S&P 500 futures fell 19 points or 0.72% to 2,715.25 as of 6:40 AM ET (11:40 GMT) while Dow futures decreased 198 points or 0.78% to 25,038.0. Meanwhile tech heavy Nasdaq 100 futures was down 53 points or 0.78% to 6,733.75.Fresh jitters have returned to the market, as investors keep an eye on the bond market amid inflation concerns. Markets were closed on Monday for President’s Day. ...
Investing.com - Oil prices fluctuated between gains and losses again Tuesday morning in Asia, following Saudi Arabia’s decision to cut oil production late last week even as the U.S. continues to increase production.
Crude rallied for 4th straight session, logging 12-day high of 62.49, rebounding after a sharp drop that saw prices decline nearly 13% after hitting highs in January near 66.65. Inventories continued to be mixed a robust increases in U.S. production has offset continued declines in imports especially from Saudi Arabia. Crude oil prices closed above former resistance now support near the 10-day moving average at 61. Resistance is now seen near the January highs at 66.66. Momentum is positive, as the fast stochastic continues to move higher following a crossover buy signal generated mid-last week. The MACD is also ready to generate a crossover buy signal. The Energy Information Administration reported that U.S. crude oil inventories increased by 1.8 million barrels from the previous week.
Investing.com - Crude oil prices continued to hover at more than one-week highs on Monday, supported by tensions in the Middle East and global supply cut efforts, although concerns over rising U.S. production persisted.
Investing.com - Gold prices remained lower in subdued trade on Monday, as the U.S. dollar remained mildly supported although fresh U.S. political woes could potentially threaten the greenback's future gains.
Based on last week’s close at 89.013, the direction of the U.S. Dollar Index this week is likely to be determined by trader reaction to the steep downtrending Gann angle at 88.83.
Asian equities are on the rise again this morning, while the Dollar stumble resumes on a light trading day, with China, HK, the U.S and Canada on holiday today.
Investing.com - US crude edged higher in Asia on Monday in thin trading with China and other countries in the region shut for holidays.