Crude oil price sank -2.7% to close at 68.05 Tuesday, the lowest settlement since August 17 as driven by decline in equity markets and strength in USD against the euro. Others in…
Category: Oil & Gold Report
Crude Remains Under Pressure – Surge in Fear Index Suggests Lower Risk Tolerance
Currently trading at 68.5, the October contract continues to trade below 70 in European morning. The market awaits the US Energy Department’s inventory report which will likely show a draw in crude…
Potential Slowdown In China Growth Pressured Commodities
Crude oil price plunged -3.8% to settle at 69.96 Monday amid worries that credit tightening in China would dampen demand outlook. Stock markets also declined with Dow Jones Industrial Average and S&P…
Refiners In China At Risk As The Government May Delay Price Hike
Crude oil price rebounds to 70.2 in European morning as strong China PMI eases demand worries. Trading will likely remain thin before NY session opens. The US government will report ISM manufacturing…
Crude Oil Price Retreats In Asia Amid Decline In Stock Markets
Crude oil price drops to 72.3 in Asia Monday as driven by decline in stock markets. Strength in Japanese yen after DPJ’s election victory and worse-than-expected earnings results by Chinese companies trigger…
Crude Extends Weakness As China Shares Tumble
WTI crude oil price plunges below 71 in European morning. In August, the benchmark contract probably stays flat or only edges slightly higher after modest decline in the previous month. Tumble in…