Crude oil hovers around 71 in European morning. Recently, energy prices have been stuck within a range and its ups and downs have been determined by economic indicators and stock markets. Without…
Tag: commodities trading
Correction Seen in Commodities as Strength in USD Curbs Hedging Demands
Crude oil price slides further and approaches 70 in European morning with USD’s rebound and stock market’s weakness the main drivers. Prices on heating oil and gasoline also plunge to 1.793 and…
Recovery in USD Pressures Commodity Prices in European Morning
Commodity prices drop in European morning as the dollar recovers after plunging for several days. In particular, the pound sinks against the dollar and euro after Lloyds Banking Group was barred from…
Rebounds in Equity Markets Boosted Commodity Prices
Despite weakness in Asian session, crude oil price recovered in NY session amid rebound in stock market and renewed selling in USD. The October contract slid -0.6% to 68.86. Concerning others in…
Commodities Under Pressure as USD Rebounds and Pace of Recovery May Slow
Crude oil price remains under pressure in European morning on stock markets’ decline and USD’s rebound. As recent price rallies have brought risky assets’ valuations to stretched levels, investors have become extremely…