Commodities articles

The Perfect Storm for the Dollar Is Here

All the ingredients are in place for the U.S. dollar to contract in supply and rally, providing more headwinds for gold, according to Brent Johnson, CEO of Santiago Capital. “We kind of have this perfect storm for the dollar. You’ve got the Trump trade policies, which…enacting tariffs means less dollars circulate. If less trade is


U.S. oil ends below $70 a barrel as inventories continue to rise

Deputy markets editor Oil futures dropped Wednesday, with the U.S. benchmark ending below $70 a barrel for the first time in more than three weeks, as U.S. government data revealed a sizable climb in domestic crude supplies for a fourth week in a row. November West Texas Intermediate crude on the New York Mercantile Exchange

Futures, Commodities, Markets, Commodity Futures Trading Commission, Oil

Oil boosted by signs Iran crude exports falling, Hurricane Michael threat

Oil futures settle higher Tuesday, finding support from signs that Iran crude exports are falling ahead of reimposed sanctions. Market participants also eyed any risks to energy infrastructure as Hurricane Michael headed for the Gulf of Mexico. West Texas Intermediate crude for November delivery CLX8, -0.31%  on the New York Mercantile Exchange rose 67 cents,

UBS analyst is looking for oil to rally 20% by the end of 2017

U.S. oil benchmark climbs back to a nearly 4-year high

Oil futures rallied on Wednesday as reported declines in Iranian exports due to pending U.S. oil sanctions, and uncertainty surrounding the ability of other major oil producers to make up for the loss, lifted U.S. and global prices back to nearly four-year highs. The strong gains came despite data from the U.S. government which revealed


U.S. oil benchmark ends lower as Atlantic storms threaten energy demand

U.S. benchmark crude prices ended lower Monday on growing concerns that storms churning in the Atlantic will hurt energy demand on the U.S. East Coast. Global benchmark crude prices, however, continued to climb on expectations that renewed sanctions on Iran will tighten the world’s supply of oil. October West Texas Intermediate crude CLV8, +0.04% the

Gold Will Need These Catalysts for Long-Term Growth

Gold has been driven by the U.S. dollar in the short-term, but on a longer term horizon, it will need more than just a weaker dollar for a sustained rally, said Will Rhind, CEO of GraniteShares. “I think longer-term, there are three key catalysts. One, apart from the dollar itself, it has to be lower

Are Some Central Banks Dumping Their Gold?

Gold prices fell more than $17 on the day Wednesday, and while central banks may have played a role in its selloff, the bigger driver is the strong U.S. dollar, fueled by rising interest rates, said Gerald Celente, publisher of the Trends Journal. “What brought gold down? Well, obviously, rising interest rates, that’s no surprise,


Oil prices end up for the day on forecast for rising demand, but lower for the week

SarahMcFarlane Oil prices settled higher Friday as a forecast for rising global crude demand, and supply boosts from Russia, offset lingering concerns about trade tensions cutting global consumption of energy products. The International Energy Agency raised its forecast for global oil demand growth by 110,000 barrels a day to 1.5 million barrels for 2019. Its