Commodities Analysis & Opinion

On Tuesday, Nov. 23, the Biden administration finally announced its much-discussed plans to release crude oil from the United States’ Strategic Petroleum Reserve (SPR). The release is planned in...

Crude oil found support in the last 24 hours despite an official announcement by the White House that it will release its strategic oil reserves. So the market might have already priced that action in...

OilIt was a busy day covering oil markets. The anticipated SPR release day has come, and it certainly did not disappoint. The coordinated SPR release was smaller than expected and undoubtedly will be...

With Fed Chairman Jerome Powell officially reappointed for a second term and Fed Governor Lael Brainard promoted to Vice-Chair, the chess pieces are now in place atop the FOMC. However, with inflation...

President Joe Biden is starting an oil war that he cannot win, and the causalities will be the U.S. consumers and unionized oil workers. After being rebuffed by OPEC+ Russia to raise oil protection...

Democrats are not slowing down. The social spending bill follows the infrastructure package. Will gold benefit? Or, will it get into deep water?Will the American spending spree ever end? On Monday...

It lasted a month but gold in $1,800 territory now looks increasingly vulnerable, with bears appearing set to attack the base support for the perch.It’s a dramatic reversal of sentiment by...

Metals are in sharp sell-off as the US dollar turns higher with yields following Biden's decision to renominate Jerome Powell as Federal Reserve chairman. Gold underwent a sell-off through the $1830...

While the dollar is on a tear, precious metal stocks have gotten away with it lately. But how long will their resistance last?The USD IndexAfter the USD Index’s negative response to the...

Oil is adding around 1% on Monday after posting the 4th week of back-to-back decline, during which WTI lost almost 12%, and Brent nearly 11%. Nevertheless, the US and oil-consuming countries continue...

Please release me, let it go!Oil prices are getting more pressure as there is mounting evidence that global governments might exercise a futile effort to try to manipulate global oil markets....

Early in another November week, the Brent price went down again – it is trading at $78.75 and remains below the psychologically important level of $80, thus making market players very nervous.It...

Oil prices have fallen in recent days due to concerns about dropping demand. This could be a result of mounting coronavirus infections in Europe, which has prompted governments to tighten restrictions...

Anticipation of an OPEC strike back against oil bears and intrigue over President Joseph Biden’s plans for Fed Chief Jerome Powell’s job could result in price swings in crude and gold this...