Commodities Analysis & Opinion

Oil consolidates as consumption fears persistFriday saw a partial unwinding of Thursday’s price rout, with both Brent crude and WTI finishing higher. Brent crude rose 2.60% to USD64.50 a barrel,...

The crude oil market is capable of going from a state of oversupply to one of not enough supply in relatively short time. OPEC and Russia’s decisions and the fact that in a normal year the world...

The Dollar Index is currently holding above 92.00 and is likely to keep precious metals prices under pressure. Silver is currently trading near 25.55 which is nearly 3% lower from Friday...

Natural Gas prices are currently trading near $2.502, which is marginally lower from Friday's closing. Improved weather forecast is likely to keep NG prices under prices as it will reduce heating...

Gold is expected to get above the $1,750 target it missed last week in its aim to return to the $1,800 berth, as Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen testify...

A rather special one, this edition of The Gold Update, for in addition to our usual unrivaled read on the price of Gold, at the foot we review a "must read" new book. But first, Gold indeed is on the...

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday March...

Despite the lowest withdrawal levels, a strong reversal from the day's low on Mar. 18; looks evident enough for continuity of one more steep move on Mar. 19, 2021. I find that only a gap-up opening of...

Brent crude oil fell sharply on Thursday, initially breaking below the 67.00 zone and completing a failure swing top pattern, and then, below the upside support line drawn from the low of Nov. 2. The...

Oil bears think a barrel of US crude will hit the low $50 levels next, and UK Brent under $60, to extend this week’s selloff.I think instead that oil’s one-way trade over the past...

If the fundamental outlook for oil prices has you confused, you’re in good company. We're confused too.Recently, Saudi Arabia assumed a zero-risk strategy regarding output. The Kingdom has...

Commodity ComebackRecency bias is a funny thing. It’s human nature to expect the near future to look like the recent past. But we all know that’s not how things always play out. And that...

Oil markets easeOil bucked the post-Fed buy everything trend overnight, with high levels of speculative long positioning, a modest rise in US crude inventories, and persistent third-wave European...

It’s important to consider now how potential inflation in the United States could impact the price of oil. It's been one year since the United States began lockdowns in response to the...