Dollar is seen as obstacle for oil rally

The Fed may be threatening the rally in crude prices. Brent crude has surged 40 percent from this year’s trough in June as OPEC and its allies continue efforts to clear a global glut. “A near term headwind for the market is the Fed who looks likely to continue increasing interest rates,” Sucden Financial Ltd. […]

Japan oil burning is coming to an end

Electricity generated from solar and other renewable sources is surging in Japan after the government introduced an incentive program in 2012 topromote cleaner energy, according to Bloomberg New Energy Finance. Japan, one of the world’s biggest consumers of crude in the power sector, will continue to reduce its dependence on oil, says Fitch Group’s BMI Research. […]

Hedge funds are raising their long bets on gold

Turmoil in Washington is making investors seek safety. Hedge funds and other large speculators increased their net-long position in gold to the most in 10 months, with bullion surging past $1,300 an ounce Friday. “We expect net positioning to continue growing in the precious metals complex amid a dovish tone expressed in the Fed minutes, continued turmoil […]