Saudi Arabia is considering reducing oil output and exports

The plan of the Kingdom is to reduce the supply of “black gold” by about 0.5 million barrels per day, starting in December. OPEC faces difficulties convincing its partners for a coordinated reduction in yield. Until now, Saudi Arabia has responded to demand with adequate supply levels, especially since exports to Iran continued even after […]

Oil rises to $ 80, Saudi Arabia plans to increase supply

Oil prices rose to $ 80 a barrel as tensions over diplomatic relations between Saudi Arabia and the West have risen. Saudi Arabian Energy Minister Khalid al-Falih told the Russian news agency TASS that they had never intended to repeat the 1973 embargo, but instead intended to increase the yield to compensate for the lack […]

Oil rise after weaker preliminary data on US crude oil inventories

Oil futures continue to rise, reflecting a positive positive sentiment. The US Petroleum Institute (API) has announced that US oil reserves will drop by approximately US $ 5.2m. barrels instead of the estimated 3.15m. If the decline is confirmed by official government figures on Wednesday, it will have a strong positive impact on oil prices […]

Natural gas price spiked almost 5% amid fear of bad winter in US

U.S. natural gas prices rebounded Monday in the latest twist on the winter weather train. Futures on the New York Mercantile Exchange are up as much as 4.7 percent in intra-day trading that’s eight times the normal volume after Commodity Weather Group said it sees the possibility of “very intense cold” in the U.S. starting Dec. 8. That […]

Bright future ahead of OIL’s price

United Arab Emirates Minister for Energy Suhail al-Mazroui said Monday that he expected OPEC and non-OPEC countries to extend global supply cuts at a closely-watched meeting at the end of the month. “My prediction is OPEC will continue to do what it takes to rebalance the market.” he said. OPEC members are reportedly forming a […]

Crude Oil Remains Bullish…But For How Long?

Key Points: Brent tops $60.00 a barrel. Saudi Oil Minister suggests production cuts to be extended. Shale oil production likely to be stood up in the coming weeks. The past few weeks have seen crude oil prices surging as plenty of rhetoric, along with some fundamental bumps, have buoyed the commodity. Subsequently, both WTI and […]

Soybean in 11-day rally

While spring-wheat has been the hottest agricultural market in recent weeks, soybeans are catching up. Soybean prices for November delivery rose for 11 straight sessions through Tuesday, the longest rally for the most-active futures contract in 37 years. Hedge funds had held a record net-short position in the oilseed last month but are now less […]

Oil went into a bear market

 August futures were little changed in New York after front-month prices closed Tuesday more than 20 percent below their February peak. Libya, exempt from the OPEC-led output cuts, is pumping the most in four years while oil stored on tankers reached a 2017 high this month. U.S. crude inventories dropped by 2.72 million barrels last […]

Bill Strazzullo: Crude oil could hit $90

Crude saw its worst day in 2 months this week, plunging more than 4 percent alone on Thursday. The commodity also dipped below $46 a barrel for the first time since November 30 of last year, and is down more than 15 percent. Bill Strazzullo, chief market strategist at Bell Curve Trading — who correctly […]

Possibility of short positions COFFEE

Date: 26/01/2017 Tool: COFFEE Time Frame: D1 Long-term trend is bearish. The price is horizontal resistance and 50% Fibonacci retracement of the last downward impulse that breaks the diagonal short-term uptrend. indicators: 50SMA is still above the 200SMA – does not give a clear signal of a new trend. RSI (14) – reached the level […]