Oil

Venezuela returning to the oil market was something of a 'sell the fact' trade. It's been rumored for weeks and, if anything, there's some disappointment because the sanctions relief is only scheduled or 6 months. The downside is that…

OIL PRICE FORECAST:Oil Struggled in the European Session as Market Participants Weighed the Prospects of the US-Venezuela Deal.OPEC Remains Silent Following Iran's Calls for an Oil Embargo.IG Client Sentiment Shows Traders are 68% Net Long…

© Reuters. FILE PHOTO: Venezuela's President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi at the Miraflores Palace, in Caracas, Venezuela June 12, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo By…

Crude Oil, WTI, Brent, US Dollar, USD/CHF, EUR/CHF, S&P NZX 20, Gold - Talking PointsCrude oil is on the march higher as uncertainty grows in the Middle EastHaven assets have been buoyed by the precarious situation, notably the CHFIf…

I posted analysis from TD here earlier:Adding some more remarks, including forecasts for WTI:current positioning analytics suggest that substantial buying activity could take place north of $90.50/bbl in Brent, supporting continued strength…

Recommended by Daniel Dubrovsky Get Your Free Gold Forecast It was a volatile week for certain corners of financial markets over the past few trading sessions. All eyes were on gold and crude oil prices.…

SlavkoSereda/iStock via Getty Images Energy stocks enjoyed their best week since June, with the S&P 500 Energy Index +4.5%, as oil prices surged ahead of Israel's imminent advance into Gaza that could cause violence to spill over…

Yesterday, we got an enormous US crude oil supply build, erasing five weeks of draws. It was coupled with data showing US oil production at the highest ever.Yet today we have oil up $4.69 to $87.56 and above the post-Hamas attack peak.I…

Markets:Gold up $60 to $1928Oil up $4.74 to $87.65US 10-year yields down 7.9 bps to 4.62%S&P 500 down 0.6%CHF leads, NZD lagsThis isn't the kind of price action anyone wants to see while bombs are flying in the Middle East. The strength…

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping Russian oil that exceeded the established price cap.  In a recent…