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Major institutions have cut their oil price forecasts for 2023 The end of China’s zero-COVID policy is one of the main factors that could lead to higher prices Here’s a look at some of the...
Gold prices are staging a strong end to 2022 on hopes inflation has cooled while China continues to alleviate its stringent zero-Covid restrictions. Since the beginning of November, gold prices are up...
One of the coldest Arctic events on record is unfolding across the bulk of U.S. Brutal cold could lead to extreme gas, heating oil demand, and a 2023 rally in both But with weather being weather,...
Oil prices are attempting to extend the ongoing relief rally this week after closing over 4% higher last week. On Thursday, the prices extended gains for the fourth consecutive day amid tighter...
2022 was a very volatile year for oil prices Geopolitical events forced producers and consumers to make significant changes to the flow of oil around the world Here are six lessons taught by the...
There are many reasons why precious metals have been on the rise lately Still, with rising bond yields and the potential for a dollar recovery, the risk of a correction is high I have my doubts as to...
In the past two weeks, stocks have struggled to break through resistance and extend the holiday rally. I wrote about it in the last article. Commodity prices starting to fall is a bearish sign. There...
The price of oil is not the only factor leading to lower pump prices lately Refineries have been running at nearly full capacity at a time when they usually run at lower capacities The reason is that...
After a relatively benign CPI for November and Powell's dovish remarks, $1,900 gold is within striking range Strong acceptance of the $1,842-$1,845 level could pave the way for next up-leg toward...
Oil’s comeback could be a “noisy rollercoaster ride” instead of a V-shaped rally WTI is seen targeting $77 first, with final near-term resistance at $88 Possibility still open for...
The market appears to be preparing for a recession That, along with slowing rate bets, could support gold prices going forward An upside breakout from current levels would indicate that gold's uptrend...
Inflation, rate hike-wary markets likely to hold off on oil rebound till CPI, Fed Nov CPI forecast at 7.3% annual growth vs. October's 7.7% yearly rise Fed is seen raising rates by 50 basis points...
OilOil prices have started the week with a lot of volatility. Two factors underpin the price of crude and Brent oil. Firstly, Russia has threatened to punish the West for its price cap act. Putin said...
Thursday’s $4 swing in crude prices may be the new normal in oil Worries of Europe in recession, overtightening by central banks add to jitters Price cap may be enforceable so long as crude...
The IEA says renewables will “become the largest source of global electricity generation by early 2025” However, the latest market numbers indicate otherwise Renewables are not likely to...