TAG: Price of oil
Beat the street: NFP points to still-tight US jobs market; Johnson & Johnson – Shockwave; oil prices rise
Brent and WTI hits their highest levels since October. We find out what the next technical levels are for oil with IG’s Shaun Murison. (AI Video Summary) Today's trading overview In this latest episode of "Beat the street", the focus was on the unexpecte...
6 months ago
Oil prices up and gold hits record as traders weigh geopolitical risks
Rising geopolitical uncertainties, especially following the recent Israeli attack on an Iranian embassy in Syria on 1 April, has lifted demand for the precious metal. Gold also received a significant boost from major central banks such as the US Federal R...
6 months ago
Asia Day Ahead: Risk sentiments look to recover, while rally in oil prices cools
Asia Open The Asian session looks set for a positive start to the new week, with Nikkei +1.33%, ASX +0.26% and KOSPI +0.14% at the time of writing. This comes as Wall Street took the robust US March job report in stride to end last week, choosing to focus...
6 months ago
Oil prices ease on Middle East ceasefire talks
Crude prices gained around 4% last week on escalating geopolitical tensions, but looking at geopolitics is just one part of the picture. IGTV's Angeline Ong explains how supply, demand and OPEC affect the direction of oil prices. (AI Video Summary) A...
6 months ago
Beat the street: will this week's CPI and PPI print derail interest-rate cuts?
Oil prices fall more than 1% as Middle east tensions ease, while gold prices continue to trade near record highs. (AI Video Summary) Today's market overview In a comprehensive market update ahead of Wall Street's opening, the discussion on today's edi...
6 months ago
Beat the street: Goldman Sachs profit beat; hotter-than-expected US retail sales; Middle East tensions
(AI Video Summary) Impacts of Middle Eastern tension on trading In today's edition of "Beat the street", Angeline Ong highlights calm investor sentiments despite Iran-Israel tensions, with focus on Goldman Sachs' 28% profit surge in Q1, driven by underwri...
6 months ago
VIX hits 6-month high, indices tumble on IG's 24-hour market, oil jumps after Israeli attack on Iran
Indices According to two US officials, an Israeli missile hit Iran overnight, sending oil prices up and indices down on the IG-hour market. The volatility index set a fresh six-month high. Japanese CPI In Japan, headline consumer price index (CPI) fell to...
5 months ago
Gold price and silver price rise and Brent crude price surges on geopolitical news
Gold price targets new highs The spot gold price continues to rally, and with both daily stochastics and moving average convergence/divergence (MACD) providing bullish crossovers the bullish view has received fresh support. Further gains target the...
2 months ago
Oil prices surge amid Middle East tensions and record US demand
Geopolitical risks drive market uncertainty Oil prices are surging as tensions in the Middle East escalate and US oil demand reaches new heights. The recent assassination of Hamas's political leader Ismail Haniyeh in Iran by Israeli forces has sparke...
2 months ago
Silver, natural gas prices rise while Brent crude oil price remains under pressure
Silver price stays bid The price of spot silver continues to be side-lined but is considered to be bid while Wednesday’s low at $27.18 per troy ounce underpins. For the bulls to be back in control a rise and daily chart close above this week’s high a...
2 months ago
Gold price trades around $2,500 mark while silver price rises and oil price falls
Gold price trades near all-time high The price of spot gold rose to a new record high at around $2,509 per troy ounce on Friday, helped by the fact that demand for the precious metal jumped to near the highest level in 14 years in July. Short-term the...
1 month ago
Gold price trades close to record high, silver stays bid while oil price drops further
Gold price remains close to record high The spot gold price stays close to Tuesday's $2,531.00 per troy ounce record high while being supported by the psychological $2,500.00 level and the tentative August trend line at $2,481.00. Further, more signi...
1 month ago
Brent crude oil price stabilizes as gold price nears record high and natural gas prices drop
Brent crude oil prices stabilizes around early August low Brent crude oil futures ended this week’s downward trajectory of four consecutive trading days at 75.24, marginally above its early August low at 74.97. The June low at 76.74 has so far been o...
1 month ago
Oil price drop on demand concerns despite ongoing geopolitical tensions
Oil price declines on demand worries despite ongoing geopolitical tensions Crude oil prices were set for yet another weekly loss as demand concerns continued to pressure traders, offsetting lingering supply worries stemming from geopolitics. Both Bren...
1 month ago