Commodities News

WTI Crude Oil Futures fall after supply cut-supported rally

Futures on US West Texas Intermediate Crude Oil retreated on Monday following a sustained rally, as Saudi Arabia and Russia announced supply cuts extension through September. WTI Futures have already registered six consecutive weeks of gains, mostly due to supply tightening. Last week, top producer Saudi Arabia extended its voluntary oil production cut of 1 […] Read more

WTI Crude off 3-month high as US credit rating cut outweighs tight supply

Key points WTI Crude Futures pull back from April highs US crude stockpiles drop the most on record last week – EIA US credit rating downgrade weighs on risk sentiment Futures on US West Texas Intermediate Crude Oil extended a pullback from over three-month peak on Thursday, after a US government credit downgrade cooled investor […] Read more

WTI Crude Oil Futures rise after big US inventory drop

Key points WTI Crude Futures surge 0.7%, hold near April highs US crude stockpiles drop the most since 2012 last week – API Futures on US West Texas Intermediate Crude Oil surged on Wednesday, while trading near levels last seen in April, after a sharp drop in US crude oil stocks indicated robust fuel demand. […] Read more

WTI Crude Oil Futures ease after sizable July rally

Futures on US West Texas Intermediate Crude Oil eased on Tuesday due to possible profit-taking, following a strong performance in July mostly driven by supply tightening. WTI Crude Futures settled at $81.80 per barrel on Monday, the commodity’s highest since April 14th. Futures gained as much as 15.8% last month, or the most since January […] Read more

WTI Crude Oil Futures head for 5th straight week of advance

Futures on US West Texas Intermediate Crude Oil looked set to register their fifth consecutive week of advance, as investors remained optimistic about both demand and supply prospects. WTI Crude Oil Futures have surged almost 13% so far this month, mostly underpinned by output cuts announced by top producers Saudi Arabia and Russia. Meanwhile, expectations […] Read more

WTI Crude Oil comes off 3-month high ahead of FOMC meeting outcome

Key points WTI Crude Futures slip from recent three-month high FOMC decision eyed with focus on future rate outlook US crude stockpiles surge last week – API Futures on US West Texas Intermediate Crude Oil came off recent three-month high, retreating almost 1% on Wednesday, amid caution ahead of the Federal Reserve’s policy decision later […] Read more

WTI Crude Oil extends last week’s gains on tight supply, rate hikes eyed

Key points China stimulus prospects reinforce oil demand prospects Central bank decisions eyed with focus on rate outlook WTI Crude Oil futures extend a gain from the prior week Futures on US West Texas Intermediate Crude Oil extended last week’s gains on Monday, reflecting tightening conditions as OPEC+ output cuts impact the market. Prospects of […] Read more

Spot Silver heads for weekly loss as US Dollar and Treasury yields rise

Key points Spot Silver extends losses, pulling back from 10-week high US Dollar and Treasury yields surge after jobless claims data bolster hawkish Fed bets Silver looks at 0.8% weekly loss Spot Silver extended losses on Friday and was on course for its first weekly decline in four weeks, as the US Dollar strengthened and […] Read more

WTI Crude Oil gains a second day on favorable demand and supply factors

Key points China growth support pledge reinforces oil demand prospects Macro data add to expectations Fed may be nearing end of tightening cycle US crude oil stocks decrease last week – API Futures on US West Texas Intermediate Crude Oil gained for a second straight day on Wednesday, supported by expectations that the Fed is […] Read more

WTI Crude Oil extends losses as weaker China GDP fuels demand concerns

Key points WTI Crude extends losses from last Friday Weaker-than-expected Chinese GDP fuels demand worries amid sluggish recovery Output resumption at two key Libyan oilfields adds to pressure Futures on US West Texas Intermediate Crude Oil retreated for a second straight day on Monday, after disappointing Chinese economic growth data raised concerns about demand in […] Read more