commodities

Crude Oil futures for June delivery settled yesterday at $48.43 a barrel, with current price action seeing a follow through of the declines from yesterday. The weekly crude oil inventory report showed a surprise 1.3 million barrel buildup…
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WTI Crude oil extended gains for a second day as a surprise drawdown in inventory sends Oil higher, closing at $46.35 on Wednesday, 11th May 2016. A surprise drawdown in the weekly US crude oil inventory report released by the EIA…
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WTI Crude oil(অপরিশোধিত তেল)শক্তিশালী সমাবেশের পরে retracement এর ইশারা করছে এবং ৫ মাসের মধ্যে তেলের মূল্য উচ্চ পর্যায় দেখা যেতে পারে বলে ধারনা করা হচ্ছে। Retracement ব্যাপারে প্রশ্ন উঠতে পারে অথবা আগামিতে নিম্নমুখী থেকে নতুন করে শুরু হতে…
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It was a quiet trading day but the trends persisted with Gold touching January 2015 highs of $1300 while EURUSD was short a few pips at 1.150. Yen remained stronger on the day. Today’s Economic events Australia AIG manufacturing…
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As market opened early Wednesday this week, a quiet surprise sprung off the markets when China, the world's top gold consumer, launched a yuan-denominated gold benchmark. What does this mean? To put it simply, this means China’s…
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UK jobs report highlights slowing pace. Japan's exports fall as analysts question what the BoJ might do next week. Oil prices retreat as Kuwait oil workers call off strike and Russia talks of boosting production. Today’s Economic events…
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Oil rallies ahead of the weekend OPEC/non-OPEC meeting in Doha to agree on the oil production freeze Summary: Oil’s strong rally clearly shows the Doha talks being priced in, with expectations that the deal will come through,…
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US Weekly Crude Oil Inventories post a surprise drawdown as inventories fell 4.90 million in the week ending April 1st, 2016 Summary: Crude Oil extends strong gains on a surprise inventory drawdown April 17th marks the meeting…
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US Crude Oil inventories rise at a slower pace of 2.29 million barrels for the week ending March 25th, 2016 Summary: After rallying to a 4-month high, WTI Crude Oil prices retreat steadily Saudi Arabia – Kuwait talk on re-opening…
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US Inventories continue to build up, but demand for gasoline see’s a big jump. WTI Crude Oil prices fell -3.6% yesterday after posting a solid five consecutive weeks of gains which saw prices trade near a 15-week high at $42 a barrel.…
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