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Oil Market Tightening Puts a Firm Floor Beneath Oil Prices
commoditytrademantra.com - 8/17/2017 6:15:00 PM
global head of commodities research at Standard Chartered, told the FT, although he added that “there is still resistance. The market is not willing to push oil prices too far up.” Indeed, there is little prospect of oil prices moving much beyond $50 ...
Global Food Commodity Prices Continued to Climb in July
Food Product Design - 8/17/2017 11:22:00 PM
Higher cereal, sugar and dairy quotations drove global food prices up for the third consecutive month, according to the latest data from the UN’s Food Agriculture Organization (FAO). The Food Price Index averaged 179.1 points in July, its highest value ...
Oil prices end higher after three-session streak of declines
Market Watch - 8/17/2017 7:16:00 AM
Oil prices finished in the green on Thursday ... On average, analysts were looking for a build of 47 billion cubic feet, according to commodity brokerage firm iiTRADER. The data, however, included revisions to figures for previous weeks tied to a ...
GOLD FUTURES PRICE HIGHER MIDDAY Thursday August 17
investorsbuz.com - 8/17/2017 7:36:00 PM
Gold prices are posting good gains in early U.S. trading Thursday ... He referred to the president as “a golden swan to precious metal and commodity investors who love uncertainty and volatility.” If gold breaks through $1,300 an ounce, he expects ...
Oil Closes Near $47 as Traders Assess U.S. Stockpiles, Output
Bloomberg - 8/17/2017 7:45:00 PM
Prices fell 77 cents to close at $46.78 Wednesday ... Michael Wittner, the head of commodities research at Societe Generale SA in New York, said in a note. Hedge funds have been more bullish on Brent than on WTI. While U.S. crude stockpiles slid by ...
Forex - USD/CAD falls on U.S. data, higher oil prices
investing.com - 8/16/2017 2:34:00 PM
Investing.com - The U.S. dollar fell against its Canadian counterpart on Wednesday, weighed by the release of downbeat U.S. housing sector data, while higher oil prices lent support to the commodity-related Canadian currency. USD/CAD hit 1.2714 during ...
Oil prices move up on good data, but ceiling may be approaching
United Press International - 8/16/2017 4:00:00 AM
Ole Hanson, the head of commodity strategy at Saxo Bank, said in an emailed newsletter crude oil prices have lost ground since June and the possibility that crude oil prices move much higher than $50 per barrel is unlikely because OPEC is struggling to ...
Global commodity price slump sends ripples around the world
FORTUNE - 10/3/2015 2:30:25 PM
TARKWA, Ghana, Oct 2 (Reuters) - In the boom times when the price of gold was soaring, Ebenezer Sam-Onuawonto had a dream job and a dollar salary many times the national average in this mining town in southwestern Ghana. When the price fell, he lost his ...
Industrial Commodity Prices to Rise in 2017: World Bank
The World Bank - 4/26/2017 12:00:00 AM
WASHINGTON, April 26, 2017— The World Bank is forecasting higher prices for industrial commodities, principally energy and metals, in 2017 and next year. The World Bank in its April Commodity Markets Outlook is holding steady its crude oil price forecast ...
Commodity Prices: The Cycle Turns?
The Diplomat - 3/28/2016 10:13:19 AM
On March 24, U.S. oil futures settled at around $39 a barrel, up nearly 50 percent on January’s 12-year low of below $27. Meanwhile, the benchmark copper price on the London Metal Exchange closed at $4,945 a ton, up 15 percent from its six-year low in ...
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