Thu, Jan 25, 2024
Commodity Capsule: Brent crude is hovering close to one-month high past $80 a barrel. For the week, Brent crude prices are up 2.5 per cent.
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Tue, Jan 23, 2024
Commodity Capsule: In the Middle East, US and British forces have carried out a fresh round of strikes targeting a Houthi underground storage site, and missile and surveillance capabilities used by the Houthi group.
Fri, Jan 19, 2024
Commodity Capsule: Geopolitical tensions and disruptions in US oil production from a cold blast were countered by concerns over slow demand growth in China and ample supply forecasts.
Thu, Jan 18, 2024
Commodity Capsule: The dollar held close to a five-week peak after data overnight showed U.S. retail sales increased more than expected in December.
Wed, Jan 17, 2024
Commodity Capsule: China's economy in the fourth quarter expanded by 5.2 per cent year-on-year (YoY), which missed analyst expectations and calls into question forecasts that Chinese demand will propel stronger global oil growth in 2024.
Tue, Jan 16, 2024
Commodity Capsule: Extremely cold weather in the U.S. that could curb oil production and also affect major refinery operations was in focus as well.
Mon, Jan 15, 2024
Commodity Capsule: Strikes by US and British forces to stop the Houthi militia in Yemen from attacking ships in the Red Sea are supporting crude oil prices.
Fri, Jan 12, 2024
Commodity Capsule: US President Joe Biden said "targeted strikes" were a clear message that the United States and its partners will not tolerate attacks on its personnel or "allow hostile actors to imperil freedom of navigation".
Wed, Jan 10, 2024
Commodity Capsule: Prices then rebounded amid some hopes that oil markets would tighten due to disruptions in Middle Eastern supply, as the Israel-Hamas war raged on and as Libya suspended output at its biggest oilfield.
Tue, Jan 09, 2024
Commodity Capsule: The Israeli military has said its fight against Hamas will rage through 2024, worrying markets that the conflict could grow into a regional crisis that could disrupt Middle Eastern oil supplies.
Wed, Jan 03, 2024
Commodity Capsule: The market fell in the previous session as market optimism about aggressive U.S. interest rate cuts ebbed ahead of the release of Federal Reserve minutes and jobs data.
Thu, Dec 28, 2023
Commodity Capsule: Aluminium on the London Metal Exchange gained 2 per cent to $2,400/metric ton, touching its highest since mid-April.
Wed, Dec 27, 2023
Commodity Capsule: Brent crude futures are hovering $81 a barrel mark near a month high, while WTI crude oil is trading past $75 a barrel.
Fri, Dec 22, 2023
Commodity Capsule: Copper on the London Metal Exchange is holding past $8,600/metric ton; Hovering at three-week highs and headed for weekly gain for 2nd straight week.
Wed, Dec 20, 2023
Commodity Capsule: Washington on Tuesday launched a task force to safeguard Red Sea commerce as attacks by Iran-backed Yemeni militants forced major shipping companies to reroute, stoking fears of sustained disruptions to global trade.
Tue, Dec 19, 2023
Commodity Capsule: Brent crude futures rose past $78 a barrel. U.S. West Texas Intermediate crude futures hovered under $73/bbl.c
Mon, Dec 18, 2023
Commodity Capsule: Investors looked forward to U.S. inflation data due later this week for more clarity on the Federal Reserve's interest rate path after a dovish pivot last week.
Mon, Dec 11, 2023
Commodity Capsule: International Spot prices fell below $2,000 an ounce first time since November 24, marking a sharp reversal from record highs hit last week.
Fri, Dec 08, 2023
Commodity Capsule: Prices recovered ground on Friday after Saudi Arabia and Russia called for more OPEC+ members to join output cuts.
Thu, Dec 07, 2023
Commodity Capsule: WTI crude futures recovered after slipping under $70 a barrel in the previous session for, the first time since last June.
Wed, Dec 06, 2023
Commodity Capsule: Brent crude futures are moving around $77 a barrel, the weakest level since mid-November. U.S. WTI crude futures are trading around $72 a barrel.
Tue, Dec 05, 2023
Commodity Capsule: Comments by Saudi Arabia's energy minister that OPEC+ production cuts could continue past the first quarter of 2024 if needed lent some support to the market.
Mon, Dec 04, 2023
Commodity Capsule: Persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth weigh on oil prices.
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