www.expertcommodity.com
www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554)
Posts
Oil Prices Slip Amidst U.S. Stock Build
www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) Oil prices edged down on Thursday morning in Asia, as U.S. crude inventories surged for the sixth straight week. OPEC also boosted oil production in October to its highest level since 2016. Crude Oil WTI Futures for December delivery fell 0.31% to $65.12 per barrel at 10:45PM ET (02:45 GMT) on the New York Mercantile Exchange, while London’s Intercontinental Exchange showed that Brent Oil Futures for January 2019 delivery also dropped 0.29% to $74.82 a barrel. The two oils had the worst monthly performance since July 2016 in the previous session, with Brent falling by 8.8% and Crude tumbling 10.9%. U.S. Energy Information Administration data showed that crude stocks rose for the sixth straight week, reaching 1.08 million barrels per day (bpd) in the week to Oct. 26. (Source) U.S. crude production stood at 11.3 million barrels per day in August, up 3.8% compared to July, and had surged 22.7%
Oil rises one percent ahead of U.S. sanctions on Iran
www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) Oil prices rose more than 1 percent on Wednesday as markets braced for the imposition of U.S. sanctions on Iran next week and as stock markets clawed back some of their recent losses. Benchmark Brent crude oil ( LCOc1 ) was up 80 cents at $76.71 a barrel by 0840 GMT. The contract fell 1.8 percent on Tuesday, at one point touching its lowest since Aug. 24 at $75.09. U.S. light crude ( CLc1 ) was up 60 cents at $66.78. It hit a two-month low of $65.33 a barrel on Tuesday. New U.S. sanctions on Iran begin on Nov. 4 and Washington has made it clear to Tehran's customers that it expects them to stop buying any Iranian crude oil from that date. Imports of Iranian crude by major buyers in Asia hit a 32-month low in September, as China, South Korea and Japan sharply cut their purchases ahead of the sanctions on Tehran, government and ship-tracking data showed. Oil market sentiment also received so
Oil prices climb for first time in three days, but trade war fears drag
www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market. Brent crude futures had gained 52 cents, or 0.7 percent, to $76.43 a barrel by 0310 GMT. They fell 1.8 percent on Tuesday, at one point touching their lowest since Aug. 24 at$75.09 a barrel. U.S. West Texas Intermediate (WTI) crude futures advanced 29 cents, or 0.4 percent, to $66.47 a barrel on Wednesday. They dropped 1.3 percent the day before, after hitting their weakest since Aug. 17 at $65.33 a barrel. Both crude benchmarks have fallen about $10 a barrel from four-year highs reached in the first week of October, and are on track to post their worst monthly performance since July 2016. Oil has been caught in the global financial market slump this month, with equities under pressure from the trade scrap between th
Next-wave LNG race hits hurdles in U.S.-China trade war
© Reuters. Next-wave LNG race hits hurdles in U.S.-China trade war www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds. The United States is positioning itself as the dominant provider of the supercooled fuel as Asian nations shift away from dirtier power sources like coal, and this month's approval of a giant Canadian project led by Royal Dutch Shell (LON: RDSa ) bolstered enthusiasm for the sector overall in North America. That optimism took a hit on Monday, when Australia's LNG Ltd delayed until next year a planned decision on whether to build its Louisiana-based Magnolia LNG plant due to problems lining up Chinese customers. And it comes when bankers and analysts in the sector had already questioned whether t
Oil prices slip on rising supply, trade tensions
© Reuters. FILE PHOTO - An employee holds a gas pump to refill a car at a petrol station in central Seoul www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) Oil prices slipped on Tuesday, depressed by concerns that the U.S.-China trade dispute will dent economic growth and by signs of rising global supply despite upcoming sanctions against Iran. Benchmark Brent crude oil was down 15 cents a barrel at $77.19 by 0835 GMT. U.S. light crude was unchanged at $67.04. Both contracts have recovered ground over the last week but are around $10 a barrel below four-year highs reached in the first week of October. Oil has been caught in the global financial market slump this month, with equities under pressure from the trade war between the world's two largest economies. Financial markets found some support on Tuesday from reports that U.S. President Donald Trump thinks "a great deal" with China is possible on trade.
U.S. government official says country to become key source of global energy supplies
© Reuters. U.S. government official says country to become key source of global energy supplies www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) The United States will become a key source of energy supplies to meet growing demand globally, with innovation in technology and financing set to boost U.S. oil and gas production in the next decade, the country's top energy diplomat said. "In the next 5-10 years, we expect to see improved recovery rates and even a doubling in some of our most prolific (gas) basins," said Frank Fannon, assistant secretary in the energy bureau of the U.S. state department. "What this means in the near-term is that the United States may double production, double export capacity and introduce new market innovation," he said at an industry conference in Singapore.
Gold Prices Inch Up as Trade War Fears Spark Safe-Haven Demand
© Reuters. Gold prices inched up on Tuesday www.expertcommodity.com call or whatsapp on-(9627214242) & (9759995554) Gold prices inched up on Tuesday as mounting fears over the prospect of a trade war between the U.S. and China stoked demand for the precious metal. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange inched up 0.1% at $1,229.3 a troy ounce by 12:30 AM ET (04:30 GMT). Citing unnamed sources, Bloomberg reported on Monday that the United States is considering imposing tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Chinese leader Xi Jinping do not go well. The new round of tariffs targets the rest of the imports from China, about $257 billion worth, according to Bloomberg. The U.S. stock market closed lower following the report, with the Dow Jones Industrial Average fell more than 200 points, erasing a 350-point gain earlier in the session; th
LIVE PREICE UPDATES :
LIVE PREICE UPDATES : Gold - 31960 Silver - 38775 Crude Oil - 5074 Copper -449 Lead - 145.40 Zinc - 198.70 NaturalGas - 232.70 Aluminium - 148.25 www.Expertcommodity.com 9627214242 (Mr. Abhishek) 9759717061 (Miss Ankita)
GOLD NEWS UPDATES BY EXPERTCOMMODITY
GOLD NEWS UPDATES BY EXPERTCOMMODITY Seeking gain from Gold Gold makes sense again. US 10 year treasuries yields are rising and the Equity markets are falling with price falling further in the US last night in the S&P... www.Expertcommodity.com 9627214242 (Mr. Abhishek) 9759717061 (Miss Ankita)
Bank FD vs Sensex vs gold vs money market MF: How much you would have earned
Building a portfolio is a complex exercise, and it has to be maintained too. A person’s portfolio holds different types of assets based on her financial goals , and each asset class gives different types of returns, which is why a portfolio must have an ideal mix of financial products. One must also keep in mind the volatility risk of the asset class, liquidity , lock-in rules and taxation. Here’s a look at how four commonly used asset types— equity, cash, gold and fixed income —have done in different periods. www.expertcommodity.com 9759717061(Ankita Sharma) 9759995554 (Sumit Verma)
Brent oil hits four-year high ahead of Iran sanctions, but demand may stutter
Brent crude oil prices rose to their highest since November 2014 on Monday ahead of U.S. sanctions against Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), that kick in next month. Benchmark Brent crude oil futures ( LCOc1 ) rose to as much as $83.32 a barrel on Wednesday and were at $83.09 at 0335 GMT, still 36 cents, or 0.4 percent above their last close. U.S. West Texas Intermediate (WTI) crude futures ( CLc1 ) were up 19 cents, or 0.3 percent, at $73.44 a barrel. www.expertcommodity.com 9759995554 9759717061 WTI prices were supported by a report on Friday of a stagnant rig count in the United States, which points to a slowdown in U.S. crude production , which now rivals top producers Russia and Saudi Arabia. Brent was pushed up by looming sanctions against Iran, which will start targeting its oil sector from Nov. 4. ANZ bank said on Monday that "the market is eyeing oil prices at $100 per barrel". In a sign