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Oil prices are likely to settle around $80/bbl, strategists at ANZ Bank report. Saudi Arabia may extend cuts as Oil market tightness eases Tightness in the Oil market has eased as...
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Oil markets: I dare you to cut more mode
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US crude oil prices have dropped to their lowest levels since late July. This is due to concerns about an unusually high build-up in commercial crude oil inventories. Additionally, fuel demand...
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![Russian leader Putin hints at continued OPEC+ oil cuts [Video]](https://editorial.fxstreet.com/images/Macroeconomics/Countries/Asia/RussianFederation/moscow-19576869_Large.jpg)
Russian leader Putin hints at continued OPEC+ oil cuts [Video]
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Staying with commodities, Russian Leader Vladimir Putin said today that oil output cuts are here to stay. Speaking today, Putin stated that, “I am sure that the coordination of the OPEC+...
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PMIs paint a bleak picture for manufacturing but China offers hope
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Manufacturing PMIs released throughout the day have made for pretty miserable reading and even those in China barely registered any growth after a lengthy period of contraction. The Chinese data did...
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![Big Week Ahead For Commodities With Fed, OPEC Meeting And NFP In Focus – What’s Next? [VIDEO]](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/Employment/NFP/us-currency-2848629_Large.jpg)
Big Week Ahead For Commodities With Fed, OPEC Meeting And NFP In Focus – What’s Next? [VIDEO]
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A long list of the world’s most powerful Wall Street banks have described the current economic climate as “The Golden Age of Trading”. That comes as no surprise, considering 1 in 2...
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Oil: Upside is limited to $120 in the long run – Nordea
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This week, Crude Brent Oil reached a peak of 97$/barrel before coming down to the 95$ area. Economists at Nordea analyze Oil’s outlook. A further rise to the $120 area cannot...
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WTI holding onto $90, looking to end the week on a high note
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US oil took a small hit on Friday, but is rebounding firmly to hold $90/bbl. OPEC production cuts are squeezing crude prices into the ceiling. The next hurdle for buyers will be...
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USD Index could edge towards the top of a 104.50-105.00 short-term range – ING
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The Dollar softened a little on Monday. Economists at ING analyze Greenback’s outlook. Focusing on OPEC production figures and the NFIB survey today We should expect a quiet session ahead of...
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WTI crude oil justifies OPEC+ decision, US Dollar’s retreat to refresh four-month high near $83.00
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WTI crude oil prints three-day winning streak to poke yearly high marked in April, sticks to daily gains of late. OPEC+ production cuts join price-positive statements from Saud Arabia, Russia to...
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Cautious trading prevails on first day of Q3
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A muted atmosphere prevails across stock markets this afternoon, while in commodities, oil prices have failed to hold earlier highs, says Chris Beauchamp, Chief Market Analyst at online trading platform IG....
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