Page 4 - Commodity Strategy News Today

Recent weeks have witnessed a significant shift in the oil market, with traders adopting a bearish stance. This change in sentiment, marked by a reduction...

The excessive piling of bearish positions could prompt Saudi Arabia to roll over its extra production cut of 1 million barrels per day, or at least part of it, into 2024

* The shekel recovers ground but remains one of the weakest global currencies in 2023 * Oil prices lose all gains on Israel war fears

The momentum in commodity prices has stalled this year as inflation has cooled, but some strategists are eyeing a rebound in 2024 – which could benefit this mutual fund. We added a commodity-focused fund to the Kiplinger 25, our favorite no-load mutual funds, two years ago because of rising inflation. The TCW Enhanced Commodity Strategy (TGABX) aims to beat an index that tracks a basket of commodities, including copper and cotton, by investing in futures contracts backed by high-quality s...

0007 GMT — Gold edges higher in the early morning Asian session amid falling Treasury yields, which increase the allure of the non-interest-bearing precious…

Oil prices regained some of last week’s losses after Hamas attacked Israel over the weekend, leading Netanyahu to declare war on the group.

0059 GMT — Gold is steady in early Asian trade. However, given the market’s positioning, technical and energy-price pressures, it wouldn’t be surprising for…

U.S. crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll.

Brent crude futures breached $97 a barrel, and was trading up $2.55 to $96.51 a barrel by 11:40 a.m. ET (1540 GMT). U.S. West Texas Intermediate crude futures (WTI) climbed $3.16 to $93.54. Both benchmarks touched their highest in intraday trading for this year.

HOUSTON: Oil prices surged about 3% on Wednesday, after US crude stocks fell more than expected, adding to worries...