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OPEC+ meeting preview: Will more production stall crude’s impressive rally? Ahead of Thursday’s meeting, cracks are emerging in OPEC+’s united façade once again - what will that mean for the price of crude? Share: Markets are starting the week off on a bullish note on the back of US stimulus package hopes, with equities rising across the globe, bond yields reversing Friday’s surge, and oil prices supported near their 14-month highs. Crude oil will be particularly interesting for traders this week ahead of Thursday’s highly-an...

Copper, Crude Oil Prices Surge. Eyes on Fed Chair Jerome Powell for Next Moves 2021-02-23 06:00:00 Daniel Dubrovsky, Strategist Copper, Crude Oil, Fed Chair Jerome Powell, YCC, Commodities Briefing - Talking Points: Traders may be pricing in Fed yield curve control on medium-term rates All eyes on Jerome Powell as market sentiment improves to start Tuesday After Monday’s 1.64% gain, copper futures are one step closer to the best month since November 2016, where the red metal gained about 18.9%. At the time of writing, COMEX...

Crude oil prices drop as Texas output begins to recover after deep freeze Gold extended losses from December as it faces its lowest point since June Risk aversion may be picking up into the weekend, will momentum carry? Crude oil prices weakened over the past 24 hours after WTI spent most of this month rallying over 18 percent. Some of the temporary fundamental forces driving up energy prices seem to be fading. Power is being slowly restored in parts of Texas following extreme cold climate, opening the door to oil wells being restarted and bringing some supply back into a market that is...

Crude Oil Gains as Copper Prices Aim for 2012 High, Downside Potential Grows 2021-02-16 06:00:00 Daniel Dubrovsky, Strategist Crude Oil, Copper, Vaccination Milestones, Texas Winter Storm, Commodities Briefing - Talking Points: Crude oil rallied with stocks, Texas winter storm created supply woes Copper aiming for 2012 peak on high demand as US Dollar weakens China reportedly mulling rare earth export curbs to US defense sector WTI, copper uptrends remain, but distance to key trendlines a risk Growth-linked crude oil prices a...

Crude Oil, Gold Prices at the Mercy of Risk Trends Ahead of US GDP Data 2021-01-28 06:00:00 Daniel Dubrovsky, Strategist Crude Oil, Gold, XAU/USD, Wall Street, US GDP, Technical Analysis - Talking Points: Risk aversion may dominate trade ahead of US GDP Despite aggressive risk aversion on Wall Street, sending the S&P 500 to its worst single-day performance in about 3 months, growth-linked crude oil prices were able to get by relatively unscathed. Gold, on the other hand, fared worse compared to WTI, but not quite to the same ...