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Crude Oil and Gold Prices Surge Amid Escalating Middle East Tensions

Crude oil and gold prices surged due to escalating tensions in the Middle East and the ongoing conflict between Ukraine and Russia. While increasing demand for safe-haven assets is likely to sustain gold prices, the bullish momentum in oil markets may also persist due to concerns over undersupply. Recently, both oil and gold prices surged…

ByPexecoAugust 13, 20240Comments

Commodities

What To Watch in Oil Markets in the Second Half of the Year

KEY TAKEWAYS A decision by OPEC+ to possibly boost production sooner than expected and diverging demand forecasts could hold oil prices down in the second half of the year. The U.S. Energy Information Administration recently lowered projections for Brent crude oil prices this year. The International Energy Agency also cut its demand forecast. For consumers,…

ByPexecoJuly 6, 20240Comments

Commodities

Oil Bullish Sentiment Prevails Despite Bearish US Signals

Oil prices continued to be on the rise since last report, and the bullish sentiment for the commodity seems to remain present. In today’s report we are to have a look at the data relating to the US oil market, and continue to view the fundamentals surrounding the international oil prices. To conclude the report we…

ByPexecoJune 20, 20240Comments

Commodities

Oil Market Analysis: Are Oil Bulls Taking a Breather?

Oil prices seemed to be on the rise since last report, yet oil bulls seem also to be taking a break over the past 24 hours. Hence today in the report we are to have a look at the data relating to the US oil market, the Fed’s interest rate decision and a wider look at…

ByPexecoJune 14, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Crude Oil and Gold Prices Surge Amid Escalating Middle East Tensions

What To Watch in Oil Markets in the Second Half of the Year

Oil Bullish Sentiment Prevails Despite Bearish US Signals

Oil Market Analysis: Are Oil Bulls Taking a Breather?