Mid-Week Market Review: October 2024, Edition 2
Commodities Oil prices lost early gains on Wednesday as weak demand and rising supply offset concerns over potential disruptions from Middle East conflicts and Hurricane Milton in the U.S. In the early hours of today, Brent crude futures was seen to have dropped by 0.47% to $76.82 per barrel, while U.S. West Texas Intermediate (WTI) […]
Mid-Week Market Review: October 2024, Edition 1
Commodities On Friday, oil prices closed on a positive note, although they recorded a weekly decrease. We saw the Brent crude benchmark fall by about 3% over the week, while WTI crude had a steeper drop of around 5%. In the U.S., some Gulf of Mexico operators have restarted operations after Hurricane Helene struck Florida […]
Mid-Week Market Review: Alternative Assets and Commodities. Vol. 114.2
Commodities Last Friday, although oil prices dipped slightly, their performance marked a second consecutive week of gains. This upward trend is somewhat constrained by the sluggish state of China’s economy. Despite the recent downturn, both major benchmarks – Brent and WTI Crude Oil – saw a rise of over 4% in the week, a notable […]
Mid-Week Market Review: Alternative Assets and Commodities
Commodities Yesterday, oil prices surged by $1 per barrel. Several considerations have been credited to this recent development, some of them including the ongoing interruptions with the supply of oil and market expectations of increased demand if the Federal Reserve lowers its benchmark interest rates at the end of the meeting today. Following Hurricane Francine […]
Crypto and Oil Markets
Commodities: Oil prices dropped on Friday, resulting in a weekly loss, largely due to disappointing U.S. jobs data for August. This suppressed the support that prices had gained earlier from OPEC+ producers delaying their planned supply increases. On Thursday, Brent crude fell to its lowest level since June 2023, despite a reduction in U.S. oil […]
Crypto and Oil Markets
Commodities Oil prices were down on Friday as investors considered an expected rise in OPEC+ supply starting in October and a more modest US interest rate cut in September, following data showing strong consumer spending. This came despite oilfield closures in Libya. On the same day, Libya’s National Oil Corporation said that recent oilfield closures […]
Crypto and Oil Markets
Commodities Oil prices experienced a decline of over 1.5% on Wednesday for both Brent crude and WTI, supposedly driven by ongoing concerns about weakening demand in China and the heightened risk of a broader economic slowdown. Nevertheless, potential supply disruptions from the Middle East and Libya helped limit the extent of the price drop. As […]
Crypto and Oil Markets
Commodities Oil prices declined to a two-week low on Tuesday, primarily due to the easing of concerns over potential supply disruptions in the Middle East. At the time of writing this report, the WTI Crude Oil has fallen to as low as $72.19 while Brent Oil was trading at $76.41. This followed Israel’s acceptance of […]
Crypto and Oil Markets
Commodities Last week, oil prices closed on a positive note, with significant gains reported on Friday. Brent crude surged by over 3.5% throughout the week, while WTI crude saw an increase exceeding 4%. At the time of writing this report, Brent has traded as high as $82.40, while WTI crude traded as high as $80.14 […]
Crypto and Oil Markets
Alternative Assets On Sunday, the cryptocurrency market was hit by a dramatic downturn as investors intensified their exits from high-risk assets. The sharp selloff caused a substantial decline in the overall value of cryptocurrencies, leading the market to shed approximately $270 billion, according to data from CoinGecko. The downturn was led by a notable 13% […]
