Mid-Week Market Review: January 2025, Edition 3
Commodities Oil prices closed lower on Friday, reflecting growing concerns over potential disruptions in global supply, particularly following the recent sanctions imposed by the US on Russia’s energy sector. Brent crude futures slipped to $80.79 from the previous day’s $81.29, while US WTI crude also dropped to $77.39 from $77.85. On Monday, Brent opened at […]
Mid-Week Market Review: January 2025, Edition 2
Commodities Oil prices surged by nearly 3% last Friday, hitting a three-month peak, following new sanctions imposed by President Joe Biden’s administration on key elements of Russia’s energy sector. These sanctions target oil producers, tankers, traders, intermediaries, and Russian ports. Brent crude futures climbed by 3.05%, closing at $79.45 per barrel, briefly surpassing the $80 […]
Mid-Week Market Review: January 2025, Edition 1
Commodities Crude oil prices saw a notable increase today, following the release of production data from OPEC and Russia, both of which revealed declines in output for December. Another contributing factor to the rise was the U.S. employment report, which highlighted a low rate of layoffs and an increase in job openings, signaling a robust […]
Mid-Week Market Review: December 2024, Edition 3
Commodities Oil prices experienced a significant pullback on Tuesday, reaching their lowest levels in a week, driven by concerns over global demand. The downward pressure was amplified by disappointing economic data from Germany and China, two major players in the global economy. Brent crude futures dropped to $73.32 per barrel, while West Texas Intermediate (WTI) […]
Mid-Week Market Review: December 2024, Edition 2
Commodities Contrary to overall expectations, oil markets have witnessed an uptick in prices over the last week, specifically escalated in the last 2 days. (WTI inched up from $68.623 to $70.18, and Brent climbed from $72.37 to $ $73.46, both at the time of publication). Despite broad concerns about global supply outweighing demand reinforced by […]
Mid-Week Market Review: December 2024, Edition 1
Commodities Oil prices witnessed a slight decline on Friday, peaking at a weekly loss of 4.55% for WTI Crude Oil and 2.26% for Brent. This downward pressure was driven by a reduction in concerns about supply disruptions due to the Israel-Hezbollah conflict and growing expectations of increased global oil supply in 2025. These factors outweighed […]
Mid-Week Market Review: November 2024, Edition 4
Commodities Crude oil prices saw an increase on Friday, rising more than 3% compared to the previous trading session. Over the week, both Brent and WTI crude benchmarks experienced notable gains, with Brent rising by around 6.20% and WTI up by 6.30%. The surge in oil prices came in response to escalating tensions in Ukraine. […]
Mid-Week Market Review: November 2024, Edition 3
Commodities Crude oil prices saw a modest increase on Wednesday as tensions in the Ukraine conflict intensified, alongside signs of rising crude imports by China. As of 10:06 AM, Brent Crude rose 0.66%, reaching $73.794 per barrel, while West Texas Intermediate (WTI) crude increased by 0.81% to $69.802 per barrel. The escalation of the war […]
Mid-Week Market Review: November 2024, Edition 2
Commodities In the oil market, traders are keenly awaiting a series of crucial US economic indicators this week, with the October Consumer Price Index (CPI) due for release later today. Comments from Federal Reserve Chair, Jerome Powell, along with remarks from other key officials, are also expected to shape market sentiment. Oil prices remained near […]
Mid-Week Market Review: November 2024, Edition 1
Commodities Last week, oil prices saw a slight uptick on Friday due to reports indicating that Iran was preparing a retaliatory strike against Israel from Iraq. Despite this, Brent crude recorded a weekly decline of approximately 3.35%, while WTI fell by about 3.19%. The market’s focus shifted back to the U.S. presidential election and ongoing […]
