Market Pulse - Commodities
Buhari takes office as President of Nigeria
Muhammadu Buhari was sworn in as Nigeria's new president on Friday, having ousted Goodluck Jonathan in the country's elections back in March.
Canadian GDP shrinks unexpectedly in the first quarter of 2015
Canada’s gross domestic product shrank unexpectedly at the start of the year on the back of a sharp drop in business investment.
Commodities: Oil strengthens on US inventory data, gold and base metals hold levels
Oil benchmarks regained some ground in Europe on Friday, after US stockpile data published overnight pointed to a decline above market expectations.
Commodities: Oil, gold stabilise after overnight hammering
Oil and gold stabilised in Asian trading on Thursday after taking severe knocks overnight.
Credit Suisse positive on airlines, retailers
Speculative positions in oil are excessive and appear to have peaked, Credit Suisse wrote in a strategy note on Wednesday.
Commodities: Oil recovers in European trading, dollar weighing on metals market
Oil benchmarks recovered from overnight lows on Wednesday staging a rebound in Europe, as a stronger dollar weighed on the wider commodities market.
Commodities: Oil marginally up, gold down as Indian imports plummet
Oil benchmarks began trading marginally up in Asia on Tuesday, while gold continued its overnight dip as Indian seasonal buying came to an end last week.
Japan rocked by 5.6-magnitude earthquake in Ibaraki prefecture
An earthquake hit Japan on Monday afternoon, the country's Meteorological Agency and various media reports confirmed.
Commodities: Oil retreats from overnight highs, copper and lead claw back losses
Oil benchmarks shed overnight gains in Asia on Friday with profit-taking undoing some of price spikes noted in US trading.
Vedanta needs to strengthen its balance sheet, says Moody's
Vedanta Resources will have to strengthen its balance sheet for the current financial year to avoid further pressure on its credit ratings, according to Moody’s.
Commodities: Oil price rises on Chinese manufacturing data, gold up on Fed caution
Oil benchmarks were trading higher on Thursday, following a marginal improvement in Chinese manufacturing.
Commodities: Oil recovers ground, gold remains in the green
Oil benchmarks recovered ground in European intraday trading on Wednesday, after overnight dips on oversupply permutations and the strength of the dollar.
China inks €47.5bn agreements in Brazil
Chinese PM Li Keqiang and Brazil's President Dilma Rousseff signed a multibillion-dollar series of trade and investment deals in Brasilia on Tuesday.
Citi cuts forecast for WTI crude futures in fourth quarter of 2015
Oil prices have risen too quickly this year, one of the world's leading brokers believes.
LNG exporters facing a buyers' market, experts say
As competition intensifies between traditional exporters of liquefied natural gas (LNG) and upcoming ones, the wider natural gas market has turned in buyers’ favour, according to experts at the Baker & McKenzie Oil & Gas Institute in Houston.
Commodities: Oil up marginally, gold holds ground but base metals continue tepid run
Crude oil benchmarks were broadly flat in Asia on Tuesday amid growing evidence of Middle Eastern producers increasing their output in a bid to maintain market share.
Western oil companies treading carefully on Iran, experts say
Western oil and gas companies are treading carefully on Iran as the wider market takes in the possibility of international sanctions on Tehran being lifted at some point, according to senior industry executives.
Goldman Sachs cuts oil prices forecasts
Goldman Sachs has cut its forecast on oil prices for 2016 to 2020, on the back of improved US shale efficiency and unrestricted OPEC productivity.
Commodities: Oil benchmarks post marginal gains, gold near three-month high
Oil benchmarks posted marginal gains in early Asian trading on Monday, as the global oversupply situation continued to impact investor sentiment. At 05:23 BST, the Brent front-month futures contract for July delivery was up 9 cents or 0. 13% at $66. 90 per barrel, while the WTI June contract was up 12 cents or 0. 20% at $59. 81.
Commodities: Oversupply returns to hound oil markets, gold and cotton futures up
Oil trading commenced on a tepid note in Asia on Friday as oversupply concerns returned to hound the market.