Market Pulse - Commodities
Commodities: Metals tumble in Europe, oil falls on profit taking
Oil benchmarks traded lower on Friday, with industrial metals continuing in negative territory with little respite in sight for the precious metals market.
Commodities: Oil rises in European trading, metals back in negative territory
Oil was trading higher in Europe on Thursday, with base metals back in the red as concerns over China’s economic performance coupled with a stronger dollar dominated wider market chatter.
Commodities: Oil benchmarks firm up in Europe, after dropping to six-month low
The commodities market remained on a rocky footing on Wednesday, as oil benchmarks firmed up near six-month lows with spot precious metals also stabilising at relatively lower levels.
Sector movers: Insurers lead London market higher as miners get respite
Insurance firms led the London market higher on Tuesday, as miners recouped the previous session’s losses.
Commodities: Oil, gold stay on a tricky patch in Europe, metals recover
Oil benchmarks continued to fall for much of the European trading session on Tuesday, extending losses incurred in Asia earlier in the day on oversupply concerns.
Commodities: European metals brave Chinese selloff, corn and oil futures fall
The European metals market was seen weathering a selloff in China early on Monday, while oil benchmarks continued to fall at the start of the week.
Commodities: Gold, oil falter in Europe, cocoa futures extend losses
Oil and gold continued to falter in Europe on Friday, extending the bearish sentiment overhang from Asian markets as the weekend close approached.
Macquarie predicts gold price will trough in Q3
The recent price fall in the yellow metal has been extreme, but with the Fed on course to raise rates and physical markets lacklustre it might not be over yet.
Commodities: Gold limps back in European trading, metals market mixed
Gold made a slow recovery back to positive territory in Europe on Thursday, after ten successive sessions of declines, while oil benchmarks retreated further and industrial metals continued to send mixed signals.
Commodities: Gold tumbles again in Europe, oil stabilises
Gold and platinum slipped again in European trading on Wednesday, while oil appeared to be stabilising with Brent well shy of the $60 equilibrium level most global producers are currently pining for.
Commodities: China's weakness continues to hound European metals trade
Majority of industrial metal contracts were trading lower in Europe on Tuesday as concerns over Chinese demand continued to weigh on investors’ minds, while oil benchmarks stayed low with Brent lurking below $60 on oversupply concerns.
Commodities: Gold at 5-year lows in Europe, metals and oil post declines
The commodities market entered an intraday bear run in Europe on Monday, with major futures contracts dragged lower by gold falling to a five-year low as Chinese investors shed the precious metal in record volumes.
Oil price decline would 'test US shale' plays, says Drillinginfo CEO
The ongoing oil price slump will test the mettle of US shale plays, but the kind of industrial bloodbath some have forecast is unlikely thanks to efficiencies of scale and the tenacity of independent upstarts, according to Allen Gilmer, co-founder and CEO of Drillinginfo.
Wave of selling out of China pushes gold lower, further downside eyed
A wave of speculative selling out of China sent the price of gold sharply lower early on Monday, just as investors were eyeing the potential for further downside on growing expectations for higher interest rates in the US and further advances in the greenback.
China reveals buying over 600 tonnes of gold in last six years
Over the last six years, China has been the world’s second-biggest buyer, figures released on Friday by the country’s central showed.
Commodities: Oil, gold slip again in Europe, tin leads metals recovery
Oil and gold slipped to fresh lows in Europe on Friday, at the end of a testing week with the Greek debt crisis finally showing signs of a conclusion, Iran nuclear talks ending positively and Beijing’s regulatory measures stopping a free-fall in the Chinese equities market.
Oil and gas M&A to rise on back of suppressed share prices, says consultancy
Global oil and gas mergers and acquisitions, especially in the exploration and production end of the business, are expected to rise on the back of suppressed stock prices, according to industry consultants 1Derrick.
Commodities: Oil rises, metals market mixed as gold continues to fall
Oil benchmarks saw a marginal uptick on Thursday, with the market appearing to have suitably digested implications of the Iranian nuclear settlement earlier in the week.
Iran's nuclear deal could knock $5-10 off the oil price, says Bank of America
Iran’s nuclear deal could result in the potential return of up to 0. 7m barrels of oil in production over the next 12 months, adding downside pressure on forward oil prices of $5-$10 per barrel, Bank of America Merrill Lynch said in a note.
Commodities: Oil marginally lower in Europe, base metals market sees uptick
Oil was trading marginally lower on Wednesday following on from the previous session which saw wild intraday swings in wake of Iran’s nuclear settlement.