Market Pulse - Commodities
WTI futures sent reeling by smaller than expected decline in oil stocks
US gasoline inventories rose unexpectedly last week as refineries continued to ramp-up, but the resulting drawdown in oil stockpiles was also less than anticipated.
Commodities: Selling abates in iron ore futures, gold lower
A rebound in prices for some industrial metals, in the energy space and for soft commodities helped buoy the wider complex on Wednesday.
US WTI futures edge higher despite rise in gasoline stocks
US crude oil futures edged higher as traders waited for the release of the latest official US weekly inventory data, while digesting figures from the day before showing a smaller than expected fall in stockpiles.
Polymetal's gold production increases, on track to meet full year targets
Polymetal International’s first quarter gold production increased following recent acquisitions as the miner remains on track to deliver its production and cost targets for the full year.
Sector movers: Miners hit by poor market sentiment around China
The roof fell in on miners as a wave of risk aversion swept over markets at the start of the week amid sharp falls in the prices of many industrial metals and iron ore in particular, with strength in the pound after May's announcement of snap general elections further denting the sector.
Global oil market very close to balance, IEA says
The global oil market is "very close to balance" and will likely tighten throughout the rest of the year, the rich-world's energy watchdog said in a widely watched report.
Commodities: Gold up as investors burrow for safety on geopolitical concerns
Gold is ahead as investors temporarily forgot UK Prime Minister Theresa May's would-be Brexit wonderland and bolted down a rabbit hole on Thursday in search of safety thanks to a proliferation of geopolitical concerns.
Keep it simple, Barclays tells investors in BP
'Keep it simple', analysts at Barclays advised investors in BP shares, highlighting how if the dividend was sustainable then the yield on offer was 7. 0% and pointing to a number of projects which were expected to start up in the backhalf of 2017.
WTI futures dip even as US weekly crude oil stocks fall
US oil inventories fell sharply last week, amid sharp drops in product stocks as imports flatlined and refineries continued to increase their production.
Commodities: Crude rises after API data, Saudi output hints
Crude futures are ahead Wednesday afternoon thanks to data revealing an easing in US oil stores, and hints by Saudi Arabia about further production cuts.
Iron ore futures continue to slide amid high inventories, increased output
Iron ore futures continued to retreat on Wednesday, amid high levels of inventories at ports even as domestic mines in China continued to ramp-up their production, analysts at SP Angel explained.
Commodities: Defensive gold ahead on US tensions with N.Korea and over Syria
Gold is trading more than 1% higher as investors embrace its safe-haven status on rising tensions between the US and North Korea, and in relation to its recent air strike in Syria.
Sector movers: Defensives bid higher amid low trading volumes
Defensive plays rose to the top towards the end of the session, with markets erasing early gains as geopolitical tensions took their toll amid holiday-depleted trading volumes.
Barclays cuts Brent oil price forecasts, likes Lundin, Cairn Energy, Ophir
Analysts at Barclays lowered their target prices for a broad swathe of European Oil &Gas explorers and producers as they marked down their short and medium-term assumptions for the Brent price deck.
Rockhopper Exploration to focus on Sea Lion financing in 2017
Rockhopper Exploration increased its output in 2016 as it continued to progress on developing Sea Lion, its main project offshore the Falkland Islands while increasing its footprint in the Mediterranean.
Commodities: Crude futures rise on Libya oilfield shutdown, Middle East geopolitical tensions
Crude-oil futures are on the front foot on Monday afternoon following a shutdown at Libya's largest oilfield and heightened tensions in the Middle East after the US military's missile strike in Syria last week.
Centamin reiterates full-year 2017 production and cost guidance
Centamin´s levels of production for the first three months of the year were in-line with company guidance, leading management to reiterate its full-year forecasts.
Commodities: Gold, crude up after US missiles hit 'chemical weapons' airbase in Syria
Gold sprinted higher early on Friday and held its ground as investors scurried for the defensive asset on news of a targeted US missile strike on an airbase in Syria apparently used for a chemical weapons attack on a rebel-held town.
Commodities: Gold on the front foot with markets seeking safety as Trump-Xi meet
Gold was on the front foot on Thursday afternoon as traders and investors liked the yellow metal's safe-haven appeal as the presidents of the US and China met in America.
Morgan Stanley keeps the faith in BP and Shell
Morgan Stanley kept the faith in European Energy stocks, telling clients their earnings growth was set to beat that of all other sectors over the coming three years - even under its worst assumptions for the oil price.