Market Pulse - Commodities
Commodities: Crude veers heavily lower as Libya output surges
Crude-oil futures veered heavily lower on Wednesday as markets already underwhelmed by Opec's recent output-curb extension now quit the asset on fears of surging Libyan production.
HSBC initiates Ferrexpo at a buy
Analysts at HSBC initiated coverage of Ferrexpo with a recommendation to 'buy' and a 210. 0p target price.
Commodities: Crude sinks on doubts over sufficiency of Opec cut extension
Oil prices resumed their move southwards on Tuesday as bears carried out another round of selling, doubting cartel Opec's extended production cuts would alleviate the global glut.
Commodities: Crude rises, but may well face choppy trading ahead
At face value crude oil futures appeared to be doing well on Friday afternoon, but the modest rises in both WTI and Brent are off the back of yesterday's Opec-driven plunge and may well foreshadow choppy sessions ahead.
Sector movers: Oil shares hit by OPEC decision, Petrofac
Oil stocks were under the cosh despite a decision from OPEC to extend a supply cut deal for another nine months, although in the oil equipment space it was Petrofac that was inflicting the greatest pain.
Commodities: Crude futures fall as Opec extends curbs by nine months
Crude futures dived into the red Thursday as Opec extended its output cuts for a further nine months and into March 2018, sparking a quick round of profit taking and disappointing some in the market who wanted more.
OPEC reportedly extends output cut deal by nine months
According to multiple reports, citing delegates at the OPEC meeting in Vienna, the cartel's members agreed to prolong into March 2018 the November deal which saw them reduce production by 1. 8m barrels a day.
US crude oil inventories drop more than expected
US crude oil stockpiles drew more quickly than expected last week with analysts pointing to near-record refinery runs as the main culprit.
Commodities: Crude oil rises after EIA data, ahead of Opec meet on Thursday
Crude-oil futures got a boost higher on Wednesday afternoon thanks to further confirmation that US inventories fell last week, in a market pensive ahead of tomorrow's Opec meeting.
Global trade jumps in March thanks to surge in emerging markets
The recent improvement in European business confidence surveys was not just the result of the psychological boost to sentiment from the French elections, UniCredit Research said.
Commodities: Crude around even ahead of this week's stores data, Opec
Crude-oil futures are trading around even Tuesday afternoon, having recovered from nadirs earlier in the session and ahead of Opec's key meeting on Thursday.
Commodities: Oil prices continue to froth on Opec curb hopes
Crude-oil futures began the week as they left off on Friday, frothing higher on market hopes of Opec extending its output curbs when it meets later this week.
Macquarie raises target price on Cairn Energy, upgrades to 'outperform'
Analysts at Macquarie revised their target price on shares of Cairn Energy higher in anticipation of progress in Senegal and the start of cash flow generation in the North Sea.
All countries agree on oil output cut deal, Saudi Arabia's Al-Falih says
All countries taking part in the November deal to cut oil production agree on the need to extend the supply cut agreement by another nine months.
Commodities: Crude bubbles higher on hopes Opec will extend output curbs next week
Crude-oil futures bubbled their way to roughly month highs on hopes that Opec will extend its output curbs when it meets next week in Vienna.
Asset sales, cash calls still possible at Tullow, Canaccord says
Canaccord Genuity trimmed its target on shares of Tullow Oil after revising its short-term 'price deck' for the price of Brent lower.
WTI futures jump after latest DoE inventory figures
US oil and product stockpiles fell sharply during the latest reference week despite a sharp pick-up in imports.
Jefferies lowers Brent oil price forecasts, downgrades Ophir Energy, Premier Oil
Analysts at Jefferies revised their medium and long-term price assumptions for Brent oil lower, downgrading shares of Ophir Energy, Soco International and Premier Oil in the process.
Commodities: Crude trots higher on continued curb-extension hopes ahead of API data
Crude-oil futures continued to trot higher on continued hopes that Opec-led production curbs will last into 2018, but investors have a wary eye on two sets of US inventories data due out this week.
Commodities: Crude prices soar on hope of output cut extension to 2018
A wave of optimism swept through the oil market on Monday as Saudi Arabia and Russia said supply cuts needed to last into 2018, but not all pundits are convinced.