Posts Tagged ‘a ban on Iranian oil exports’

Daily Fundamental Outlook – Commodity

Crude oil rose on Wednesday caused by U.S. crude oil inventories are smaller than analysts' estimates and the Fed had announced will consider the issue of a new type of bond repurchase. The U.S. Energy Information Administration said oil supplies rose only 800 thousand barrels, lower than analyst estimates that 1 million barrels. This causes the price of crude oil on NYMEX rose to 106.53. However, ...
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Daily Outlook – Commodity

Gold sank to the level of $ 1,663 per ounce on Tuesday as fears of a worsening global economy. What is interesting is the closing of the gold in Tuesday trading session was the first under $ 1,700 since January 24. The strengthening dollar also weighed on prices of gold and crude oil. Greek issue re-emerged after reports of a company that helps negotiate a swap ...
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Daily Outlook – Commodity

Gold fell again, continuing the sell-off that occurred in the previous session. Gold fell sharply last week up to 4.3% after Bernanke's statement in the presence of the legislature. Bernanke was reluctant to talk about details of the third phase of quantitative easing. In fact, this policy became a pillar supporting the bullish movement of gold in recent years. According to Charles Nedoss, senior market researcher ...
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Daily Outlook – Gold and Oil

The fall of crude prices on Friday due to the objection to the news of Saudi Arabia attacked pipelines and rising U.S. dollar. Oil prices fell by more than 2% last week, cutting the profits of 6% in the last week. Previously, the issue concerns the disruption of oil supply dominate price movements in the market and give pressure on investors to buy oil contracts. But ...
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