Marketwatch: Recession fear hurts commodity market
"As the gold correction unfolded last week, platinum remained supported due to supply concerns from South Africa facing frequent power...
Opinion
Marketwatch: Demand may pick up as China reopens
Supply of diesel to Europe from the US and the emerging refinery hub in the Middle East may make up...
Opinion
Opinion
Commodities face a challenging first quarter
We have strong doubts about the recession risk to the US economy and see demand from some of the world’s...
- Brent may spend most of the time trading below $80 before eventually recovering back towards the $90 area once the Covid cloud starts to lift in China
- Copper and iron ore manage to post small gains during an otherwise challenging week, where China’s messy exit from its long held covid-zero strategy has led to a surge in cases
Opinion
Gold jumps out of the gate to kick off 2023
Traders' conviction at the beginning of a new trading year always tends to be low for fear of catching the...
- Gold, together with silver and platinum, is among a few commodities trading up as the new year gets under way, writes Ole S Hansen, the Head of Commodity Strategy at Saxo Bank
- Gold’s newfound resilience and momentum from December has been carried over to January as investors seek shelter from what has been forecast to be another overall challenging year
Opinion
OPEC+ output cuts continue to impact energy market
Commodities, meanwhile, trade mostly higher as the market's focus remain altered between optimism over China reopening after exiting its strict...
- Commodities trade mostly higher as the market's focus remains altered between optimism over China reopening and an extended rate hike cycle in the US
- Energy market, meanwhile, continues to focus on the price-supportive impact of OPEC+ production cuts and upcoming EU sanctions against Russian crude sales
Opinion
Refinery margins go up for gasoline, distillate products
Strength this week has been driven by a continued developing tightness in the fuel product market, US exports of crude...
- While crude oil has been mostly rangebound since July, the fuel product market has continued to tighten as supplies in Europe and the US have become increasingly scarce
- As long as the product market remains this tight, the risk of seeing lower crude oil prices -despite the current worry about recession - seems to be low, says Saxo Bank expert
Opinion
OPEC-forced rally in crude oil strengthens markets
The fear of the global organizations such as International Energy Agency that the OPEC+ decision would increase energy security risks...
- The US inflation is expected to start slowing soon, thereby providing some relief to global economies hurt by a strong dollar, says an expert
- Russia’s war in Ukraine and the actions taken by the West to counter Putin’s behavior remain a key source of support for several commodities
Opinion
Marketwatch: Tight supply battles recession risks
Adding to this, the market had witnessed September as a month of turmoil across financial markets driven by a surging...
- The commodity sector traded lower by around 7% in September with the weakness being driven by growth-dependent sectors, like energy and industrial metals
- September was a month of turmoil across financial markets driven by a surging dollar and traders sending bond yields sharply higher in anticipation of further rate hikes
Opinion
Commodities drop amidst darkening growth outlookÂ
In addition, demand in China continues to linger after the IEA said the world's largest importer of oil was heading...
- Growth and demand concerns, as well as the stronger dollar making the cost of fuel increasingly expensive around the world, remains key focus of the markets
- Demand in China continues to linger after the IEA said the world's largest importer of oil was heading for its biggest annual drop in demand in more than three decades
Opinion
KSA’s crude advice energizes commodity markets
Inflation-fighting measures, such as hiking rates and removing stimulus, was the main driver behind the recent correction in commodities that...
- Gains have been seen across most sectors, led by agriculture as weather woes lifted the cost of coffee and the three major crops – especially corn
- Industrial metals receive a boost from China’s continued efforts to support its weakening economy by announcing more stimulus policies
Marketwatch: Recession fear hurts commodity market
"As the gold correction unfolded last week, platinum remained supported due to supply concerns from South Africa facing frequent power...
Opinion
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Commodities hurt by a crisis of confidence
Market Report
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OPEC+ output cuts continue to impact energy market
Commodities, meanwhile, trade mostly higher as the market's focus remain altered between optimism over China reopening after exiting its strict...
Opinion
Refinery margins go up for gasoline, distillate products
Strength this week has been driven by a continued developing tightness in the fuel product market, US exports of crude...
Opinion
OPEC-forced rally in crude oil strengthens markets
The fear of the global organizations such as International Energy Agency that the OPEC+ decision would increase energy security risks...
Opinion
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Opinion
Commodities drop amidst darkening growth outlookÂ
In addition, demand in China continues to linger after the IEA said the world's largest importer of oil was heading...
- Growth and demand concerns, as well as the stronger dollar making the cost of fuel increasingly expensive around the world, remains key focus of the markets
- Demand in China continues to linger after the IEA said the world's largest importer of oil was heading for its biggest annual drop in demand in more than three decades
Opinion
KSA’s crude advice energizes commodity markets
Inflation-fighting measures, such as hiking rates and removing stimulus, was the main driver behind the recent correction in commodities that...
- Gains have been seen across most sectors, led by agriculture as weather woes lifted the cost of coffee and the three major crops – especially corn
- Industrial metals receive a boost from China’s continued efforts to support its weakening economy by announcing more stimulus policies