Reports of Iran firing cruise missile at US oil tanker, also UK Navy reports incident
Two incoming reports:Iran’s IRGC has just launched an anti-ship cruise missile toward the Strait of Hormuz,&nbs ...
Globex is open and Trump is getting his way: Oil down, stocks up
Trump with his market supportive comments ahead of the open have had an impact:oil down around 6%ES and NQ up around ...
Trump claims Hormuz deal done, denuclearisation talks to start tomorrow
Trump’s claim of a completed Hormuz agreement should be treated cautiously by markets pending independent confi ...
Weekend – OPEC+ agrees 188,000 bpd September hike, completing rollback of 2023 output cuts
The September increase is largely symbolic given that export flows from the Gulf remain constrained by the Iran confl ...
Weekend – Trump cancels Iran strikes as deal ‘perimeters’ agreed, Tehran denies request
A confirmed stand-down from strikes on Iranian energy infrastructure would remove, for now, one of the more acute sup ...
U.S. Rig Count Edges Higher
The U.S. rig count was little changed this week, with the total number of active rigs rising by 1 to 588. Oil rigs in ...
Gold fails to extend gains as traders await the US CPI and Middle East developments
FUNDAMENTAL
OVERVIEW Gold strengthened following the FOMC decision despite three dissenters
voting for a ...
Crude oil inventories fall -7.167M versus -1.272M estimate. Crude oil futures move to new highs
The weekly EIA oil inventory data showed a large fall in crude oil stocks. The crude oil inventories fell by -7.167 b ...
Gold Price Today: Can $4,000 Hold as Traders Await the Fed?
Gold price analysis today: Bulls need to reclaim $4,025 as the $4,000 floor faces a Fed testBias: Gold futures remain ...
Gold stays under pressure ahead of the FOMC decision as traders hedge and Middle East risks rise
FUNDAMENTAL
OVERVIEW Gold is trading near weekly lows as the hedging
activity into the FOMC decision and ...
Oil jumps on a report that Iran launched ballistic missiles towards a US base in Jordan
Oil prices are quickly higher after a report from Axios that says Iran launched ballistic missiles towards a US base ...
US weekly private oil inventories +3.3m vs -1.4m expected
Results of the private survey:Crude +3.3m vs -1.4m expGasoline +0.9m vs -1.2m expDistillates +0.4m vs +0.6m expThis i ...