Iraq OPEC exit threat puts $50 oil in play as Gulf cartel frays
An Iraqi exit would remove the world’s sixth-largest crude producer from the cartel’s output discipline f ...
ICYMI: Iran fires on cargo ship in Hormuz strait, UN halts evacuation as oil price bounce
The attack reignites the core risk that tankers will again become reluctant to transit the strait, threatening to cri ...
Crude oil futures settle at $71.92, but remains below key MA targets
Crude oil futures are settling at $71.92, up $1.58, or 2.25%, as prices continue to recover from the sharp selloff se ...
Silver down more than 50% from all-time highs as Fed tightening risk weighs on the market
FUNDAMENTAL
OVERVIEWSilver has been falling hard in the recent days the fallout from the
hawkish Fed decision ...
Iran’s IRGC warns ships face action for using Hormuz routes not cleared with Tehran
This is a direct escalation of Iran’s posture on Hormuz transit and will immediately raise risk premiums on tan ...
JP Morgan cuts Brent forecast to $78 year-end as demand miss and inventory lag bite
A year-end Brent target of $78 from JP Morgan suggest a directional anchor for the market, reinforcing the bearish H2 ...
US EIA weekly crude oil inventories -6088K vs -4461K expected
Prior was -8263Gasoline +2064K vs -578K expectedDistillates +3064K vs -505K expectedThe report isn’t as bullish ...
The fall below $70 oil is one of the most-confounding market moves ever
There is an entire class of people who spend their careers counting barrels of oil. Oftentimes they’re compelli ...
Gold breaks $4000 for the first time since November
Gold briefly fell below $4000 for the first time since November.The peak of the rally came just after the US launched ...
Gold extends losses as Fed tightening risk continues to push real yields and dollar higher
FUNDAMENTAL
OVERVIEWGold has extended the losses this week as the fallout from the hawkish Fed
decision conti ...
Oil prices are almost back to pre-war levels amid Hormuz normalisation, Fed hike risks
FUNDAMENTAL
OVERVIEWOil prices continue to fall steadily after the end of
the US-Iran war and the reopening o ...
Gold faces $3,800 risk if Fed pivots to hikes, Deutsche Bank warns
The Deutsche Bank revision lands at a moment when gold is already losing its traditional safe-haven narrative to a mo ...