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Oil

NEWS DESK

Oil Retreats as Supply Fears Ease; Gold Extends Decline on Fed Caution – Comments from Vijay Valecha , CIO – Century Financial

Crude Oil  WTI closed 2.1% higher on Friday, amid renewed geopolitical tensions, heightening supply concerns. However, it has retreated 0.76% today as supply fears have eased since then. Last week, a Ukrainian strike on the Russian port of Novorossiysk caused damage and temporarily halted operations. However, two tankers were able to dock on Sunday, signaling […]
NEWS DESK

Oil Slips on Rising U.S. Stockpiles; Gold Steadies Ahead of Fed Cues – Comments from Vijay Valecha , CIO – Century Financial

US Markets   After a risk-averse week, markets saw a modest rebound yesterday, with the SPX up 0.37% and the NDX gaining 0.72%. Dip buyers stepped in, supported by upbeat U.S. economic data, giving the market some breathing room. From a fundamental view, the recovery remains fragile but supported. Tech majors like Amazon, Google, Tesla, […]
NEWS DESK

Gold Holds Steady, Oil Slips as Market Volatility Returns – Comments from Vijay Valecha , CIO – Century Financial Services

US Markets   The SPX dropped 1.17% yesterday, marking its biggest decline since October 10. Since reaching its recent high on October 29, the index has fallen 2.18%. The selloff was mainly triggered by Palantir. Despite posting strong earnings, investors grew wary about its frothy valuations,  as the stock trades around 217x forward P/E. Meanwhile, […]
NEWS DESK

Oil Rises as OPEC+ Halts Output Hike and Black Sea Tensions Lift Sentiment – Comments from Vijay Valecha, CIO – Century Financial

US Markets The week ended with a 0.74% gain, driven by stellar Q3 earnings from six of the Magnificent Seven. Sentiment was also lifted by signs of easing U.S.-China trade tensions, with the Nasdaq 100 up 1.9%. From a fundamental standpoint, upbeat earnings reignited AI momentum in the markets. However, the rally cooled slightly last […]
NEWS DESK

Gold Hits Record $3,508.90 as Fed Cut Bets Rise, Oil Gains on Supply Risks – Comments from Century Financial

PR News Desk
Following a 0.84% increase yesterday, gold reached a record high of $3,508.90 in early trading today, as expectations of Federal Reserve rate cuts and rising concerns over the central bank’s independence fueled the multi-year rally in precious metals. ETFs added 104,284 ounces of gold to their holdings in the last trading session, bringing this year’s […]
Energy
Business Energy Oil & Gas

Do you know that these 8 countries control the world’s energy supply?

Arnold Pinto
As oil superpowers Global oil production remains dominated by a handful of countries, each with significant influence over energy markets, pricing, and international policy. As geopolitical tensions and energy transitions unfold, these nations remain critical to the global energy supply chain. Middle Eastern producers, particularly Saudi Arabia, the UAE, and Iraq, remain
Ole Hansen
NEWS DESK

Oil tumbles as Hormuz risk premium evaporates following symbolic retaliation and ceasefire deal- Saxo Bank

PR News Desk
Since our latest update “Oil market on the edge as Hormuz risk premium builds“, which highlighted the market’s nervous response to President Trump’s decision on Saturday to support Israel in a coordinated strike on Iran’s nuclear facilities, the geopolitical landscape has shifted dramatically—removing in one swift move the supply risk premium that had built