Oil

NEWS DESK

Oil Futures Fall for Third Session; Gold Hits Record High Amid Rate Speculation – APM Capital Market Report

PR News Desk 21/08/2024

Mark Pussard, Head of Risk, APM Capital Commodities Oil futures posted a loss for the third straight session Tuesday, with prices marking their lowest finish in two weeks dragged down by worries about a slowdown in global energy demand and risk-off sentiment in the U.S. market, coupled with

NEWS DESK

Oil Eases After Five-Day Rally Amid Middle East Tensions and OPEC Demand Cut – APM Capital Market Report

PR News Desk 14/08/2024

Mark Pussard, Head of Risk, APM Capital Commodities Oil prices eased off a little on Tuesday after five straight winning sessions as supply risks posed by widening Middle Eastern conflict were tempered by demand concerns a day after OPEC cut its forecast for demand growth in 2024. Benchmark Brent crude futures were down $1.32, or […]

NEWS DESK

Oil Prices Extend Gains; Gold Set for Weekly Decline as U.S. Stocks Edge Higher – APM Capital Market Report

PR News Desk 12/08/2024

Mark Pussard, Head of Risk, APM Capital Commodities Oil prices continued their week-long upward momentum on Friday, snapping a four-week losing streak, with Brent crude futures increasing to $79.66 a barrel. Similarly, US West Texas Intermediate (WTI) crude futures prices rose to $76.18 per barrel. Both contracts gained around 3.70% and 4.50%, respectively, this week. […]

NEWS DESK

Oil Futures Rise on U.S. Crude Inventory Drop; Gold Steady Amid Dollar Gains and Mideast Tensions – APM Capital Market Report

PR News Desk 08/08/2024

Mark Pussard, Head of Risk, APM Capital Commodities Oil futures rose Wednesday, finding support as data showed a fall in U.S. crude inventories and as stock markets continued their recovery from a global rout that had served to pull down commodity prices. West Texas Intermediate crude for September delivery finished with a gain of $2.03, […]

NEWS DESK

US Stocks Plunge, NASDAQ Tumbles 3.64% Amid High Trading Volume; Gold and Oil Prices See Gains – APM Capital Market Report

News Desk 25/07/2024

Mark Pussard, Head of Risk, APM Capital Wallstreet market U.S. stocks closed sharply lower Wednesday in one of the worst trading days of the year. Tesla led the way with a 12.3 % fall. Alphabet lost 5.03 %, while Nvidia closed with a 6.8 % loss. The Standard and Poor’s 500 closed at 5,427.13, falling […]

NEWS DESK

Explainer: Why oil recovers gain 2% after three declining days

News Desk 18/07/2024

A larger-than-expected weekly decline in US crude stockpiles and a weaker US currency overcame hints of slower Chinese economic growth as oil prices rose by almost 2% on Wednesday. By 1:33 p.m. EDT (1733 GMT), Brent futures had increased by $1.35, or 1.6%, to $85.08 per barrel, while US West Texas Intermediate (WTI) crude had […]

NEWS DESK

Oil Futures Hit Two-Week Low; Gold Trades Higher Ahead of CPI Report – Comments from Century Financial

News Desk 10/07/2024

Oil prices finish lower after Hurricane Beryl leaves energy infrastructure largely unscathed: Oil futures lost ground Tuesday, with U.S. benchmark prices settling at their lowest in nearly two weeks after Hurricane Beryl appeared to leave Texas energy infrastructure with little damage. U.S crude oil futures slipped in post-settlement trading Tuesday even as the American

NEWS DESK

Oil and Gold Prices Rise Amid Unexpected Supply Drop, Middle East Tensions, and Rate Cut Hopes – Comments from Century Financial

News Desk 05/07/2024

Shell to Take Impairment Hit of Up to $2 Billion: Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a major biofuels plant as European energy majors grapple with weak market conditions, while trading in its core gas division is set to fall on quarter. Oil prices end higher […]

NEWS DESK

Weekly Recap: Global Markets Navigate Inflation Concerns, Policy Shifts, and Oil Uncertainty

News Desk 03/06/2024

As May draws to a close and June begins, financial markets worldwide find themselves at a critical juncture. Economic data reveals a mixed picture, with signs of easing inflation tempered by ongoing concerns about growth and the potential for further policy tightening. Central banks grapple with diverging paths, while oil prices remain sensitive to production […]

NEWS DESK

Crude Oil Price to Fly in 2024?

PR News Desk 21/01/2024

While the Ukrainian-Russian conflict is starting to slow down, causing less pressure on oil and gas prices, the events following October 7th have stirred things up again in the Middle East, especially with Houthis in Yemen keeping a tight hold on the Red Sea and the escalation of “Operation Prosperity Guardian”. Real concerns about these […]