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Oil market rout continues as Brent slumps below $45 per barrel

Crude benchmarks suffer as oversupply concerns continue to weigh on trading sentiment.

Jun 22, 2017

By Gaurav Sharma

OPEC

Oil market slumps to 3-week low as rising production neuters Opec impact

Uptick in Libyan production and rising number of US rigs spooks oil futures market.

May 31, 2017

By Gaurav Sharma

OPEC Gold

Oil futures slump on rising US production fears

Brent, WTI contracts lost further ground as US rig count rose and traders were unconvinced by producers' cuts.

May 30, 2017

By Gaurav Sharma

OPEC Goldman Sachs

Oil spikes to three-week high as more Opec members back production cuts

Brent, WTI futures jump as market prices in fresh output cuts by major oil exporters.

May 19, 2017

By Gaurav Sharma

OPEC Saudi Arabia Algeria

Squaring bets on gold to Bitcoin plays akin to pitting apples against oranges

Uptick in yellow metal's price and cryptocurrency's rise have started daft comparisons.

May 18, 2017

By Gaurav Sharma

Bitcoin

Betting on higher oil prices goes barmy on Saudi and Russian output cut agreement

Many money managers were withdrawing bets on higher oil prices before Saudi-Russian announcement reignited interest.

May 16, 2017

By Gaurav Sharma

OPEC

Oil futures head sideways as market takes stock of Opec antics

Several Opec ministers and Russia came out in favour of extending production cuts beyond June.

May 13, 2017

By Gaurav Sharma

OPEC

Oil market bets on $50 a barrel as Opec signals plan to pump less crude

As US inventories decline, oil ministers of Iraq and Algeria claim there's agreement within Opec.

May 11, 2017

By Gaurav Sharma

OPEC

Global Oil Futures Log Strong Gains After US Data Fuels Expetations of Higher Oil Demand

Oil heads sideways despite Saudi-Russian hints at extending output cuts

Soundbites in favour of extending oil production cuts having little impact in the face of rising US output.

May 8, 2017

By Gaurav Sharma

OPEC French Elections 2017 Gold

Oil production boost sees lower energy imports in the US

Oil futures recover from five-month low on Saudi intervention

Saudi Arabia's Opec governor claims major oil producers were converging on the need to extend production cuts.

May 5, 2017

By Gaurav Sharma

OPEC

Oil price sees tepid recovery as Saudi Aramco claims 'peak demand' theory is misleading

Tug of market direction between higher US oil production and Opec output cuts is in full play.

Apr 28, 2017

By Gaurav Sharma

OPEC

Big draw in US crude inventories fails to prevent another oil futures slump

Brent and WTI register steep declines as market continues to give more weight to rising US shale production.

Apr 27, 2017

By Gaurav Sharma

Oil futures slide for sixth successive session as Opec frets over US production

Rising crude production stateside continues to drag down crude prices despite producers' soundbites in favour of extending cuts.

Apr 24, 2017

By Gaurav Sharma

OPEC Gold Marine Le Pen French Elections 2017

Oil Futures Drop to New Lows on Global Growth and Oil Glut Concerns

Oil futures endure another volatile session as Brent heads for biggest weekly loss since March

Quotes from key producers over possible output cuts fail to fire traders' imagination.

Apr 21, 2017

By Gaurav Sharma

OPEC

Oil recovers from sell-off as Saudi energy minister hints at extending output cuts

Market chatter on fresh Saudi-Russia pact stems oil price decline as threat from rising US shale production rises.

Apr 20, 2017

By Gaurav Sharma

OPEC

Iron ore prices slump to near 6-month low on oversupply fears

Rise in supply of Chinese steel made from cheaper iron ore and global oversupply have triggered a heavy drop in ore prices.

Apr 18, 2017

By Gaurav Sharma

OPEC

Gold futures spike again after Trump questions dollar's strength

As the greenback slid on the president's comments, safe-haven investors extended gold trades.

Apr 13, 2017

By Gaurav Sharma

Donald Trump OPEC

Oil, gold futures uptick continues as traders increase risk-influenced punts

Geopolitical risk remained the primary driver of major commodities contracts with gold leading the way.

Apr 12, 2017

By Gaurav Sharma

Oil market uptick extends into fourth session despite higher US inventories

Bearish data from US failed to halt gains in oil market as traders speculate over extension of Opec cuts.

Apr 6, 2017

By Gaurav Sharma

OPEC Brexit

Oil rally halted by uptick in Libyan production

Libyan production rebound puts pressure on crude futures riding high on the back of Opec output cut chatter.

Apr 3, 2017

By Gaurav Sharma

OPEC

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