Oil
Oil Rise Leads to Gold Hedging Gains
The rising price of oil sent gold prices up in London. The demand for gold as an inflationary hedge led to rising prices on the commodities market.
Gold is joined by other precious metals seeing a rise in demand with prices rising for platinum, palladium and silver. With oil trading within one percent of $120/bbl, precious [...]
Crude Oil Price Falls
Data figures released in the US showed a slow-down in the US service industry for January.
The result of weak US service sector figures suggests a slow-down in the US economy as well as a reduction in energy demands.
Crude oil fell over $1 a barrel after the report was released. James Ritterbusch, president of Ritterbusch & [...]
Commodities Outlook 2008
In recent years the commodity market has become a hot topic for futures and options traders.
Boom or Bust?
Recent years have seen an increased demand for energy and base metals such as copper and aluminium. However, a decline in the price of these commodities recently has led analysts to predict a fall in value for this [...]
Oil Above $92
Speculation that the Federal Reserve increase liquidity by providing cash to banks has led to a rise in the price of oil. This increase in oil price appears to be based on an expected increase in US energy demands.
“Oil and gold prices rallied strongly on Wednesday following news that central banks planned to co-ordinated their [...]
Oil to Remain Priced in Dollars
There has been much discussion in recent months regarding the continuing slide in the value of the USD. Much speculation in the global currency/commodities markets suggested a switch to a more valuable currency for pricing barrels of crude oil. Members of OPEC showed a keen interest in pricing oil in something other than the [...]
Expected Fall in Crude Oil Price
Next week look for a fall in the price of crude oil. Many analysts are predicting a fall based on the economic woes in the US.
The slow-down in the US economy means analysts expect a reduction in US energy demands, thus lowering the price of crude oil. “Crude oil for January delivery fell $1.38, [...]
