This week has seen volatility in oil prices as a result of positive forecasts in global demand followed by an unexpected increase in supply.
General Financial News
This month’s market roundup, we’ll discuss how crude oil rebounded slightly after months of losses and how a big announcement in gold could irrevocably change otherwise bearish futures trading.
Several dollar-denominated commodities saw their prices drop to end the week.
The U.S. trade deficit during the month of June closed more than forecast as crude oil prices fell the most in more than three years, Bloomberg reports. The deficit dropped 11 percent to $42.9 billion, signifying the smallest shortfall since December 2010. The metric checked in at $48 billion during May, figures released by the… Read more.
The world's seven financially healthiest nations will advocate for the euro zone countries victimized by the voracious sovereign debt crisis, according to those nations' leaders who partook in the Tuesday teleconference. Bloomberg reports finance ministers and central bank governors agreed to manifest a coordinated defense for the beleaguered nations. Two debt-hobbled nations, Spain and Greece,… Read more.
In addition to good will for a certain nation surrounded by the Aegean, Ionian and Mediterranean seas, the commodities complex also benefited from a debt deal approved by finance ministers to stave off a euro zone nation's impending default on financial obligations, according to Bloomberg. The deal stamped with approval on Tuesday morning for the… Read more.
Analysts expect to see shortages of a wide variety of commodities in the next year – and investors are pricing in the possible gaps between supply and demand. Barclays Capital's latest survey of major investors – conducted as the crises in Japan and the Middle East were peaking – found that there was strong sentiment… Read more.
As the lifeblood of the modern economy, oil is a vitally important commodity for every market in the world. Crude oil futures have been on a tear recently, as the spread of revolutionary activity and unrest across the Middle East continues to worry investors, analysts and politicians. Before the latest unrest flared up in Libya,… Read more.
The prices of a tank of gasoline, a loaf of bread and a gold coin are likely to rise in the coming weeks. Commodity futures of every type are gaining as the rising level of global conflict makes investors aware of the risks in an increasingly unstable world. The trend really began last year when… Read more.
The Middle East is more volatile than usual lately – and that's been good news for both the news industry and commodity futures brokers. Risk-linked assets like precious metals futures and crude oil futures have surged as civil unrest spread from Tunisia to Egypt, Bahrain, Libya and Yemen. Brent crude oil futures surged over 5… Read more.