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A big story last week was that AI is fueled by natural gas, which should increase demand.That story did little for the futures price. Then this week other stories came out that: Prices were supported...
ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting. The country’s stated aim is to reach 5 million bpd capacity by 2027. OPEC’s current...
Global Data: Aramco is leading oil companies in AI investment. Saudi Aramco spent $3.5 billion on research and development last year. As for AI itself, the technology was deployed in areas such as oil...
Commodity volatility went crazy as the Federal Reserve signaled, “the lack of further progress on there are inflation target in recent months” shook up a whole host of commodities. We...
This year’s uptrend line in Crude Oil is about to be tested. Differences between the various medium-term charts may show up because of the methodology used for drawing (nearest futures etc.)...
Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil...
Oil prices tried to stay strong in the face of the market doing a Federal Reserve freak out. Rumors that the Fed today is going to be extremely hawkish, even reports of potentially talking about...
Copper prices have surged in the last three months, driven by robust demand from various industries. China's positive economic data further strengthens the case for a potential rise in copper...
David Skarica, publisher of StockChartofTheDay discusses the breakout in Gold, stagflation vs. disinflation and the catalysts which will lead to an upside acceleration in Gold & Silver over...
Not much has changed in the world of inflation predictions. The dollar is rangebound. The yields have topped out. The FED has stagflationary issues to contend with. Raw material supplies are...
Both key precious metals moved decisively lower today, which is in perfect tune with their recent price patterns.Current Market ObservationsConsolidations, pauses, and breathers are the same thing...
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per ounce. After a failed attempt to climb above $30 per ounce on 7 April, the downside momentum in Silver has been replaced by...
Oil prices, after dipping yesterday on ceasefire talks, reacted to an announcement of the start of an important Canadian oil pipeline and a report that Biden will ease sanctions on Russian banks to...
Gold prices have taken a dip as hopes for a rate cut diminish following the reduction of broader conflict risks in the Middle East. As the attention is now turning to the upcoming Fed meeting, gold is...
Oil prices are coiling as the market tries to determine whether a push by US Secretary of State Anthony Blinken to convince Hamas to release hostages in return for a cease fire will bear any fruit....