Category: Commodities

Fears of U.S. Shale Oil Increase Push Oil Down

Fears of U.S. Shale Oil Increase Push Oil Down

Fears of enhanced production by U.S. shale producers, hoping to cash-in on recent increases in the price of crude have pushed the commodity lower, as concerns rise regarding the potential for significant market-saturation once more. Prices of the commodity had soared in the wake of the signing of the OPEC deal designed to reduce oil-market-saturation, … Continue reading Fears of U.S. Shale Oil Increase Push Oil Down

Political Uncertainty Pushing Gold Up

Political Uncertainty Pushing Gold Up

Gold rose on the notion of increasing political uncertainty and a weakened dollar, after a disappointing press-conference for analysts hoping for some insight into the impending economic conditions during the imminent Trump administration. For months gold rallied and fell, as the tone of political certainly came and went with the results from various polls during … Continue reading Political Uncertainty Pushing Gold Up

Increasing Pessimism Surrounding OPEC Deal

Increasing Pessimism Surrounding OPEC Deal

Oil prices manage a moderate recovery in today's trading session, climbing back from two consecutive sessions of considerable decrease on fears of member nations failing to comply to designated production cuts, in the first month of the supply-cut deal's implementation. The once stable OPEC deal is facing increased pessimism as concerns about true supply cuts … Continue reading Increasing Pessimism Surrounding OPEC Deal

Oil Continues Fall on Fears of OPEC Deal Failure

Oil Continues Fall on Fears of OPEC Deal Failure

Brent crude, the global oil benchmark slid by 1.29% at 13:30 EST on sustained fears of a potential collapse of the OPEC oil deal signed last November. The deal in which, via the incorporation of non-OPEC members, primarily Russia, and constituent nations of the cartel, most notably Saudi Arabia - the largest oil producer ¬†of … Continue reading Oil Continues Fall on Fears of OPEC Deal Failure