Brent jumps over 5% to $84 after a surprising OPEC+ output cut

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03 Apr 2023

Brent jumps over 5% to $84 after a surprising OPEC+ output cut

Brent and WTI crude oil prices jumped 5% to $84/b and $80/b on Monday morning, as OPEC and its allies led by Russia announced a surprising output cut of 1

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31 Mar 2023

COMMODITY INSIGHTS

Silver rallies to $24 on a banking turmoil and the supportive gold-silver ratio

Silver extended recent gains on Thursday toward $24/oz, a level last seen at the end of January, as a softer U.S. dollar and lower bond yields drove demand for the...

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30 Mar 2023

FOREX PERCEPTION

U.S. dollar falls at 2-month lows ahead of key economic data

DXY-U.S. dollar index traded to a nearly two-month low of 102.50 on Thursday morning following two weeks of steep losses on the back of the recent collapse of several U.S. banks and the prospect of...

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28 Mar 2023

COMMODITY INSIGHTS

Brent jumps 5% on supply disruption from Kurdistan region in Iraq

Both Brent and WTI crude jumped over 5% to $78/b and $73/b respectively on Monday following news that the Turkish port of Ceyhan stopped pumping crude from Kurdistan via...

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27 Mar 2023

COMMODITY INSIGHTS

Crude oil trades to near a 15-month low as bank fears persist

Crude oil prices traded just above a 15-month low on Monday morning as market participants concern over more banking defaults around the world, following the worst...

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22 Mar 2023

FOREX PERCEPTION

U.S. dollar retreats lower ahead of Fed rate hike decision

U.S. dollar falls across the board as investors have scaled back expectations for an aggressive 50-basis-point interest rate hike from the Federal Reserve at its March 22 monetary policy meeting...

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