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Commodities
Two NYSE-listed stocks benefiting from natural gas price rally
March 09, 2021 01:57 AM PST| By Team Kalkine Mediaes are getting crucial support from the Parabolic SAR indicator. The NYMEX Natural gas has climbed almost ~49 percent from its 28 December 2020 low of USD 2.238 to a high of USD 3.316 levels made on 17 February 2021. The analysis of the c...
Brent Breaches $70-Mark as Saudi Aramco Faces Drone Attack
March 08, 2021 03:47 AM PST| By AbhijeetSource: Anan Kaewkhammul, Shutterstock Summary Brent crude breached the $70-mark for the first time in the last 14 months. The Saudi energy ministry has denied any loss of property or casualties. WTI futures rallied 2.86 per cent to $67.98 pe...
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Brent crosses US$70/barrel-mark on Ras Tanura missile attacks
March 08, 2021 01:07 AM PST| By Team Kalkine MediaSource: Anan Kaewkhammul, Shutterstock Summary Brent crude oil prices soared over US$70 per barrel after an oil farm in Saudi Arabia was attacked by a missile on Sunday. Iran-backed Houthis carried out the attacks as a retaliatory move against...
Gold slides as bond yield & US dollar strengthens, is this an opportunity?
March 06, 2021 05:00 AM PST| By Team Kalkine MediaSource: Pixfiction, Shutterstock Gold prices slid further to below USD1,700 an ounce levels, falling on the second consecutive day in reaction to the rising US bond yields and the strengthening of US dollar. Gold spot price (USD /oz) Source: Eiko...
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Oil soars on OPEC+ decision, supply quotas unchanged for April
March 05, 2021 12:55 AM PST| By Team Kalkine MediaSource: Kodda, Shutterstock The oil prices soared after the Organization of the Petroleum Exporting Countries (OPEC) and its allies decided on 4th March 2021 to keep the oil supply quotas unchanged for the month of April with a few exceptions to the...
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Tsingshan supply deal slows down Nickel bulls
March 04, 2021 11:29 PM PST| By Team Kalkine Mediael prices had rallied in 2020, backed by the global electric vehicle revolution. Copyright © 2021 Kalkine Media Pty Ltd LME nickel tumbled to a three-month low of more than 8% on Thursday, while Shanghai nickel witnessed the steepest fal...
Govt. Aid to Canada Oil Firms Rose During Pandemic, Study Finds
February 26, 2021 01:20 PM PST| By Ipsita SarkarSource:William Potter, Shutterstock Summary Aid went to polluting oil fields in Alberta, Saskatchewan, and British Columbia, claims study. The companies were urged to avail federal aid to help pay employee salaries. Government spent $1.9 bill...
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Crude Oil at One Year High; Stocks Under Radar - BP Spon & Exxon Mobil Corp.
February 21, 2021 04:59 PM PST| By Team Kalkine MediaIn the last couple of weeks WTI crude oil prices have surged on account of a production cut that was announced by the OPEC+ members coupled with a deep halt in the U.S. South that shut wells and oil refineries in Texas. World crude oil .....
China targets US rare earth export; Australian miners shine
February 18, 2021 05:16 PM PST| By Kunal SawhneySource: Copyright © 2021 Kalkine Media Pty Ltd. Rare Earth Elements are found in relatively abundant quantity in the Earth's crust, but the mineable concentrations are less than other minerals. China holds the largest reserves (44MMt) of RE...
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Why is platinum at multi-year highs?
February 15, 2021 07:35 PM PST| By Kunal SawhneyFollowed by the emphatic industrial metals’ price rally on the expectations of global economic improvements, the prices of the Platinum contract hit ~US$1,291 an ounce on 15 February 2021, highest since September 2014. The current platinum p.....
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Why is Copper at a New Seven-Year High?
February 10, 2021 06:12 PM PST| By Team Kalkine MediaCopper prices are once again climbing the price ladder swiftly with prices of the commodity now surpassing the previous seven-year high seen in January 2021, thanks to the unfolding Supercycle in the commodity. To Know More, Do Read: Copper Tops U.....
Will silver repeat the “gold story”?
February 08, 2021 11:10 PM PST| By Team Kalkine MediaThe silver price rise has been a sensational story so far. The white metal is trading above US$26 per ounce after 13 years. The price rose to nearly 20% in the last one week. The price movement of silver in 10 years (Image Source: Refinitiv Eiko.....
U.S. EIA Anticipates Crude Oil Production to Surpass 2019 Peak
February 07, 2021 07:33 PM PST| By Kunal SawhneyThe United States Energy Information Administration (EIA) anticipates the U.S. crude oil production to rebound to another record high in 2023 after taking a toll from the COVID-19 outbreak. Source: Copyright © 2020 Kalkine Media Pty Ltd Glob...
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Crude Oil Rally Continues on Declining US Stockpile
February 05, 2021 01:24 AM PST| By Team Kalkine MediaThe latest Energy Information Administration (EIA) report with crude oil stockpile data has sparked celebrations across the oil industry. The trend in the weekly inventory data has highlighted a drawdown in the levels. Connecting the dots between t.....
Silver Surge Continues, Riding High on Reddit Mania
February 01, 2021 07:09 AM PST| By Hina ChowdharyA global surge in silver prices refused to abate on Monday fueled by the frenzy traders on Reddit. After targeting some less-popular stocks for short-squeeze last week, raising unusual volatility in the North American markets, these traders.....
Is Silver the Next Big Bet on Wall Street?
February 01, 2021 02:54 AM PST| By Team Kalkine MediaThis time Wall Street bet traders have targeted the precious metal silver. Users on the Reddit forum Wall Street bets have been making a case for buying silver to try and push its prices higher. Notably, prices of silver are often manipulated. The.....
Domino effect? How silver short squeeze is impacting ASX-listed stocks
January 31, 2021 08:13 PM PST| By Team Kalkine MediaSilver spot prices witnessed a large gap-up opening during the trading session today. The performance can be attributed to the transformation observed in the recent weeks on how retail investors could use the collective capital to play big games in t...
Gold Had A Terrific 2020; How Did Platinum Fare?
January 30, 2021 05:33 AM PST| By Kunal SawhneyThe emphatic gold rally was seen at the start of 2020 in various parts of the world because of its limited supply and high demand as a safe-haven investment. COVID-19-driven lockdowns induced financial droops, globally, which further added.....
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After Saudi Arabia, Iraq pitches in with Crude Oil production cut
January 27, 2021 07:48 PM PST| By Team Kalkine MediaIraq produced at an average of 3.821 Mbbl/day throughout the last quarter of 2020 as per the OPEC January MOMR data. To make up for the extra production than the decided quota, Iraq has announced a production cut of 25,000 bbls per day of crude oil.....
China starts considering Australian coal carriers that arrived before the ban
January 24, 2021 11:50 PM PST| By Kunal SawhneyAustralia is the leading thermal coal exporter of the world and exports around 70-80% of its produced coal to China. Australia fulfilled around 57 per cent of Chinese thermal coal demands in 2019. The trade relations between the two countries becam.....
