Natural gas futures markets witnessed a decline in open interest for the third consecutive session on Friday, with a decrease of approximately 14.6K contracts. Additionally, volume dropped by around 205.6K contracts, partially reversing the previous daily build. These figures, derived from advanced prints by CME Group, indicate a decrease in.
Gold prices experienced a notable shift in response to the Federal Reserve’s hawkish outlook on interest rates. This article delves into the intricacies of the market, analyzing the recent price movements and their underlying causes. By examining the Federal Reserve’s projections and expert opinions, we aim to provide a comprehensive.
Introduction: In the ever-fluctuating world of commodities, gold prices are experiencing a minor dip ahead of the release of Consumer Price Index (CPI) data and the Federal Reserve (Fed) meeting. As investors eagerly await these events, it becomes crucial to understand the factors influencing gold’s performance and how market participants.
Introduction: The recent wildfires in Alberta, Canada, have prompted TC Energy, a leading energy infrastructure company, to temporarily close two compressor stations on its NOVA Gas Transmission Ltd (NGTL) system. The decision comes as a precautionary measure to ensure the safety of personnel and protect the integrity of the infrastructure..
Oil prices are showing a slight decline as investors closely monitor the upcoming Federal Reserve (Fed) meeting. The market anticipates the central bank’s decisions and their potential impact on the oil industry. In this article, we delve into the factors influencing oil prices, analyze the market’s expectations regarding the Fed.
Introduction: The natural gas futures market witnessed intriguing dynamics in recent trading sessions, as open interest contracted for the second consecutive day, while trading volume surged for the fourth consecutive day. According to preliminary data released by CME Group, open interest in natural gas futures decreased by nearly 21,000 contracts,.
The Palladium market, known for its volatility, witnesses revised price forecasts as analysts adjust their projections for the coming years. This article provides insights into the updated predictions for the end of 2023 and 2024, highlighting the limited growth potential for Palladium and the factors contributing to this assessment. Palladium.
The latest data from CME Group showed that traders reduced their open interest positions in crude oil futures markets by a small margin on Wednesday, while volume increased for the second consecutive session. This article will analyze what this means for the crude oil market and how CME Group’s products.
Introduction The silver market has been experiencing a bearish trend in the past few weeks. The price of silver has reversed its one-year high and snapped a three-day uptrend. The bright metal’s U-turn from a fortnight-old resistance line broke an upward-sloping support line from April 03, now immediate resistance around.
New York-traded West Texas Intermediate (WTI) crude oil prices surged to a two-week high on Friday, settling at $75.67 per barrel, up $1.30 or 1.8% for the day. The rally in prices was driven by a session high at $75.71, which marks the highest level since mid-March. Over the week,.
Oil prices edged higher on Monday as investors reacted to the brewing banking crisis in the United States, which has sparked expectations of a potential shift in the Federal Reserve’s monetary policy. However, concerns remained over the possible economic fallout from the crisis. The dollar’s weakness also contributed to the.
The Federal Reserve’s decision to hold off on raising interest rates until March has given some relief to the oil markets, with New York-traded West Texas Intermediate (WTI) crude settling up 1.3% at $76.68 per barrel, reducing its weekly loss to 3.8%. London-traded Brent crude also settled up 1.5% at.