Commodities

Commodities: Quiet day for oil as possible US sanctions on Venezuela loom
Oil markets saw little change on Monday as the market readied itself for a potential fallout between the US and Venezuela following Sunday's election, after it was labelled a "sham" by Washington.

Commodities: Gold ends week on a high thanks to subdued US data and weaker dollar
Gold rose to a six-week high in Friday's trading, aided by an ever weaker US dollar and worse than-expected US inflation, dampening expectations of a raise in interest rates.

Commodities: Gold lower on the day after initial Fed-fuelled rally
Gold rallied overnight after the release of the Fed’s policy statement, initially continuing into the London session on Thursday, with oil prices also retaining their relative strength.

Commodities: Brent rally continues as inventories decline
Brent crude continued its rally higher on Wednesday, fuelled by a reduction in oil inventories from the US, which fell by 7. 2m barrels, versus expectations for a smaller drop of 3. 3m.

Commodities: Profit-taking hits gold ahead of FOMC statement
Tuesday saw some money coming off the table as investors looked to be taking some profits on gold ahead of Wednesday's FOMC statement after a month high of $1,258 was hit in the previous session.

Commodities: Oil gains as caps to production agreed by JMMC
After suffering heavy losses at the end of last week, oil received a push higher on Monday on the back of talks in Russia between OPEC and non-OPEC countries regarding global output and price stability.

Commodities: Increasing supply of oil weighs heavy on the market
An over supply of crude from Nigeria and Libya of approximately 1m barrels per day weighed heavily on the oil market on Friday with September contracts for both WTI crude and Brent crude down 2. 28% and 2. 29% respectively.

Commodities: Weaker dollar aids gold and silver buyers
A worse than expected Philly Fed index reading dealt a further blow to US dollar strength today, which has seen gradual weakness since the start of the year as measured by the dollar index (a broad measure of us dollar strength/weakness measured against a basket of currencies) which has seen a fall from 103. 210 in January to 94. 121 today (1700 BST).

US oil inventories drop more than expected during latest week
US crude oil inventories fell by more than expected during the latest reference week, official data revealed, even as imports picked-up.

Commodities: WTI, NYMEX gasoline higher after DoE data
Softer than expected US oil inventory data gave the energy patch a lift late on Wednesday.

Commodities: Profit-taking in energy despite upbeat Chinese data
Profit-taking in the energy space weighed on the commodity patch despite an uplift for metals in the form of the latest Chinese gross domestic product figures out overnight.

Oil prices rise on slower US output growth, strong Chinese demand
Oil prices were climbing at the start of the week thanks to a slowdown in the pace at which new oil rigs were being brought into play in the US and signs of strong refinery demand from China.

Commodities: Weak dollar triggers across-the-board gains
Weaker than expected readings on the US economy for June and July, especially on the inflation front, pushed the greenback to its weakest level since September, triggering almost across-the-board gains for commodities.

Shell declares force majeure on Nigerian Bonny Light crude
Royal Dutch Shell has declared force majeure on Bonny Light crude oil exports in Nigeria, meaning be temporarily exempt from contractual obligations.

Commodities: WTI futures gain on supportive IEA data, Barclays bullish
Commodities were on the backfoot across the board on Thursday save in the energy space - especially - amid a slight rebound in the greenback.

WTI pares gains as domestic US oil output rises
US oil stockpiles saw a large drawdown during the latest week, even as domestic US oil production rose, government data revealed.

Bank of Canada raises interest rates for first time in seven years
The Bank of Canada on Wednesday raised their headline interest rate for the first time in seven years, though it had been widely expected.

A falling dollar lifts all commodities
Commodities traded on the frontfoot as the US dollar gave back some ground following remarks from German chancellor Angela Merkel (and ahead of a key speech from US central bank chief Janet Yellen the next day) alongside supportive newsflow for various specific segments of the market.

World's energy security may be fatally compromised, Saudi Aramco warns
Low levels of investment are putting the world's energy security at risk according Saudi Aramco, the world's largest petrochemicals company.

Commodities: Energy futures slip as dollar gains, flash crash in silver
A sharp drop in energy futures as the greenback strengthened and data revealed another rise in the number of US oil rigs in operation weighed on the commodities complex.