Tag Archives: Commodities
commodities
EIA Reports Slower US Gas Storage Build as Output Caps Henry Hub Below $3.00/MMBtu
EIA reports 92 Bcf gas storage build; inventories 22% above average, capping prices despite rising LNG, heat.
Brent dips below $100 as Iran deal hopes clash with export bottlenecks and subdued US supply growth
Brent dips below $100 on Iran deal hopes, but logistical delays and weak US output limit supply.
Dollar steadies near 99 as Middle East tensions and PCE data steer Fed rate outlook
Dollar steady near 99 as Middle East tensions and Fed hike bets focus attention on PCE data.
Russia’s April industrial output beats forecasts, underpinning rouble carry appeal and steady commodity supply
Russia’s April industrial output rose 1.9%, beating forecasts, supporting ruble strength, steady commodities, and subdued equity volatility.
Brent slips below 50-day average as SocGen flags Hormuz risk and downside levels
Brent breaks 50-day average, tests $96 support; Hormuz tensions fuel volatility, with outcomes ranging $85–$200.
Brent Tests $96 Support as SocGen Flags Hormuz Reopening Scenarios and Volatility-Driven Price Risks
Brent breaks 50-day average; $96 support crucial. Hormuz reopening may push $85; delays risk $150–$200 spikes.
Brent recoups part of sell-off as US–Iran deal optimism fades and volatility spikes
Brent rebounds then slips as US-Iran deal hopes fade; volatility jumps amid Hormuz demands, asset talks concerns.
Australia’s Q1 Construction Upside Lifts GDP Expectations, Reinforces Higher-for-Longer RBA Outlook
Australia construction up 0.9% Q1; stronger GDP outlook, hawkish RBA, AUD gains, commodities bullish, rate cuts delayed.
India’s WPI surge widens gap with CPI as oil costs threaten inflation pass-through
India caps fuel pass-through, containing CPI, but surging WPI signals looming spillover, driving hawkish RBI, volatility.
Societe Generale sees Hormuz closure pushing Brent towards $200 as inventories slide and recession deepens
SocGen stress case: Hormuz shut through 2026, inventories plunge, Brent near $200; traders eye calls, spreads.
