Tag Archives: Oil
oil
China non-manufacturing PMI edges into expansion, lifting sentiment towards equities, commodities and AUD
China’s non-manufacturing PMI rose to 50.1 in May, beating forecasts, signaling resilience and boosting equities, commodities.
Dollar slips on risk-on Middle East hopes as euro, sterling rise and gold hits fresh highs
DXY slips on Middle East détente, boosting euro, sterling, and commodities; traders eye central banks and payrolls.
CFTC Data Show Oil Speculators Cut Net Long Positions as Supply Builds and Demand Cools
CFTC data show oil speculators cut net long positions to 161,000 contracts, signalling reduced bullish sentiment.
Gold climbs as US-Iran ceasefire talks weigh on oil and temper Fed rate-hike bets
Gold climbs above $4,500 as possible US-Iran ceasefire eases oil, lowering Fed hike odds, boosting appeal.
GBP/USD edges higher as US-Iran peace talk cools volatility and weighs on the dollar
GBP/USD rose as US-Iran peace talk optimism boosted risk sentiment; volatility likely falls, favoring short-vol strategies.
Sterling pares losses as US-Iran ceasefire talk lifts risk appetite and hits dollar
GBP/USD rebounded near 1.3460 as Iran deal hopes eased risk, weakening dollar; focus shifts to PMI, NFP.
US oil rig count rises again, hinting at higher supply and near-term pressure on crude prices
US rig count rose to 429, signaling modest drilling uptick, bearish near-term crude, amid inventories, geopolitics, OPEC+.
Dow hits 51,050 as Trump flags Iran deal decision, while oil and data temper risk appetite
Dow hits 51,050 on Trump’s “final” Iran-deal post, but draft terms, oil, risks diverge.
Report Says US-Iran Deal Near, Raising Prospects of Lower Oil Prices and Softer Market Volatility
Fars reports US-Iran nearing deal; Strait terms disputed, $12B release eyed, impacting oil, VIX, equities.
Wall Street hits fresh records as oil slips, with payrolls and Eurozone inflation in focus
US stocks hit record highs; tech stays bullish. Oil weakens on Hormuz hopes; payrolls loom; Europe inflation cools.
