Crude Oil

During the US trading session on Monday, there was a sudden drop in a matter of minutes of just over $4 in WTI and Brent. This sudden movement led to a selloff in equities, gold and silver. Speculation and rumours as to the reasoning were that there had been a “fat finger,” an algorithm that had gone wrong and that there was an announcement of a special petroleum release (SPR). The CME Group quickly released a statement that they “..we’re not aware of any technical is…

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Its Monday morning and the start of the trading week in Europe, and though there has been unrest in the Middle East, political tensions increasing between Japan and China, the mainstream UK press is focused on the pictures taken of a royal while sunbathing. The escalating unrest in the Middle East is likely to unsettle investors and push up the prices of Oil due to the uncertainty of future supply. Protesters have been outside western embassies and Al-Qaeda brazenly attacked the ISAF b…

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Asian equities overnight have fallen after disappointing earnings from Chinese companies and Australia, a key trading partner of China, has cut its commodity sales forecast on concerns of the slowing Chinese economy. A decrease in inventories led to WTI Crude gaining during Asian trading. The City of London’s eyes this morning are on the Chancellor George Osborne’s 2012 Budget. With some headline parts of the Budgettacticallyleaked prior to the actual announcement, traders…

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It’s the end of the week and a possitive one for the equity markets in Europe and the US. On Thursday stocks rallied for a third consecutive day with the Stoxx Europe 600 reaching its highest level since July 2010. The FTSE 100 closed down 0.2%. In the US data from the jobs market and manufacturing added to optimism that the worlds largest economy is starting to gain some momentum. This morning Goldman Sachs O’Neill said that“..the US housing market is bottoming out,&…

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Overnight equity market’s in Asia slid following the moves seen in Europe and the US. Markets were spooked as Greece raced to sign a deal enforcing haircuts on private bond holders to receive critical bail funds and avoid a disorderly default. The FTSE 100 suffered its biggest one day fall this year at 1.9%, and the DAX and CAC 40 falling over 3%. Brazil’s economy has overtaken the UK for the first time, making it the second emerging economy to enter the top tier of economi…

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