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  • Article / 18 minutes ago

    OPEC set to back Saudi plan for high supply

    Managing Partner / Spotlight Group
    United Kingdom
    OPEC set to back Saudi plan for high supply
    At next week's OPEC meeting, Saudi Arabia will argue that the organisation should keep up production – and it has a strong case. While there may be pockets of resistance at the June 5 meeting, it is expected that OPEC will maintain its daily production target of 30 million barrels.
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  • Calendar event / 3 hours ago

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Gasoline Stocks (Net Change)
    -3.6M
    Med Distillate Stocks (Net Change)
    Med Crude Stocks (Net Change)
    +1.3M
    Med Refinery Runs
    23h
    abralers abralers
    This comment has been redacted
  • Article / 12 hours ago

    FX Noon: Safety in numbers

    Director / Accumen Management
    United Kingdom
    FX Noon: Safety in numbers
    Today's session has seen the USD extend its gains, particularly against the yen. The dollar rally, however, remains hugely dependent on bullish data so the release of the latest US GDP print on Friday looms large in the distance.
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  • 2h
    Sergei Sergei
    U.S. And China markets are very strong, what's the reason to sell trend? "Six year bull run" - is it a good argument? What's about 7 years...
  • Squawk / 15 hours ago
    Trader
    Belgium
    WTI bounced again off trendline support. 59.00-59.20 short zone for me. Looking for a break lower from the wedge
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  • 11h
    Martin O'Rourke Martin O'Rourke
    EURUSD has been as low as 1.08566 in the European session and is currently trading near that at 1.0862 at 1156 GMT. USDJPY is very close to...
    11h
    Martin O'Rourke Martin O'Rourke
    Brent has slipped on the day to $63.62/barrel. WTI is 50 cents or so shy of this morning's figure in Morning Markets at $58.13/b at 1200 GMT....
    10h
    Martin O'Rourke Martin O'Rourke
    EURUSD continues to feel the heat, slipping as low as 1.08182 intraday. It currently resides at 1.0834 at 1320 GMT. Brent and WTI are also both on...
  • Squawk / 16 hours ago
    Head of Commodity Strategy / Saxo Bank
    Denmark
    WTI Crude oil leading the way higher today following yesterday's stronger dollar driven sell-off. US inventory report due Thursday is expected to show a 1.5 mio bbl decline and this together with a tad weaker dollar has supported the market today. Report from BBG that Iraq could boost exports by 26% next month has so far received little attention. Upside remains limited to 60.15
    Iraq story: http://www.bloomberg.com/news/articles/2015-05-26/iraq-about-to-flood-oil-market-in-new-front-of-opec-price-war
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