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  • Squawk / 45 minutes ago
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Crude oil trading modestly higher on continued geopolitical risks and ahead of today’s weekly stock report from the EIA at 1430 GMT.
    Iraqi forces continue to recapture territory from the Kurds while shipping sources say that flows through the Kurdish pipeline to the Turkish port of Ceyhan have dropped sharply to around 225,000 barrels per day from around 500,000 bpd on Tuesday.
    Oil received a lift yesterday after the API said US oil stocks fell 7.13m barrels last week, more than double what surveys expect the EIA report will show later today. The gains however were somewhat hampered by a rise in both gasoline and distillates and if confirmed by the EIA the latter would represents the first rise in seven weeks.
    NOTE: Export, imports and off-shore crude oil production are all likely to have been impacted by Hurricane Nate which hit the Gulf of Mexico during the reporting week.
    Updates to follow below once the report is out.
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  • Squawk / 9 hours ago
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    India
    Spot Gold Trading View: now having support zone 1280, below holding means 1274 & 1267 easily looking other wise again rise up to 1292 & 1299...
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  • Squawk / 12 hours ago
    trader
    United Arab Emirates
    US Crude Oil Dec17 is in up trend since 09Oct. It is currently trying to close above the last resistance 26sep-28sep doji candles to stay in the uptrend move. long green candle closes above the last resistance candles is preferred by bullish traders.
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