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  • Calendar event / 50 minutes ago

    US API Weekly Statistical Bulletin

    forecast
    actual
    Med Crude Stocks, Net Chg (Bbls)
    -5.1M
    Med Gasoline Stocks, Net Chg (Bbls)
    +1.8M
    Med Distillate Stocks, Net Chg (Bbls)
    +0.6M
  • Squawk / 13 hours ago
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Gold has paused ahead of a band of resistance between $1350 and $1357/oz. A renewed rise in dollar and bond yields the trigger with silver leading the weakness following a mini crash of 3% yesterday. Gold support at $1331 and $1326.5.
    Focus: US Congressional talks to avoid a government shutdown on Friday.

    Brent crude struggling to hold onto $70/b as the EIA forecast a February increase in US shale oil production of 111,000 b/d.
    Focus: OPEC’s monthly oil market report, China data and EIA's stock and production report all due Thursday. Surveys pointing to a ninth weekly stock draw. First key level of support on Brent at $66.8/b (chart)

    HG Copper has steadied after technical selling took it back to support at $3.18/lb. A stronger dollar, lower oil prices and long-liquidation combined with a big drop in Aluminum seen as drivers. Support at $3,18 and $3,14/lb
    Focus: Thursday's deluge of Chinese data including GDP, retail sales, industrial production and fixed asset investments.
    Read the Squawk
  • Article / Monday at 8:44 GMT

    COT: Oil longs, grain shorts and pace of gold buying hits record

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Oil longs, grain shorts and pace of gold buying hits record
    Hedge funds increased bullish bets across 25 major commodities futures by 13% to 1.7 million lots in the week to January 9. Once again the buying was concentrated in crude oil and gold. Short-covering in sugar and coffee supported a net purchase of soft commodities while bearish bets on key crops reached a new record.
    Read the article
  • 2d
    Alan M Alan M
    Thanks Kay, glad your back!
    17h
    Kay Van-Petersen Kay Van-Petersen
    Thanks for you comments Alan M, very much appreciated.

    Hope you & the family had a good break. All the best for 2018.