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  • Editor’s Picks / Yesterday at 1:22 GMT

    South Korea agrees on projects worth billions for post-sanctions Iran

    Nikkei Asian Review
    South Korea and Iran are set to pursue joint projects involving energy, railways and other infrastructure totalling $37.1bn as part of economic cooperation agreed on between the countries' presidents. “Seoul will re-establish investments and expand bilateral trade to help Iran quickly rebuild its economy and achieve growth,” said President Park Geun-hye following a summit with her counterpart in Tehran. The countries look to bolster their economic activities following the lifting of sanctions on Iran. Park is the first South Korean president to visit Iran since 1962. China's Xi Jinping has already visited Iran, and Japan's Shinzo Abe is mulling a trip this year. South Korea hopes to capture the country's demand for infrastructure first to get a leg up on Japan.
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  • 21 April
    Arsh Arsh
    WTI - Oil - June 2016
    21 April - Sell @ 44.2 - TP1 42.8 - TP2 42.1
  • Editor’s Picks / 18 April 2016 at 22:28 GMT

    Dashed oil deal hopes may signal end of commodities rebound

    Nikkei Asian Review
    Buoyed by the highest oil prices in four months and improving data from China, particularly over the past month, there has been a rally in prices for mined commodities, although this had stalled because of continued gloom about the oil sector. These price rises have bolstered the share prices of the world's largest mining companies. But there are now growing questions about whether the rally can last. Goldman Sachs noted that currency movements have exaggerated the commodities price rally, particularly recent weakness in the US dollar. Most analysts believe that the commodities complex remains under pressure, mainly from oversupply rather than a lack of demand.
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  • Article / 18 April 2016 at 14:44 GMT

    Oil selloff could have been worse after Doha failure

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil selloff could have been worse after Doha failure
    The oil markets dropped today in reaction to the failed Doha meeting. But some may ask why the selloff wasn’t any steeper. The rebalancing of the oil market is well under way, with or without support from the Doha participants. Extreme positioning poses a short-term downside risk, not least if Saudi Arabia turns its oil weapon on Iran in a fight to maintain its market share.
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    18 April
    matsuri matsuri
    I expected today the oil price at 37, not 41 as it is at the moment. And it is true, oil price is not dependent on OPEC...it...
    21 April
    Arsh Arsh
    WTI - Oil - June 2016
    21 April - Sell @ 44.2 - TP1 42.8 - TP2 42.1
  • Trade view / 13 April 2016 at 11:27 GMT
    Short term

    Buck the trend on the Canada buck

    FX Consultant / IFXA Ltd
    Canada
    If the Bank of Canada emits a dovish tone at today's meeting, USDCAD should correct higher and quickly. A disappointment from this weekend's meeting of oil-producing nations in Doha would also send the cross higher.
    Read the Trade View
    15 April
    Philidor Philidor
    Here's my take:

    If no deal whatsoever, and crude collapses on the open as you outline, my position is fine. I'll be holding spot profit for 33%, and...
    15 April
    Michael O'Neill Michael O'Neill
    Good analysis-My only major issue was the 30 day call. If it works for you, it works for me. Good luck, I hope its a...
    15 April
    Philidor Philidor
    You too!
  • Article / 13 April 2016 at 9:28 GMT

    Oil increasingly priced to perfection, but is it?

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Oil increasingly priced to perfection, but is it?
    Crude oil prices — Brent as well as WTI — climbed yesterday above their 200-day moving averages for the first time since July 2014 on hopes for a production-freeze deal this weekend in Doha. The rally means oil is increasingly priced to perfection ahead of today's US inventory report. But nothing is ever perfect in the oil markets.
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    13 April
    John Roberti John Roberti
    Dear Ole,

    I am more than lost with market reactions! The decline in US production is about 10 or 20 thousand barrels per days if I read...
    13 April
    John Roberti John Roberti
    While I wa
    13 April
    John Roberti John Roberti
    While I was writing the NYWTI went down 40 cts making the differential between ICE and NY more in line.sorry