brent crude oil chart

Summary:

  • Fears of a global recession are expected to dampen energy demand.
  • Aggressive Fed prospects driving silver demand down.
  • Hot weather conditions affecting corn growing prospects.

Read next: Aggressive Fed Increases The Opportunity Cost OF Holding Silver, WTI Crude Oil Prices, Corn: Traders Weigh Weak Demand & Tight Supply 

Concerns around demand driving Brent Crude Oil Prices down

Brent Crude Oil futures fell during Monday trading after posting a loss last week in volatile trading in the wake of fears around a global recession and new COVID 19 virus restrictions in China, both of which outweighed fears around supply. Fears of a global recession are expected to dampen energy demand and continue to rule over market sentiment as major central banks continue to fight inflation through aggressive monetary policy interest rate hikes. In addition, a new omicron variant of COVID-19 has been discovered in Shanghai and has heightened fears of further restrictions. At the same

WTI & Brent Crude Oil – How Will Inflation Impact Prices?

WTI & Brent Crude Oil – How Will Inflation Impact Prices?

Sebastian Bischeri Sebastian Bischeri 15.12.2021 16:37
  Once inflation is set free, it never returns to the previous state. The fight requires fast thinking, but major banks still sit on the fence. On the global economic scene, major central banks still don’t really know which pedal to use - either the one to fight inflation (tapering) or the other one to keep taking their shoot of quantitative easing (money-printing) policies. Inflation, however, is like toothpaste: once you got it out, you can’t get it back in again. So, instead of squeezing the tube too strongly, both the Federal Reserve (Fed) and the European Central Bank (ECB) are likely to maintain an accommodating tone this week, which could eventually benefit the price of black gold. Crude oil prices were looking for a direction to take on Tuesday, after mixed reports emerged, one rather pessimistic on global demand (published by EIA) and the other, more optimistic over sustained demand, from the OPEC group. Indeed, the first report came from the International Energy Agency (IEA) on Tuesday morning. It slightly lowered its forecast of world oil demand for 2021 and 2022, by 100,000 barrels per day on average, mainly to consider the lower use of air fuels due to new restrictions on international travel. The second one, from OPEC, stated on Monday in a more optimistic bias that the cartel has indeed maintained its forecasts for global oil demand in 2021 and 2022. It estimated that the impact of Omicron should be moderate and short-term since the world is becoming better equipped to face new variants and difficulties they may cause. Therefore, while the prospect of possible travel restrictions and new lockdowns worries investors, the American Petroleum Institute (API) reported on Tuesday a drop in commercial crude reserves of 800,000 barrels last week. On the geopolitical scene, growing tensions between Russia and the West over the conflict in Ukraine are contributing to escalating gas prices, given that a third of European gas comes from Russia. WTI Crude Oil (CLF22) Futures (January contract, daily chart, logarithmic scale) Brent Crude Oil (UKOIL) CFD (daily chart, logarithmic scale) Henry Hub Natural Gas (NGF22) Futures (January contract, daily chart, logarithmic scale) In summary, we can witness more volatile markets than usual for the month of December. Even though this could be accentuated by the end-of-year adjustment operations among traders, some uncertainties with central banks’ monetary policies remain and are certainly weighing on the financial markets, especially in the inflationary context. Thus, the week ahead could be an interesting one for both the black gold and the greenback. Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Sebastien BischeriOil & Gas Trading Strategist * * * * * The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Eurozone PMI Shows Limited Improvement Amid Lingering Contraction Concerns in September

U.S bond Yields vs Gold Futures, Volatility In The Price Of Coffee, Brent Crude Price Falls

Rebecca Duthie Rebecca Duthie 25.04.2022 16:22
Summary: Coffee futures prices are being affected by the ongoing Russia-Ukraine war. Brent Crude Oil Prices falling despite ongoing uncertainties with the Russia-Ukraine conflict. Gold futures prices falling as the US bond yields change once again. Coffee futures prices showing volatility. The futures price for coffee has fallen 2.11% since the market opened this morning. The uncertainty of the Russia-Ukraine war with no sign of slowing, has had an adverse effect on the price of coffee futures over the last while, this is represented in the graph below. There are concerns about growth and therefore supply with the Russia-Ukraine conflicts and in addition the poor rainfall in Brazil this year continues to raise concerns about supply, however the demand is also decreasing as a result of the conflicts. This relationship could be causing the volatility in this commodity. Coffee Jul ‘22 Futures Prices Is the Price of Brent Crude Oil Finally Falling? Since the market opened this morning, the price of Brent Crude Oil has fallen by almost 5%. The weakening of the price comes despite the Russia-Ukraine war uncertainties and the post-covid world economy reopening. Occasionally the price of Brent Crude is adversely affected as the US Dollar strengthens, seeing as the Fed increased the U.S yields again for the seventh consecutive week, the US dollar saw more strengthening on the market today, this could be a possible reason for the price fall in Brent Crude. Brent Crude Oil Price Chart   Read next: (XAGUSD) Price of Silver Vs. U.S Yields, Lumber and Corn Futures Dependent on Demand and Supply    Gold prices affected by US Yields once again. This time last week gold futures had hit their high for April, however since the market opened this morning, the price has fallen by 1.96%, and is 5% down from its 18 April high. Normally gold is used as a hedge against inflation, however since the US yields increased again, the opportunity cost of holding gold and not bonds increases, driving the price of gold down further. This commodity is one to watch especially if the Fed continues to be hawkish. Gold Futures Price Chart Sources: Finance.yahoo.com, dailyfx.com, ndtv.com   Read Next: Unexpectedly Gold Price (XAUUSD) Falls, Canada And Chicago - Weather Makes Wheat Futures Fluctuate. The Price Of Palladium - Industrial Activity Is Taking Strain   
Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again

Rebecca Duthie Rebecca Duthie 29.04.2022 14:42
Summary: Despite the earnings of Chevron and Exxon not meeting expectations, the price of Brent Crude Oil continues to rise. Cotton futures prices rise as farmers begin to hoard. Gold prices on the rise again amidst worrying U.S GDP numbers. Brent Crude Oil price increase continues. The week started off poorly for the Brent Crude Oil stocks, but have since then risen substantially. Despite the earnings report of energy sector giants Chevron and Exxon falling short of investor expectations, the price of Brent Crude Oil still saw price rises over the past 24 hours. The price increase comes with the West continuing to move away from Russia for their oil supplies and therefore the concerns around supply continue. Brent Crude Oil Price Chart Read next: Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.   Cotton futures may continue to be bullish. The Price of cotton futures continues to rise amidst China's lockdowns as concerns about crop planting and adverse weather conditions rise. With China being one of the major suppliers of cotton worldwide and therefore future supply concerns pushing the price up, as well as farmers hoarding their cotton in hopes the future prices will increase the commodity prices are likely to continue this bullish trend. Cotton Futures Jul ‘22 Price Chart Gold Futures on the rise again. Gold Futures rose on Friday as worrying U.S economic data sent investors seeking the gold safe-haven investment. US GDP came out as disappointing, meaning that pressure could be taken off the Fed to continue on its hawkish monetary pursuit, begging the question of whether fighting the inflation is worth dragging the economy into a recession. Gold Futures Price Chart Read next: Natural GAS (NGAS) and RBOB Gasoline’s (RB) May Futures Expected To Increase Further In 2022. Copper (HG) Prices Also Forecasted To Increase.   Sources: Finance.yahoo.com, economictimes.indiatimes.com 
Russia's Active Production Cuts Could Be Grounds For A Bullish Shock

Brent Crude Oil Price Continues To Dive, Silver Struggling To Hold Its Price Position & Corn Prices Soaring.

Rebecca Duthie Rebecca Duthie 03.05.2022 14:58
Summary: Brent crude oil faces production problems around the world. Silver prices have been driven down by the US Dollar rally. Corn Futures are expected to remain elevated. Brent Crude Oil prices heavily affected by China's lockdowns. Over the past week we have seen the price of Brent Crude Oil fell amidst the lockdowns in China. The effect the lockdowns have had on the macro economy have been big, this price fall comes despite the warnings of production problems. There is currently a production problem with crude oil worldwide. April saw Russia’s production fall by almost 1 million barrels. The problems in the supply chains, the war and the lockdowns in China are all causing huge market volatility. Brent Crude Oil Price Chart   Read next: Gold (XAUUSD) Prices Fall As U.S Yields Rise, Wheat Prices Facing Pressure, Palladium Prices In Recovery! - Commodities Today.   Silver Prices struggling to fight against the current US Dollar rally. After seeing a dip in price on Monday, the price of silver futures seem to be somewhat recovering. One of the dominant drivers of the silver price is investor demand, seeing as it is considered a safe-haven asset that is mainly used by manufacturers of goods. The US Dollar continued to rally this past week, which is increasing the opportunity cost of holding silver, driving demand and prices down. Silver Futures Price Chart Corn Future Prices expected to stay elevated. The price of corn futures saw large increases earlier this week, this comes as a result of the poor harvest in Latin America for this season, and war in the Ukraine putting pressure on supply chains and supply. Corn is up by 37% year-to-date. The prices are expected to stay elevated for some time to come. Corn Futures Price Chart   Read next: Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again    Sources: finance.yahoo.com
The Commodities Feed: First US crude draw this year

WTI Crude Oil Prices Soaring Today Amidst The EU Announcing Their Plans To Ban Russian Oil Imports.

Rebecca Duthie Rebecca Duthie 04.05.2022 13:11
Summary: Major concerns around supply of oil. EU to cut demand for all Russian energy imports within a year. Read next: (HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!  Crude Oil Prices Continue To Surge. The ongoing lockdown in China caused the prices of crude oil to fall, the fall comes despite the production issues around oil. The concerns about supply of oil have become much more serious, according to the International Energy Agency, crude oil demand is meant to increase this year, this outlook remains even taking into account the reduction in demand as a result of the extended lockdowns in China. The concerns around supply have outweighed the fall early this week, especially after the EU’s intentions to stop imports of Crude Oil from Russia within 6 months, and all energy within 1 year. European Union’s plans to ban Russian Crude Oil Imports. The European Union announced their plans to ban imports for Russian crude oil within the next 6 months, the announcement pushed the price of WTI crude oil up by almost 4%. This move comes in an attempt to cut off Russia from the EU and by doing so, starve their economic reserves which are currently funding Russia’s invasion of the Ukraine. WTI Crude Oil Futures Price Chart. Read next: (TWTR) Twitter Share Price Down After Musk Takeover Gets Approved.  Sources: finance.yahoo.com, barrons.com
OPEC+ Are Expected To Keeping Oil Production Unchanged, AUD/USD Trades At Its Highest Levels

Prices Of Brent Crude Oil And Silver Fall As The US Dollar Strengthening, Corn Prices Face Downward Price Pressure.

Rebecca Duthie Rebecca Duthie 09.05.2022 15:35
Summary: Brent crude oil prices are seeing some decline. Silver prices face downward pressure amidst the US Dollar Strengthening. Corn prices fall amidst worries about falling demand. Read next: (XAUUSD) Gold, Coffee and Crude Oil - Commodities Facing Price Trouble Over the Past Month  Brent crude oil price falls. The price of oil has fallen on Monday amidst concerns around the strengthening US Dollar which hit a two-decade high, making holding oil more expensive for other currencies. The lockdowns in China have raised concerns around the demand for oil from the world's biggest importer. In addition the world's biggest oil exporter, Saudi Arabia, lowered the prices of crude for Europe and Asia in June. All of these factors have resulted in the price of Brent Crude Oil falling. Brent Crude Oil Futures Price Chart   Read next: What Is (DYDX)? dYdX Cryptocurrency Supporting Perpetual Trading - Altcoins of Interest | FXMAG.COM    As US yields increase, silver's value falls. The price of silver has been falling over the past week. The price fall comes as the Fed continues with their hawkish attitude. Silver is used as a hedge against inflation, with the Fed increasing the US yields in an attempt to fight inflation, the opportunity cost for holding silver increases. Investors are selling their silver and turning to investments where they can yield a higher return at the same level of risk i.e. US treasury bonds. Silver Jul ‘22 Futures Price Chart Corn prices facing downward price pressure. On monday the price of Corn futures had fallen by almost 1%, there has been a downward price trend for corn futures over the past week. There are still concerns around the lack of supply for corn all over the world, however, with the lockdowns in China, concerns around falling demand have risen. Last week the amount of traders who shorted corn outweighed those who chose to go long, indicating they expected the price to drop. Corn Jul ‘22 Futures Price Chart Read next: Soybean Prices Reached Almost Record Prices, Platinum Investors Turning To New Suppliers, Copper Prices Struggling To Recover.  Sources: Finance.yahoo.com, cnbc.com, reuters.com, barchart.com
Powell signals Fed needs to be nimble, Canada Inflation hits near 40-year high, bitcoin tries to hold USD20k

Some EU Governments Are Still In Favour Of Banning Russian Brent Crude Oil, Investors Turning To Silver As Demand For Safe-Haven Assets Rise, Corn Prices Fall Amidst Easing Supply Concers

Rebecca Duthie Rebecca Duthie 30.05.2022 15:52
Summary: Lockdowns in China ease causing demand for Brent Crude to rise. Silver prices increase as market participants seek safe-haven assets. Supply concerns around corn are easing. read next (XAUUSD) Gold Prices Rose For Second Consecutive Week, Concerns Around Crude Oil Supply Continues To Drive Price, Soybean Prices Rising  Brent Crude Oil prices continue to rise The combination of Beijing and Shanghai beginning to come out of Covid-19 restrictions over the weekend and the ongoing European discussions regarding banning crude oil imports from Russia are causing concerns around supply to tighten. On Monday and Tuesday an EU governments will use a summit to continue to argue in favour of an embargo on Russian crude. The prices of Crude oil are going into their sixth straight month of gains amidst the supply concerns, as demand begins to rise back up to pre-pandemic levels. Brent Crude Oil Price Chart Silver prices are still on the rise A weaker US Dollar continues to give room for the price of silver to rise. Amidst continuing geopolitical tensions and growing concerns regarding slower global growth, investors are turning more towards safe-haven assets. Silver is considered to be a hedge against inflation, the Fed is still expected to tighten monetary policy by raising interest rates further at their next two meetings. Silver Jul ‘22 Futures Prices Corn prices are falling The price of corn futures fell late in May, to the lowest value in almost six weeks amidst expectations of higher supply and the easing of trading restrictions between major producers. Beijing and Brazil reached an agreement to begin corn exports from Brazil to China, after years of talks. In addition, actual planting of corn exceeded market expectations. The easing of supply concerns is slowly driving the price of corn futures down. Corn Jul ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

Saudi Arabia Hike Brent Crude Oil Prices, Demand For Safe-haven Assets Is Supporting Silver Prices, Corn Prices At 8 Week Lows

Rebecca Duthie Rebecca Duthie 06.06.2022 13:12
Summary: Saudi Arabia hiked their crude oil prices for July. Hopes of higher corn supplies thanks to hopeful USDA reports and easing trade restrictions between the major producers. Increased demand for Silver as a safe-haven asset drives the prices up. Read next: Saudi Arabia Indicates Plans To Increase Their Oil Output (EUR/USD), ECB Plans To Start Tightening Monetary Policy Still Set For July (EUR/GBP), (USD/JPY, USD/CHF)  Brent Crude oil prices surge as Saudi Arabia Increase prices On Monday Saudi Arabia hiked their crude oil prices for July, driving the price of Brent crude oil up to almost $121 per barrel. This move tightened global supplies even after OPEC+ agreed to increase its output at a faster pace in the coming months. The premium for the barrels heading to the U.S remained steady, whilst the premiums for the barrels heading for Asia and Northwest European countries were raised by Saudi Arabia. Despite OPEC+ promises to increase its output by 50% than previously planned, there are still doubts around whether or not they can meet the demand as member countries are struggling to meet the demand. The price rise and the demand and supply concerns are happening in the peak of the U.S driving season and increased demand as China comes out of its Covid-19 lockdowns, and their economy starts again. Brent Crude Oil Futures Price Chart Silver prices rise again The price of silver reached the highest in a month, this comes in the wake of increased demand for the safe-haven asset. The increased demand is being caused by continuing geopolitical tensions, inflation and persistent concerns around slowing global growth. Silver Jul ‘22 Price Chart Corn prices low Corn futures are trading at eight week lows on Monday amidst strong hopes of higher supplies thanks to hopeful USDA reports and easing trade restrictions between the major producers. With planting progress strong and expectations for exports to resume from the Ukraine, prices are dropping. In addition, Brazil and Beijing came to a conclusion regarding beginning exports from Brazil to China. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Gold Has A Chance For The Rejection Of The Support

Rising Interest Rates Are Inhibiting The Demand For Gold And Silver, Concerns Around A Recession Are Driving Brent Crude Oil Prices Down

Rebecca Duthie Rebecca Duthie 24.06.2022 12:25
Summary: Aggressive central banks inhibiting metal demand. Fears of a slowing economy are sending brent crude oil into its second consecutive week of declines. Read next: Demand Is Decreasing For Platinum, RBOB Gasoline, Supply Concerns Around Wheat Are Easing  Demand for gold declining as interest rates rise Gold futures declined on Friday and were set to decline for their second consecutive week in the wake of stronger expectations that major central banks will continue to raise interest rates aggressively in an attempt to control inflation, which subdued the demand for metals. The Chairman of the Federal Reserve, Jerome Powell reiterates that his commitment to fighting 40-year high inflation is ‘unconditional.’ Gold is usually viewed as a hedge against inflation and as a safe-haven asset during times of economic crisis, however as interest rates rise, so too does the opportunity cost of holding gold. Gold Aug ‘22 Futures Price Chart Brent Crude Oil facing second consecutive week of declines Brent Crude is on track to decline for the second straight week on Friday in the wake of concerns around aggressive monetary policy tightening and the effects it will have on the global economy and the demand for oil. US manufacturing and services PMIs released on Thursday came in well below expectations which increased fears of a slowing US economy. In addition, investors are remaining cautious amidst signs that global crude oil and fuel supply remains tight. Brent Crude Oil Futures Price Chart Silver prices on the decling As the Federal Reserve and other major central banks continue to rise interest rates in an attempt to tackle rising inflation and risking a global recession, the price of silver is falling. Silver is usually viewed as a hedge against inflation and as a safe-haven asset during times of economic crisis, however as interest rates rise, so too does the opportunity cost of holding silver. Silver Jul ‘22 Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

G7 Leaders Discussed A Price Cap On Russian Brent Crude Oil, China Eases Covid-19 Restrictions, Corn Prices Are Trading At 2 Week Lows

Rebecca Duthie Rebecca Duthie 27.06.2022 12:50
Summary: G7 leaders discussed a price cap on Russian oil. Fears of a recession eased in the wake of China’s easing of lockdown restrictions and testing measures. Recession prospects weighing on demand for corn. Read next: Rising Interest Rates Are Inhibiting The Demand For Gold And Silver, Concerns Around A Recession Are Driving Brent Crude Oil Prices Down  Prospects of tighter supply of Brent Crude oil weighed on markets Brent Crude prices are sitting at around $113 on Monday as recession fears put downward pressure on Brent prices. In addition, traders are monitoring any news from the G7 summit which is taking place in Germany ahead of talks between the US and Iran to revive the nuclear deal made in 2015. G7 leaders discussed a price cap on Russian oil, which will work through the imposition of restrictions on both shipping and insurance and allowing only the transportation of Russian crude and petroleum products that are sold below an agreed threshold. However, the thought of even more supply tightness weighed on the market, with the G7 leaders still determined to find ways to cut Russia's war against Ukraine Funding. Brent Crude Oil Price Chart Silver prices bounce back Silver prices bounced back somewhat on Monday as fears of a recession eased in the wake of China’s easing of lockdown restrictions and testing measures. However, silver prices remain under threat from further monetary policy tightening, with both the Federal Reserve and the European Central Bank (ECB) expected to raise interest rates further. Silver Jul ‘22 Futures Prices Corn Prices at 2 week lows Corn is trading at 2 week lows on Monday, as favourable weather and weaker demand prospects weighed on prices, temporarily turning the attention away from war disruptions at Black Sea Ports. Fears of demand come from recession prospects. Corn Dec ‘22 Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com
US and European Equity Futures Mixed Amid Economic Concerns and Yield Surge

Recession Fears Are Affecting Brent Crude Prices, Silver Price vs A Hawkish Federal Reserve, Corn At 8-Week Highs

Rebecca Duthie Rebecca Duthie 11.07.2022 16:00
Summary: Fears of a global recession are expected to dampen energy demand. Aggressive Fed prospects driving silver demand down. Hot weather conditions affecting corn growing prospects. Read next: Aggressive Fed Increases The Opportunity Cost OF Holding Silver, WTI Crude Oil Prices, Corn: Traders Weigh Weak Demand & Tight Supply  Concerns around demand driving Brent Crude Oil Prices down Brent Crude Oil futures fell during Monday trading after posting a loss last week in volatile trading in the wake of fears around a global recession and new COVID 19 virus restrictions in China, both of which outweighed fears around supply. Fears of a global recession are expected to dampen energy demand and continue to rule over market sentiment as major central banks continue to fight inflation through aggressive monetary policy interest rate hikes. In addition, a new omicron variant of COVID-19 has been discovered in Shanghai and has heightened fears of further restrictions. At the same time, market participants remain unsure about the western nations plans to cap Russian oil prices as Russian President Vladimir Putin warned that further sanctions could lead to "catastrophic" consequences within the global energy market. Brent Crude Oil Futures Price Chart Silver prices hover around $20 per ounce Silver prices are still sitting around the $20 per ounce mark, a level that has not been seen since July 2020. The price drop comes in the wake of stronger bets of a more aggressive Federal Reserve to increase interest rates in an attempt to reign in sky-high inflation. Silver is normally used as a hedge against inflation, however as treasury yields rise, the opportunity cost of holding silver rises. Silver Sep ‘22 Futures Price Chart Corn futures rose to 8-week highs Corn Futures have risen on Monday to 8-week highs and not far from the 10 year high hit in April. The price rose in the wake of concerns around tighter supplies amid an already short supply market that has been caused by the Russia-Ukraine war. Hot weather conditions in the US and European growing belt have nullified the price drop during the last trading week. At the same time, Chinese import demand also increased. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com

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