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Oil rallies on Saudi and Russian supply cuts for August
Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to […] This post is only…
Gold slips as stronger dollar, rate hike expectations dent appeal
Gold fell on Monday as a stronger dollar dented the metal’s appeal, with investors awaiting U.S. non-farm payrolls data and minutes of the latest Federal Reserve meeting due later this […] This post is only…
OPEC says oil demand will hit 110 million barrels per day in 2045
Global oil demand will rise to 110 million barrels a day in two decades, bringing the world’s energy demand up 23%, said OPEC. “We see global energy demand increasing by […] This post is only…
Lumber prices rally as market spooked by supply concerns
Lumber prices have jumped in the past month, as wildfires in Canada raise concerns about supply disruptions while healthy U.S. housing starts boost the demand side.Cash prices – what sawmills charge […] This post is only…
B.C. port workers’ strike sparks concern over supply chain, inflation
A strike hitting ports across British Columbia is raising concerns that an extended walkout could have an inflationary impact in Canada as the labour action disrupts supply chains and global shipping.About 7,400 […] This post is only…
Gold climbs as Russia risks outweigh rate hike concerns
Gold climbed on Monday as geopolitical concerns surrounding Russia drew some investors into the safe haven metal, outweighing pressure from a hawkish interest rate outlook.Spot gold rose 0.6% to $1,932.19 per […] This post is only…
Gold Futures Settle Higher (RTMA June 26)
Gold futures settled higher on Friday, rebounding from recent losses, despite the latest round of interest rate hikes by some central banks and hawkish comments from several Fed officials.Gold prices […] This post is only…
Economic Calendar: June 26 – June 30
Monday June 26ECB Forum on Central Banking (through Wednesday)(8:30 a.m. ET) Canadian manufacturing sales for May.(8:30 a.m. ET) Canadian wholesale trade for May.(10:30 a.m. ET) U.S. Dallas Fed Manufacturing Activity […] This post is only…
June 26 RTMA – Crude Oil Chart
Crude oil futures settled lower on Friday on concerns about the outlook for energy demand following a slew of interest rate hikes by central banks and prospects of further tightening […] This post is only…