Oil prices stall at 2.5-year highs, gold eyes Fedspeak

Businessam StaffJanuary 8, 2018

Benchmark commodity prices have made little progress since setting prominent highs mid last week. Crude oil prices will look to the weekly API inventories report as well as the short-term outlook report from the EIA for their next lead. Meanwhile, gold prices may face a bit of selling pressure if upbeat remarks from Fed officials highlight the disparity between officials’ rate hike outlook and […]

Oil, metals rally supports Asian stocks, dollar steady

Businessam StaffDecember 27, 2017

Oil prices were supported around a 2-1/2 year top on Wednesday after an explosion of a Libyan crude pipeline sparked supply fears while gold and copper hovered near multi-week highs, boosting commodity- and energy-linked shares around Asia. Trading was generally thin across the board in a holiday-shortened week. MSCI’s broadest index of Asia-Pacific shares outside […]