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  • Oil volatile after a week of mixed messages, US inflation bad news for gold

    From marketpulse.com

    Oil prices are recovering slightly after a volatile week amid conflicting commentary from key members of the OPEC+ alliance. From a “watch out” warning from the Saudi Energy Minister to a suggestion that the group will not cut output next weekend, traders have been left a little confused as to what we can expect. It may be that Saudi Arabia wants to keep traders on their toes but to make these comments and not follow through could be perceived as weak and see prices drift lower again. Unilateral action may not pack the same punch as a group cut, although you wouldn’t put it past them. Gold hit by stronger US ... (full story)

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    Rotary Rig Count - 5/26/2023

    From bakerhughesrigcount.gcs-web.com|May 26, 2023

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    Emerging US Debt Deal Would Raise Limit, Cap Spending for Two Years

    From finance.yahoo.com|May 26, 2023|1 comment

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    US natgas futures fall 4% to two-week low on lower demand forecast

    From boereport.com|May 26, 2023

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    From argusmedia.com|May 26, 2023

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    China's yearly natgas use logs first decline in over three decades - EIA

    From channelnewsasia.com|May 26, 2023

    China's natural gas consumption and LNG imports dropped in 2022 as a result of lower economic growth and higher gas prices, marking the first annual decline in consumption since ...

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  • Posted: May 26, 2023 1:35pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 204
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