Global Glut As Crude Oil Declines

Last Updated On February 21, 2017 6:57 PM by Neal Bhai

Gold Silver Reports – Oil fell, erasing an earlier gain, as a global glut outweighed an increase in tension between Saudi Arabia and Iran.
The Saudi government cut ties with Iran following an attack on its embassy in Tehran by demonstrators protesting the execution of a prominent Shiite cleric. Prices last week capped the biggest two-year loss on record amid speculation a global glut will be prolonged as U.S. crude stockpiles expanded and the Organization of Petroleum Exporting Countries abandoned output limits.

China’s Unsated Thirst for Crude

Last Updated On February 22, 2017 5:50 AM by Neal Bhai

Gold Silver Reports – China’s insatiable appetite for crude is at least one thing oil bulls can count on this year.

The world’s biggest commodity consumer may buy 8 percent more oil from overseas in 2016, taking average purchases to 7.2 million barrels a day, according to the median of seven respondents in a Bloomberg survey including FGE and Energy Aspects Ltd. The country’s inbound shipments in the first 11 months of last year increased 8.8 percent to 6.63 million barrels a day and touched a monthly record of 7.4 million in April, customs data show.

Gold Buying Expected By China and Russia

Last Updated On September 6, 2025 8:50 PM by Neal Bhai

Gold Silver Reports – For 2016, the pace of rate hike in the U.S will decide the fate of yellow metal’s prices. Also, a rebound in oil prices is expected to underpin gold going forward.

Crude Oil Zoom With Energy Stocks

Last Updated On February 22, 2017 5:50 AM by Neal Bhai

Gold Silver Reports – Crude oil surged after Saudi Arabia cut diplomatic ties with Iran amid escalating tension between the regional powers, buoying energy shares. Japanese equities slid as the yen held near the highest in more than two months, while U.S. equity-index futures advanced.

Commodities Market in 2016

Last Updated On September 26, 2025 5:48 AM by Neal Bhai

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Gold Silver Reports – Markets have stepped into a new year barely recovering from the damages suffered in 2015. Most commodities are stll scraping the bottom, while markets are wondering where the silver line is.

Year 2016 will unquestionably unfold a lot of events but at the outset, some prevailing market dynamics will play a crucial role going forward. What are the major forces that will drive the markets in 2015?

Gold Heads For 3rd Annual Loss

Last Updated On October 24, 2025 6:04 PM by Neal Bhai

Gold Silver Reports – Gold was steady on Thursday but poised to mark its third straight annual loss, ahead of what is likely to be another tough year with the prospect of higher U.S. interest rates and dollar strength.