Gold Silver Honeymoon Over, Gold Prices Down – Enjoy Watch Low 31210 – Neal Bhai Neal Bhai Reports — 9582247600 — 9899900589
US President Donald Trump has blamed the Organization of the Petroleum Exporting Countries (OPEC) for high crude prices and called on it to boost output to bring down fuel costs before the US Congressional elections on 6 November.
Rising oil prices are pushing up prices for fuels in Asia, and this is coming at a bad time; many Asian currencies are depreciating as economic growth falters.
Gold Silver Reports (GSR) — WTI Algos Confused Despite Surprise Crude – Senior Energy Analyst Vince Piazza notes that a generous dollop of bad news is good news for the crude market. U.S. sanctions on Iran, Venezuela’s deteriorating economy and other potential geopolitical disruptions will limit supply.
The most popular topic across financial market headlines is the relentless appreciation witnessed in global oil prices after OPEC and Russia squarely rejected Donald Trump’s demand to boost output over the past weekend. Brent Crude has soared to levels not seen since November 2014 when it was.
Gold Silver Reports (GSR) – Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the U.S. sanctions against Iran by the end of the fourth quarter this year, said Daniel Jaeggi, president of commodity merchant Mercuria Energy Trading, making a crude price spike to $100 a barrel possible.
Indeed, traders are increasingly worried that high oil prices and a weakening rupee would force the central bank to raise rates sooner rather than later. The yield on the 10-year bond rose two basis points to 8.18 percent on Tuesday.
Gold Silver Reports (GSR) – Bonds Poised To Fall On Surge In Oil Prices – Indian bonds are poised to fall as a surge in global crude oil prices spurs concern that inflation will accelerate………. Crude Oil prices jumped on Tuesday as the U.S. pressed allies to end all imports of Iranian oil by a November deadline and said it didn’t want to offer any extensions. The 10-year bond yield climbed for a third day yesterday, rising 1 basis point to 7.83 percent……….
Gold Silver Reports (GSR) – US will be Tough on Iran Sanctions, And that Could Sting Consumers — A senior State Department official Tuesday said the U.S. is seeking a reduction in Iranian exports to zero and does not intend to grant any waivers for companies or countries seeking exemptions. President Donald Trump pulled the U.S. out of the Iran nuclear deal, which continues to be supported by Iran and the other parties to it: the U.K., Germany, Russia, China, Italy and France.
Gold Silver Reports (GSR) – Iran Opposes Higher Oil Prices, Signaling Divide With Saudis — Brent crude futures surged to almost $75 a barrel on Friday as traders braced for the possible re-imposition of U.S. restrictions on Iran. The Persian Gulf country’s regional arch-rival Saudi Arabia is said to want crude closer to $80 a barrel, in part to support a stake sale in state energy giant Aramco. The OPEC nations continue to clash in proxy conflicts from Syria to Yemen.