Ripples's Commodity Blog

Friday, 19 February 2016

Thursday, 18 February 2016

Wednesday, 17 February 2016

US crude futures rebounded on Wednesday on investor hopes a deal between Saudi Arabia and Russia to freeze oil output at January levels would lead to a wider pact among producers that could eventually see production cuts to support prices. US crude had risen 24 cents to USD29.28 a barrel by 0033 GMT, after ending the previous session down 40 cents.

Read more at: http://www.moneycontrol.com/news/commodities/us-crude-reboundsinvestor-optimism-over-oil-producers-deal_5519121.html?utm_source=ref_article

Tuesday, 16 February 2016

Monday, 15 February 2016

Friday, 19 February 2016

currency market, the yen regained its edge, rising to 112.93 per dollar JPY from this week's low of 114.875.

www.ripplesadvisory.com 9039089370

Nikkel .N225 dropped 2.2 percent as the yen firmed, but remained on track for a weekly gain of 5.9 percent.

SPDR Gold Trust, the world's top gold ETF , rose 0.38 percent to 713.63 tonnes on Thursday.

Brent crude extended losses on Friday, last trading down 0.8 percent at $34.02 per barrel, but is up 2 percent for the week.

Spot gold eased 0.2 percent to USD 1,229.84 an ounce by 0045 GMT, after gaining 2 percent on Thursday.

Thursday, 18 February 2016

Stock markets also firmed in Europe after a positive session in Asia overnight and as benchmark Brent crude oil prices rose 1 percent. Sharp losses in oil and stocks drove gold to a one-year high at $1,260.60 an ounce last week.

Silver was up 0.1 percent at $15.30 an ounce, while platinum dropped 0.2 percent to $940.60 and Palladium gained 0.2 percent to $512.20.

The dollar edged down 0.2 percent to 113.85 yen. The euro nudged up 0.1 percent to $1.1142.

Crude oil remained the main market driver. U.S. crude was up 1.7 percent at $31.19 a barrel following a 7 percent jump on Wednesday after Iran voiced support for a Russia-Saudi-led move to freeze production to deal with the market glut that had pushed prices to 12-year lows.

Oil prices also gained support after U.S. crude stocks unexpectedly fell by 3.3 million barrels last week to 499.1 million, data from the American Petroleum Institute showed on Wednesday.

Brent futures added 42 cents to $34.92 a barrel by 0409 GMT, having closed 7.2 percent higher in the previous session after hitting an intraday high of $34.99.

U.S. crude rose 60 cents to $31.26 a barrel, having finished 5.6 percent higher in the previous session after touching a high $31.49.

Spot gold had fallen 0.2 percent to $1,206.99 an ounce by 0034 GMT, after gaining 0.7 percent on Wednesday.

Wednesday, 17 February 2016

The Indian rupee opened lower by 12 paise at 68.49 per dollar versus 68.37 Tuesday.

U.S. dollar restrained at 96.871 against a basket of currencies. It was steady on the yen at 114.05, after finding support around 113.60.

U.S. crude had risen 24 cents to $29.28 a barrel by 0033 GMT, after ending the previous session down 40 cents.

Tuesday, 16 February 2016

Brent crude for April delivery was up $1.21 at $34.60 a barrel. It rose as high as $34.72, the highest level since February 5, after rising 11 percent on Friday.

U.S. crude was up $1.43 at $30.87 by 0330 GMT as the market reopened following a shortened holiday session. The contract rose by as much as $1.50, or 5.1 percent, to $30.94, the highest since February 8, building on Friday's more than 12 percent surge.

U.S. gold futures also fell, hitting a session low of $1,191.50. Silver dropped more than 1 percent.

Spot gold fell 1.5 percent to $1,191.40 an ounce by 0415 GMT, after earlier hitting a session low of $1,190.40. The metal slid 2.3 percent on Monday, its biggest slump since July.

Monday, 15 February 2016

Brent oil for April delivery soared $3.30, or 10.98%, on Friday to close the week at $33.36 a barrel. A day earlier, Brent futures dipped 78 cents, or 2.53%.

Open 37,620.00

High 37,620.00

Low 36,979.00

GOLD

Open 29,302.00

High 29,302.00

Low 28,854.00

NATURAL GAS

Open 133.00

High 133.30

Low 132.80

ALUMINIUM

Open 103.00

High 103.30

Low 103.00

COPPER

Open 308.20

High 312.25

Low 308.20

London Brent crude for April delivery LCOc1 was down 45 cents at $32.91 a barrel by 0032 GMT (7 p.m. ET on Sunday). It jumped $3.30 on Friday after the United Arab Emirates' energy minister was quoted as saying that OPEC members are ready to cooperate on an output cut.

copper on the London Metal Exchange had climbed 1.8 percent to $4,584 a tonne by 0108 GMT, extending a 1.2-percent gain from the previous session that still saw prices end in the week down by more than 2 percent.