Fuel & Oil Update – 21 April
Thursday saw Crude Oil prices retreat to a three-week low, trading at $80.87 a barrel, down 2.5% sparked by the growing fears of inventories reaching capacity and unceasing recession angst.
Metals Update – April 21 2023
Copper prices have taken a hit and are poised for a weekly decline, as fears of a possible American recession weigh on demand for the metal…
Metals Report
Are you looking for insights and predictions to help you navigate the volatile metals market? Look no further than our report on the state of the global metal industry.
Fuel & Oil Report
Are you looking for insights and predictions to help you navigate the volatile fuel market? Look no further than this comprehensive report on the state of the global oil industry…
Fuel & Oil Update – 6 April
On Monday, Brent crude oil surged by $5 per barrel to trade near $85 per barrel, increasing almost 6% after Saudi Arabia and other OPEC+ producers announced new production cuts.
Fuel & Oil Update – 24 March
Earlier this week, crude oil prices rebounded more than 2% following a drop to a 15-month low on the previous day, as Credit Suisse’s rescue mitigated worries of a banking crisis that could harm economic growth and reduce fuel consumption.
FX Update 23 March 2023
Things were looking positive for the UK last week as Chancellor Hunt’s budget was well received and the Pound continued to rally of recent lows. The Chancellor’s first budget focussed on getting people back into work and boosting business investment. Alongside this…
Fuel & Oil Update March 2023
Industry commentators predict that oil prices will increase throughout 2023 due to rising demand in China. Data analytics firm Refinitiv has forecasted a Brent crude rise to above $100 per barrel by the end of the year, while others have predicted increases between March and May, a time oil prices usually rise.
FX Update 8 March 2023
The UK economy was given a GDP downgrade by the IMF on Tuesday. Previous estimates expected the UK economy to grow during 2023, however this has now been revised down to a 0.6% contraction. The IMF…
Metals Update – Feb 17 2023
Last week was quiet on the data front, reflected in the rates, as GBP traded within a tight range. GBP/USD touched 1.2344, the…