Market Event, Commodities

Oil prices surge following US attack on Iran

Ben Weiss, Friday, 3 January 2020

In the early hours of Friday morning, Trump sanctioned US airstrikes on Baghdad International Airport, killing Iranian general Qassem Soleimani. It seriously escalated tensions between the US and Iran and heavily impacted the markets. Here's what happened.

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Shares, Market Event, Commodities

How the markets reacted to the largest oil disruption ever

Ben Weiss, Monday, 16 September 2019

Brent Crude was up for all the wrong reasons as markets opened late on Sunday evening. Its price was reacting to drone strikes hitting oil facilities in Saudi Arabia, but how else did the markets react to the largest oil disruption ever?

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General, Forex, Commodities

Global Growth Concerns Spill Into 2019

George Walker, Friday, 4 January 2019

Equity markets had a mixed first week to the start of 2019, coming off their worst year in a decade, with weak data in Asia and Europe confirming fears of a global economic slowdown while the U.S. government shutdown drags on.

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Market Event, Commodities, Forex, General

Central Banks Take Centre Stage As Year End Approaches...

George Walker, Friday, 14 December 2018

Wall Street traded over 1000 points lower than the previous month, putting the 'Santa Rally' - an annual rise across markets in the build up towards Christmas - in doubt. The progression of Brexit discussions between the EU and the UK, as well as the ongoing China-US trade dispute are likely to be key market factors, but what else is worth looking out for this week?

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Commodities, Indices, Forex, General

Markets Resilient, Oil Slips...

George Walker, Friday, 30 November 2018

The Bank of England’s view is that Britain risks suffering an even bigger hit to its economy than during the global financial crisis 10 years ago if it leaves the European Union in a worst-case Brexit scenario in four months’ time. Taking all this into account, the UK and German signature Indices were little changed with the stand out weekly performance coming from Wall Street.

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Commodities

Oil under pressure

Michael Baker, Wednesday, 7 November 2018

Oil has been coming under serious pressure in recent times, losing just over 20% in market value in 4 and half weeks. Over the past few months, oil traders were gearing up for further sanctions to hit Iran, in particular, their ability to export oil. Prices have built up but with waivers being granted to big buyers of Iranian oil it seems production being completely strangled has diminished. Couple this with weaker inventories and a surge in US shale production it seems there’s a lot more supply than previously thought.

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