Crude oil extends losses on China demand concerns, Gaza ceasefire hopes

Crude oil extends losses on China demand concerns, Gaza ceasefire hopes, global supply concerns. China's total fuel oil imports fell 11% in H1. Hopes of a Gaza ceasefire deal that would ease supply concerns are also weighing on crude prices. Crude oil futures settled lower on Friday to extend losses for the week.

U.S. oil rig count rises for third time in four weeks, Baker Hughes says

Harris Or Trump – Defense Stocks Are Winning, Tech Battle, Personal Income Drops, Trump Crypto Push

The market is reaching a consensus that defense stocks are winners irrespective of Trump or Harris winning the election. The consensus is that defense spending is going to go up irrespective of who wins. Trump is good for small caps but Harris is not. The new personal income and spending data for the U.S. Is expected to be positive.

Fed's Favorite Inflation Gauge Falls To 2.5%, Lowest Since February 2021, But Core Remains Sticky: 10 ETFs To Monitor Thursday

U.S. PCE price index falls to 2.5% year-on-year in June, as expected. The Bureau of Economic Analysis also reported lower-than-expected monthly increases in personal spending and personal income. The latest Fed's favorite inflation report showed mixed results for market participants.

Commodity Roundup: UBS's Marcelli sees higher prices ahead despite demand concerns

Deutsche Bank spotlights energy as forecasts point to a strong Atlantic hurricane season

Deutsche Bank spotlights energy as forecasts point to a strong Atlantic hurricane season on record. The financial institution says the gulf coast refineries and offshore rigs are at risk for disruptions. The gulf region accounts for 72% of the country's oil production and 48% of its refining capacity.

U.S. Treasury's Yellen Says Believes We Have Constrained Russian Revenues With Sanctions, Oil Price Cap; U.S. Threat Of Sanctions On Financial Institutions Is Impairing Russia's Ability To Acquire Goods Needed For War Effort

AI Frenzy Cools, Yen Hammers Gold And Bitcoin, First Ever Joint Air Threat From Russia And China

Stronger than expected Q2 GDP data is bringing buying into the stock market. The yen is experiencing a stunning rise against the U.S. Dollar. The Arora Report says investors should not buy on strong GDP data as it is a lagging indicator. The Japanese yen is hammering gold, bitcoin, and oil.

Commodity Roundup: Gold, oil fall as investors turn cautious ahead of U.S. economic data

Brent Holds Critical Support Amid U.S. Inventory Decline

Oil prices have declined over the past four days, but Brent oil remains at a crucial support level. The Chinese government has cut rates to stimulate economic growth following disappointing data. API reported a week-on-week decline in inventories of crude oil in the US. US GDP, PMI and PCE data could play a role in oil price moving ahead.

Electric Vehicles Win The Battle With Humanoid Robots And Robotaxis, The Economy Contracts In Germany

Tesla Inc (NASDAQ:TSLA) stock fell after earnings. The movement in TSLA stock plays a big role in speculative sentiment. Speculative sentiment is taking a hit in the early trade as Tesla stock falls. Investors can gain an edge by knowing when smart money is buying stocks, gold and oil.

Crude inventory fell 3.7MM barrels for week ended July 19 - EIA

Commercial crude stocks for the week ended July 19: 436.5M barrels. Crude inventory fell 3.7MM barrels for week end July 19 - EIA. Futures (CL1:COM) +0.42% at $77.77 a barrel.

How Hurricanes Can Impact The Energy Sector

Hurricanes in the Gulf of Mexico can interrupt offshore energy production, which can be supportive for oil prices. Hurricanes pose a risk to energy assets along the Gulf Coast. Exports and offshore pipelines can be impacted. Refineries may shut down or reduce rates during hurricanes, leading to higher gasoline and diesel prices.

Commodity Roundup: India slashes import tax on gold and silver; copper extends slump

Crude oil posts fourth straight drop with growing concerns about demand in China

U.S. crude stockpiles fell 3.9M barrels last week, API says

U.S. Crude stockpiles fell 3.9M barrels last week, API says. The American Petroleum Institute shows a draw of 3.86M barrels of oil in U.s. Commercial stockpiles for the week ending July 19. The draw is the fourth straight weekly decline in crude oil stockpiles.

Are There Canadian Market Opportunities Hiding In Plain Sight?

Michael O'Brien, Managing Director and Head of the Core Canadian Equity Team at TD Asset Management says some Canadian stocks may be ripe for the picking. He says the Canadian market has been overshadowed by the excitement around AI and tech stocks. O’Brien says Canadian stocks are having a solid year and are not overvalued.

New presidential contender Harris seen as tougher oil industry foe than Biden

Oil futures fall to fresh five-week lows. China's central bank unexpectedly cuts key interest rate. Oil market shows little reaction to Vice President Biden's withdrawal from presidential race. New presidential contender Harris seen as tougher oil industry foe than Biden on climate and energy issues. Front-month Nymex crude closes -0.4% down, the sixth loss in seven days.

SPY bags $9.88B inflows despite worst weekly performance in three months

SPY bags $9.88B inflows despite worst weekly performance in three months. The 11 S&P 500 sectors recorded a net inflow of $2.67B last week. Industrial Select Sector SPDR Fund (XLI) recorded the highest inflow.

US Stocks Rebound As Tech Surges, CrowdStrike Continues Selloff, Oil Hits 1-Month Lows: What's Driving Markets Monday?

All major indices in the green on Monday, with the Nasdaq 100 up 1% and the S&P 500 up 0.7%. Semiconductor stocks, which plunged last week, rallied on the start of the tech earnings season. President Joe Biden's withdrawal from the reelection campaign boosted investor sentiment.