U.S. pump prices moving lower ahead of Memorial Day weekend
Front-month crude oil futures fall for a fourth straight session to three-month lows. Concerns about weakening demand and hawkish signals from the Federal Reserve. Gas prices are ticking lower ahead of the Memorial Day holiday weekend. The average price of a gallon of gasoline is falling ahead of Memorial Day.
Seeking Alpha · 1h ago
Blowout Nvidia Earnings – AI Factories And Sovereigns Are Hidden Gems
NVDA stock has broken out from a technical perspective. Nvidia Corp (NASDAQ:NVDA) reported earnings significantly better than the consensus but in line with the whisper numbers. In the early trade, money flows are positive in Nvidia. The Arora Report has raised the long term target on NVDA to $1438 - $1473.
Benzinga · 8h ago
UBS sees Brent crude climbing to $91/bbl over coming months
Commodities Energy UBS sees Brent crude climbing to $91/bbl over coming months. Investment bank expects voluntary production cuts to extend for at least three months. UBS also estimates demand growth of for 2024 above the long-term growth rate. Brent crude prices were trading higher on Thursday.
Seeking Alpha · 12h ago
Commodity Roundup: Global steel production drops in April, metals under pressure
Seeking Alpha · 14h ago
Make Or Break Moment For AI Frenzy Ahead – Nvidia Earnings, Hopes Dashed In U.K.
NVIDIA Corp (NASDAQ:NVDA) will report earnings after the market close today. In The Arora Report analysis, NVDA is likely to beat the consensus numbers. The momo crowd is buying stocks in the early trade and the smart money is inactive. Two earnings of note for investors this morning: Analog Devices and Target Corp.
Benzinga · 1d ago
Crude inventory increased by 1.8M barrels for week ended May 17 - EIA
Crude inventory increased by barrels for week ended May 17 - EIA. Crude stocks for the week ending May 17 increased by barrels. Gasoline and distillates stocks increased by more than expected. EIA releases weekly inventory report for May 17 to May 22.
Seeking Alpha · 1d ago
Commodity Roundup: Oil sheds over 1%, gold down on hawkish Fed talks
Commodities Energy Commodity Roundup: Oil sheds over 1%, gold down on hawkish Fed talks. Crude oil futures shed more than 1% as investors look ahead to the Fed minutes and demand signs. Gold prices eased for a second-consecutive day on Wednesday as the dollar held firm.
Seeking Alpha · 1d ago
U.S. puts 1M-barrel northeast gasoline reserve up for sale
Department of Energy plans to sell nearly 1M barrels of gasoline from the Northeast Gasoline Supply Reserve. Retail gasoline prices fell for the fourth straight week to $ on Monday. Front-month crude oil futures end back-to-back days of losses. Goldman Sachs says they are "mildly bullish" on oil prices.
Seeking Alpha · 2d ago
U.S. crude stockpiles rose 2.5M barrels last week, API says
American Petroleum Institute shows a build of barrels of oil in commercial stockpiles for the week ending May 17. Gasoline inventories also rose last week. The EIA will release its weekly petroleum supply report Wednesday morning. July WTI crude oil recently traded at $50 a barrel.
Seeking Alpha · 2d ago
'Biden To Release 1 Million Barrels Of Gasoline To Reduce Prices At The Pump Ahead Of July 4' - CNBC
The Biden administration will release 1 million barrels of gasoline from reserves held in the Northeast. Retailers and terminals will receive the gasoline no later than June 30. The supply will be released in quantities of 100,000 barrels to reduce prices at the pump ahead of the July 4 holiday.
Benzinga · 2d ago
Smartest Banker In The World Sends A Message To Investors – Are You Listening?
JPMorgan Chase & Co (NYSE:JPM) stock is overbought and vulnerable to the downside. The momo crowd was aggressively buying the stock ahead of JPMorgan's investor day. The smart money sold the stock to the momo Crowd and is now selling the stock. The Arora Report's ZYX Buy Model Portfolio is long JPMorgan Chase stock.
Benzinga · 2d ago
Energy Sector Update for 05/21/2024: SHEL, PSX, XLE, USO, UNG
NASDAQ · 2d ago
Commodity Roundup: Gold, copper slip from record highs, natgas on the move
Commodities On the Move: Gold, copper slip from record highs, natgas on the move. Natural gas futures extended gains driven by decreased production and rising demand. Gold and copper prices eased slightly on Tuesday after hitting a record high on Monday. The estimated value of open interest in precious metals markets continued its surge to record levels.
Seeking Alpha · 2d ago
OPEC Update - May 2024
OPEC Monthly Oil Market Report for May 2024. Crude output for OPEC 12 decreased by 48kb/d in April with decreases from Nigeria, Iraq, and Venezuela. Preliminary March 2024 data shows total OECD commercial oil stocks up by 34 Mb. The OPEC estimate for US tight oil in 2023 was revised higher by 40b/d.
Seeking Alpha · 2d ago
Oil prices edge lower, giving up early gains from death of Iran's president
Oil prices edge lower, giving up early gains from death of Iran's president. Crude oil futures fail to hold the $80 level that had been reached last week. Federal Reserve officials say they are waiting to see inflation trends before cutting interest rates. Russian oil exports to China in April rose 30% from a year ago.
Seeking Alpha · 3d ago
U.S. Sec Of State Blinken Says U.S. Fundamentally Rejects ICC Warrants; ICC Warrants Could Jeopardize Ongoing Ceasefire Talks
Benzinga · 3d ago
Oil Holds At $80 As Iranian Leaders Die In Crash, Saudi Crown Prince Delays Japan Trip; Natural Gas Spikes 40% In May
Natural gas prices have surged by 40% since the beginning of May. Henry Hub front-month futures for June delivery hit highest level since Jan. 19, 2024. The surge in natural gas prices can be attributed to rising demand and tighter supply. Iran's President and foreign minister died in a helicopter crash on Sunday.
Benzinga · 3d ago
Silver, Gold, And Copper Breakout, Wall Street's Last Bear Throws In The Towel
Silver has broken out on a monthly basis. The best way to play copper is through copper mining stocks. The death of Iranian President Ebrahim Raisi in a helicopter crash is supporting the metals. Wall Street’s last bear has thrown in the towel. Momo Crowd And Smart Money In Stocks is the exception in a raging bull market.
Benzinga · 3d ago
The Inflationary Spike Unfolding While China Dumps Treasuries
Metal prices, including gold and copper, are spiking to record highs. China is dumping US Treasury Bonds. The US stock market is in the euphoria phase, but facing a recessionary bear market. The process of deglobalization is accelerating, and China is buying gold and buying the US dollar. The inflationary spike in metal prices and the spike in the price of metals indicates an unfolding inflationary shock.
Seeking Alpha · 3d ago
Commodity Roundup: Gold at record high, oil reverses gains
Seeking Alpha · 3d ago
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