BNO

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

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.

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

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.