Brent Crude Oil

By RoboForex Analytical Department The commodity market is currently being impacted by various factors, causing Brent crude oil prices to decline. Currently, the price of a barrel of Brent is hovering around $72.35, reflecting a loss of approximately 4% within a 24-hour period. Bearish sentiment in...

Oil maintained gains from the previous session on Tuesday morning in Asia trading after the Organization of Petroleum Exporting Countries and allies including Russia (OPEC+) decided on a modest 100,000 barrel-a-day supply cut while adding that the group may do more in the fourth...

Oil prices fell in Asia trading on Monday following a report about a nuclear agreement revival between Iran and Western countries and on fears of a rate hike in the U.S. coupled with a strong dollar. Landmark Deal: The Iran nuclear deal is “imminent” and an agreement to revive the...

Oil rose in Asia trading on Tuesday morning, driven by anticipation that Russia's reduction of natural gas supply to Europe would prompt a switch to crude, although demand concerns on possible U.S. rate hikes kept a lid on gains. What Happened: Russia’s multinational energy...

Oil prices edged up on Friday, led by strong demand in Asia after the commodity took a beating in the last few sessions. An outsized European Central Bank (ECB) rate hike, coupled with an easing supply and demand deficit took oil down by 3% on Thursday. What Happened Earlier: Oil prices...

Oil prices held on to their record gains on Monday even as the U.S. air strikes in Iraq and Syria on Sunday increased political tensions in the Middle East. What Happened The U.S. forces carried five "defensive strikes " at bases controlled by Iran-backed Shia militia Kata'ib...

Things just keep getting worse for the Global X MSCI Nigeria ETF (Global X Funds (NYSE: NGE)), the lone exchange-traded fund dedicated to Nigerian stocks. Inflation, Currency Woes Weigh On Nigeria As has been previously noted in this space, NGE has been struggling this year even as oil prices and...

U.S. indices rallied Tuesday morning led by a triple digit point gain in the Dow Jones. Granted, stocks have been opened for trading for less than half an hour, and the Dow Jones Index is trading closer to 17,000 than the 18,000 level it flirted with last Thursday. CNBC's Jim Cramer acknowledged...

Commodities are on the mend. That much is confirmed by the year-to-date performance of the PowerShares DB Com Indx Trckng Fund(ETF) (NYSE: DBC) and other diversified exchange-traded products. DBC is up 15.3 percent this year. Mending Commodities Some individual commodities, namely energy and...

Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best...

When commodities swooned over the past two years, plenty of emerging markets and the corresponding exchange-traded funds felt the pain. The Global X MSCI Colombia ETF (NYSE: GXG) was among those ETFs, losing an average of 34 percent in 2014 and 2015. Commodities' Swoon And Subsequent Rebound Those...

Brent oil prices climbed above $50/bbl on Tuesday for the first time in two weeks. Prices have been boosted by speculation of increasing cooperation among global producers. Geopolitical uncertainties in Iran and Syria have the potential to serve as both negative or positive catalysts for...