(Bloomberg) — Brent crude soared almost 18% to just shy of $140 a barrel at the open in Asia following news over the weekend that the U.S. and its European allies are discussing a possible ban on Russian oil exports. It’s the latest development in an eye-watering surge in prices since the invasion of Ukraine, […]
Read MoreGold prices marched higher Monday, as investors fled to havens amid declines in stocks. DAVID GRAY/AFP/Getty Images Stocks plunged Monday and investors sought havens as oil prices hit the highest level since 2008, driven higher by supply fears amid a possible ban from the U.S. and allies on Russian crude. Futures for the Dow Jones […]
Read More(Bloomberg) — As equity markets sink around the world, Morgan Stanley and Citigroup Inc. strategists say a perfect storm looks to be gathering. “Downside risk remains most acute over the next 6-8 weeks,” Morgan Stanley’s Michael Wilson wrote in a note to clients. “We are firmly in the grasp of a bear market that is […]
Read More(Bloomberg) — After a tumultuous week of big yield swings and heightened volatility in the U.S. Treasury market, investors are bracing for another hot inflation report, while the war in Ukraine increasingly casts a pall over Europe and the global economy. Russia’s Feb. 24 invasion of Ukraine began to rewrite the script for U.S. bond […]
Read More(Bloomberg) — Oil soared in Asia — jumping as much as 18% early in the session — after reports that the U.S. was discussing a ban on Russian crude imports sent shock waves through an already-reeling market. Brent quickly pared around half those gains to trade near $130 a barrel, a level that’s still exacerbating […]
Read More(Bloomberg) — Traders piled into options that oil could surge even further after rising to the highest since 2008, with some even placing low-cost bets that futures will rise above $200 before the end of March. Prices to buy call options for higher crude prices surged Monday as the market assessed the possibility of a […]
Read More(Bloomberg) — Russia’s long-term issuer and senior unsecured debt ratings were cut to Ca from B3 with a negative outlook by Moody’s Investors Service on expectations that capital controls by the Central Bank of Russia will restrict cross border payments including for debt service on government bonds. The change comes less than a week after […]
Read MoreIAMGOLD Corporation, through its subsidiaries, explores for, develops, and operates gold mining properties in North America, South America, and West Africa. IAG $3.3300 0.0800 % 2.4600 Iamgold Corp Sector : Basic Materials Industry : Mining – Gold Signal Short Term Trend Long Term Trend BUY UP DOWN Day: 2.46% Wk: 8.47% Mo: 30.59% Yrly: 8.47% […]
Read MoreClick the symbol for the chart and signal Orla Mining Ltd. (ORLA) Orla Mining Ltd. acquires, explores for, and develops mineral properties. The company explores for gold, silver, lead, zinc, and copper deposits. It owns 100% interests in the Camino Rojo project that consists of seven concessions covering an area of 163,129 hectares located in […]
Read More(Bloomberg) — Historically, a surge in crude-oil prices of this magnitude have ended U.S. economic expansions and tipped the U.S. economy into recession, according to Pictet Asset Management. In the past 50 years, every time oil prices, adjusted for inflation, rose 50% above trend, a recession followed, data from Luca Paolini, chief strategist at Pictet, […]
Read More(Bloomberg) — Gold headed for its biggest weekly gain since July 2020 as the war in Ukraine fueled demand for haven assets. Investors are assessing the economic fallout from Russia’s invasion of its neighbor, which is disrupting flows of energy, grains and metals. The resulting surge in oil prices has stoked concerns about global growth […]
Read More(Bloomberg) — Governments around the world are taking steps to safeguard domestic food supplies after Russia’s invasion of Ukraine roiled trade and sent prices of key staples soaring. Hungary is banning grain exports, its agriculture minister told television channel RTL on Friday. Argentina and Turkey also made moves this week to increase their control over […]
Read MoreVista Oil & Gas, S.A.B. de C.V., through its subsidiaries, engages in the exploration and production of oil and gas in Latin America. The company’s principal assets located in Vaca Muerta with approximately 134,000 acres. VIST $8.1300 -0.1900 % -2.2800 Vista Oil & Gas S.A.B. DE C.V. ADR Sector : Oils-Energy Industry : Oil – […]
Read MoreClick the symbol for the chart and signal BP Prudhoe Bay Royalty Trust (BPT) BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles […]
Read More(Bloomberg) — Senator Elizabeth Warren, a vocal critic of Wall Street, said banks are “undermining” sanctions on Russia by snapping up the nation’s corporate bonds and suggesting clients buy assets on the cheap. In a statement released late Friday, she called out market makers JPMorgan Chase & Co. and Goldman Sachs Group Inc. following a […]
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