Author archives: Edward Hutton

Oil Through the Looking Glass 16.11.2020

*OPEC+ Starts Meetings to Weigh Further Steps to Support Market* Today marks the start of the meetings that will be looking to address the current state of the oil market, and how the cartel can look to support prices going into what may be a turbulent turn of the year as people look to rebuild …

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Morning Oil Report 16/11/20

Brent crude futures for January rose 44 cents, or 1%, to $43.22 a barrel by 0204 GMT, while U.S. West Texas Intermediate crude for December was at $40.67 a barrel, up 54 cents, or 1.4%.   Libya output continues to climb after analysts predict that output could be at around the 1.2 million barrels per …

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European Close 13/11/20

Iron ore bulls will have been happy with how the week was going before it wrapped. Prices were firm with an expectation that we could see another round of buying before the winter season started. This all changed 28 minutes before the closing bell, with price stalling below the CNY 850 resistance, leaving the market …

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