Author archives: Edward Hutton

Oil Through the looking Glass 04/11/20

*Oil Rises After Trump Falsely Claims Victory in Tight U.S. Election* Oil is up over % on Wednesday at 1440GMT as Trump has claimed victory in the election, with the polls suggesting that the result will go down to the wire with millions of votes still left to be counted. A trump victory has always …

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Morning Oil Report 04/11/20

Brent remain choppy this morning as API data shows of a Crude draw in the US but the short-term outlook remained uncertain as the outcome of the US election remained as clear as mud. West Texas Intermediate was up 0.3%, at $37.67 a barrel by 0735GMT, after trading in a nearly $1 range. Brent crude …

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European Close 3/11/20

Strong PMI figures in China have not filtered through to the DCE iron ore with price remaining below the RMB 806 level. A positive night session has seen the futures move RMB 8 higher, USD 1.18 for the Nov futures (+1.1%). Potentially this is nothing more than day traders positioning themselves for a potential change …

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