Author archives: Edward Hutton

European close 04/11/20

A bit of a damp squib for iron ore today. Expectations that we may see some form of breakout have been put to bed with the futures failing to the upside and holding the downside. U.S elections are not that interesting after all!   It may not be a case of stick or bust but …

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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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