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Brent falls below key 2024 support – Societe Generale
Brent crude has extended its decline after breaching key support levels from earlier in 2024. While momentum indicators suggest the move is stretched, signs of a significant rebound remain elusive, Societe Generale's FX analysts report.
Fxstreet
Apr 9, 2025
Silver Price Forecast: XAG/USD rallies above $30 as US Dollar tumbles on US-China tariff war
Silver price (XAG/USD) surges almost 2% to near $30.40 during European trading hours on Wednesday. The white metal strengthens as the US Dollar (USD) tumbles amid fears that the escalating trade war between Washington and Beijing could lead the United States (US) economy into a recession.
Fxstreet
Apr 9, 2025
Silver Price Forecast: XAG/USD holds above $29.50 amid tariff uncertainty
The Silver price (XAG/USD) recovers some lost ground to around $29.85 during the Asian trading hours on Wednesday. Analysts believe the recent correction could be a setup for a strong rebound amid rising trade tensions and recession fears.Fxstreet
Apr 9, 2025
WTI slumps below $57.25 as escalating US-China trade tensions spark demand fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.25 during the early Asian session on Wednesday. The WTI price extends the decline near a four-year low due to US President Donald Trump’s trade war rhetoric, growing recession fears in the US and weak global demand.Silver Price Forecast: XAG/USD jumps to near $30.50 on potential US-China trade war
Silver price (XAG/USD) advances to near $30.50 during North American trading hours on Tuesday. The white metal strengthens as its safe-haven appeal has increased, with traders becoming increasingly concerned over the outlook of trade relations between the United States (US) and China.Fxstreet
Apr 8, 2025
OPEC+ sticks to production increase for the time being – Commerzbank
At a virtual meeting of the Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ oil ministers at the weekend, the only thing that was apparently discussed was better compliance with existing production targets, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Apr 8, 2025
Oil Below $40 Isn’t a Joke! Tariffs Hit the Global Economy, and OPEC Throws in the Towel
TradingKey - Following a plunge in international oil prices to their lowest levels in four years, Goldman Sachs has presented an extreme scenario: Brent crude oil falling below $40 per barrel.TradingKey
Apr 8, 2025
Oil: Tariff tensions build – ING
Oil prices witnessed something of a relief rally this morning. Yet risks are still skewed to the downside as President Trump threatens an additional 50% tariff on Chinese goods if it doesn’t lift its 34% retaliatory tariff today. It's unlikely that China will reverse the policy.Fxstreet
Apr 8, 2025
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