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Commodities Confidential | Commodity Markets Simplified

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Commodities Confidential | Commodity Markets Simplified | commoditiesconfidential.com Reviews

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Daily Update – Sept. 26 (Debate Night) | Commodities Confidential

https://commoditiesconfidential.com/2016/09/27/updates-debate

Daily Update – Sept. 26 (Debate Night). September 27, 2016. September 27, 2016. Day #1 of meetings in Algeria is upon us. US crude (WTI) for November settled up $1.45 (3.3%) to $45.93 a barrel. International crude for November gained $1.46 (3.2%) to $47.35. Oil moved Monday mostly on the hope that OPEC will be able to come to an agreement on Wednesday afternoon. Sentiment from Algeria was increasing positive on Monday afternoon. OPEC’s Algeria Meeting: 0 days away. Weekly Update (9/19 – 9/25).

2

About | Commodities Confidential

https://commoditiesconfidential.com/about

By providing simplified, easy to understand updates on all things commodity related, I hope to alleviate some of the stress college students and young adults feel when they can’t follow or don’t understand the commodities markets. Enjoy! Create a website or blog at WordPress.com.

3

Weekly Update (9/19 – 9/25) | Commodities Confidential

https://commoditiesconfidential.com/2016/09/26/weekly-update-919-925

Weekly Update (9/19 – 9/25). September 26, 2016. September 27, 2016. It is now official, with only two Federal Reserve meetings left in the year, the Fed has failed to reach their original forecast of 3 rate hikes in 2016 – thus far there have been zero (0) (nada) (none). The Fed’s decision came down on the same day that Japan’s central bank (BOJ) added a long-term interest rate target to its already massive asset-buying program. The actions taken by both banks were widely expected. One interesting point...

4

Commodities Confidential | Commodity Markets Simplified | Page 2

https://commoditiesconfidential.com/page/2

Daily Update – Sept. 16. September 16, 2016. In the days leading to the Algeria OPEC meeting, I will be providing short daily updates on the price of crude oil, as I feel volatility should pick up, and things could get interesting. US crude dropped $.88 (2%). To $43.03 a barrel. On the week (second largest decline since June). International crude dropped $.82 (1.8%). US oil prices fell to a one-month low today and finished down for the third time in the last four weeks. Increasing exports from OPEC.

5

Daily Update – Sept. 27 | Commodities Confidential

https://commoditiesconfidential.com/2016/09/27/daily-update-sept-27

Daily Update – Sept. 27. September 27, 2016. Day #2 of meetings in Algeria is upon us. S crude (WTI) for November fell $1.61 (3.5%). To $44.32 a barrel. International crude for November fell $1.64 (3.5%). Skepticism grew today that OPEC will not take any considerable action this week in Algeria. The Iranian Oil Minister said that he as met with Russian and Saudi officials, but no proposal has been given to him. This agreement is a departure from the recent production cap talks and rather cuts production.

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