Oil prices reversed after a four-day rally as the market sought certainty about supply. Investors were also monitoring the impact of US President Donald Trump's decision to remove Fed Chair Lisa Cook, which sparked concerns about the central bank's independence and dampened risk appetite. Fundamentally, oil prices remain within a narrow range. OPEC+ has increased production in recent months (including around 547,000 bpd for September), while the IEA warned of the risk of a surplus heading into 2026 despite supply disruptions caused by Ukraine's attack on Russian energy infrastructure. The...
Silver prices (XAG/USD) strengthened in European trading (August 26th), rebounding from the previous session's decline. This strengthening was largely driven by political uncertainty in the US, following President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook. This move sparked concerns about the Fed's independence and the direction of monetary policy, prompting investors to seek safe-haven assets like silver. Beyond political factors, industrial demand for silver remains solid, particularly from the renewable energy sector. Recent data shows that Chinese solar cell exports...
Despite tight short-term supplies, there are concerns that global oil production will increase, including from non-OPEC producers. This expectation has shifted sentiment toward bearishness, particularly for long-term contracts. Brent has recently been trading at a slight discount to the Dubai Crude price for Asian markets. This is rare and reflects abundant Brent supply for Asia, prompting Asian buyers to shift to the typically cheaper Dubai Crude. Source : Newsmaker.id