|Day's Range||482.00 - 491.40|
Many people believe that the biggest risk to oil markets is running out of oil, the reality is it is demand that will cause the next crisis
The economy is picking up steam, but President Trump could reduce the benefits of his tax cuts and regulatory rollback with protectionism. This risk became more serious after the Commerce Department on Friday recommended broad restrictions on aluminum and steel imports that would punish American businesses and consumers. Last year the President directed Commerce Secretary Wilbur Ross to investigate whether steel and aluminum imports threaten national security under Section 232 of the Trade Expansion Act of 1962.
Could Gold Catch a Bid if Equities Stay Weak in 2018? The Federal Reserve has long been expecting inflation to pick up. Its targeted 2% inflation rate has been eluding it for more than five years, but the latest US jobs report indicates that inflation could finally get a boost.
TORONTO (Reuters) - Canada's main stock index gained on Monday, boosted by a bounce-back in shares of cannabis producers and sharp gains for gold miners as bullion prices hit a four-month high. * The Toronto Stock Exchange's S&P/TSX composite index closed up 63.63 points, or 0.39 percent, at 16,371.81. Seven of its 10 main sectors were higher, while consumer staples and discretionary groups weighed. * The materials group, which includes precious and base metals miners and fertilizer companies, added 1.6 percent as a weaker U.S. currency boosted the price of gold to its highest since ...
Gold overcomes earlier weakness Thursday to finish higher, expands its winning streak to a tenth-session—the longest in more than six years.
Investing.com - Crude oil futures were mixed in Asia on Thursday after US industry estimates of weekly inventories showed unexpected refined product builds.
Investing.com - The American Petroleum Institute said Wednesday that US crude oil stocks fell 4.992 million barrels last week, below an expected decline of 5.148 million barrels seen.
Investing.com – Crude oil prices settled higher on Wednesday, as ongoing anti-government protests in Iran raised the prospect of supply disruptions.
Investing.com – Gold prices steadied on Wednesday after the dollar rebounded on strong economic data as traders awaited the release of the Federal Reserve’s December meeting minutes.
Gold firms for a ninth session in a row Wednesday, settling at its highest since the middle of September, but retreats after the release of minutes from the Federal Reserve's December monetary policy meeting....
Recently, Canada’s largest freight railway, Canadian National Railway (CNI), has seen its carload traffic fall YoY (year-over-year). However, in the last two weeks, the trend has reversed. In the week…...
In the 43rd week of 2017, Canadian National Railway's railcars fell 2.9% to 63,700 units, down from 65,500 units in the week ended October 29, 2016.
CSX (CSX) moved ~69,500 railcars in the 43rd week of 2017, which was 4,900 fewer units than its 74,400 carloads during the 43rd week of 2016.
By David Lawder and David Ljunggren WASHINGTON (Reuters) - Trade negotiators from the United States and Canada accused each other of sabotaging attempts to renegotiate the North American Free Trade Agreement on Tuesday, even as they and Mexico agreed to extend talks into 2018. A round of talks in Washington that lasted seven days failed to find the most basic common ground between the three parties, and Canadian Foreign Minister Chrystia Freeland accused the United States of pursuing a "winner take all" approach. The Trump administration's proposals to reshape NAFTA to help shrink U.S. trade deficits have created stumbling blocks, leaving observers to wonder whether it intends to sink the agreement.