Tag Archives: West Texas Intermediate

US – Canada Jobs report, USD/CAD, US Budget Surplus; Market update 17th Jan 2014

By Musabbir Mazhar The US Jobs number came out last Friday (10th Jan) at 74,000 job additions for December which has been taken by the markets as a shocker and the US 10 year treasury yields went down on the news. But more sense should be put into this- Workers weren’t looking for work for […]

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Looking at Oil prices at end of year

By Musabbir Mazhar WTI Crude fell down about 1% on Tuesday morning to $98.27 per barrel for February delivery – oil finished the day at 98.42 on the New York Mercantile Exchange (NYMEX) – the largest commodity futures exchange. WTI is up 7% in 2013 – it crossed $100 per barrel on December 27th last […]

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Market update, Thursday, 21st November 2013

By Musabbir Mazhar In Geneva, no positive deal went through about disagreement over Iran’s Nuclear Program. Foreign Minister Javad Zariff and EU Foreign Policy Chief Catherine Ashton were unable to find an overall agreement on Thursday afternoon. Iran holds the fourth largest oil reserves in the world and intends to have trade restrictions lifted. Negotiators […]

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