Oil traders prepare fond farewells to Yahoo Messenger
Oil traders on were lamenting the imminent demise of their main communication tool, Yahoo Messenger, which has been an industry standard since the late 1990s.
Oil traders on were lamenting the imminent demise of their main communication tool, Yahoo Messenger, which has been an industry standard since the late 1990s.
The low interest-rate environment, global uncertainty and disdain for banks has the gold price heading higher and higher.
Oil prices are set to recover to around $US70 per barrel thanks partly to strife in the "fragile five" oil producers, according to a paper from RBC Capital.
Leveraged-up and under-regulated wealth funds were behind last week's spike in the ore price – and there may be more of those to come.
Fortunately for Australia, one of its biggest soft commodity exports - wheat - has done reasonably well, while beef is the only "bull" market around.
Iron ore is the surprise outperformer of the year after supply disruptions sent the metal back over the $US45-a-tonne mark.
Oil has been undergoing a rout since mid-2014. Brent, the global benchmark, started trading under $US40 a barrel in December and bottomed at $US27.88 on January 20, its lowest level since November 2003. It has since lifted slightly to $US33.10.
Oil has been undergoing a rout since mid-2014 and it just keeps going, with no floor in sight.
Oil may soon be trading with a $US20s handle after collapsing again on Thursday, with barrels of benchmark Brent crude now trading at fresh 11-year lows.
The global outlook for uranium looks bright, with Asia's burgeoning nuclear energy industry fuelling demand.
The iron ore price sank to its lowest level in at least six years, amid speculation mills in China are cutting back steel output, hurting de...
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