Monday, January 30, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home brend

CommSec morning report 23 January 2023

1 week ago
in brend
CommSec morning report 23 January 2023
Share on FacebookShare on Twitter


In US economic data, existing home sales fell 1.5% in December to a 4.02 million annualised rate (survey: 3.95m) – a 12-year low.

European sharemarkets rose on Friday. Travel & leisure rose 1.3% and Retail rose 1.1% on hopes for a re-opening of the Chinese economy from Covid-19 lockdowns. Shares in Ericsson fell 4.7% after it reported lower-than-expected fourth-quarter core earnings. The continent-wide FTSEurofirst 300 index gained 0.4% to be up 0.1% on the week. The UK FTSE 100 index rose by 0.3% on Friday.

Latest Oil News

Fuel prices to increase by 7%-13% from February 1, 2023 – IES

Fuel prices to increase by 7%-13% from February 1, 2023 – IES

January 29, 2023
ExxonMobil Likely to Report Surge in Q4 Earnings

ExxonMobil Likely to Report Surge in Q4 Earnings

January 28, 2023
Trinity To Spud Jacobin Well In Second Quarter Of 2023

Trinity To Spud Jacobin Well In Second Quarter Of 2023

January 27, 2023
Iran Boosts Cheap Oil Sale to China Despite Sanctions

Iran Boosts Cheap Oil Sale to China Despite Sanctions

January 26, 2023

US sharemarkets rose on Friday, lifted by technology stocks. Shares in Netflix rose 8.5% in response to earnings figures. Shares in Google parent Alphabet rose 5.3% after announcing 12,000 job cuts. But shares in Goldman Sachs fell 2.5% after the Wall Street Journal reported that the Federal Reserve was probing the company’s consumer business. At the close of trade, the Dow Jones index was up by 331 points or 1.0%. The S&P 500 index lifted 1.9%. And the Nasdaq index gained 288 points or 2.7%. Over the week the Dow fell 2.7%; the S&P 500 lost 0.7%; but the Nasdaq rose by 0.6%.

US government bonds fell on Friday (yields higher) as traders reassessed recent moves at the end of the week. Federal Reserve Governor Christopher Waller said on Friday that he supports scaling back to quarter-point rate hikes at the Fed’s next meeting. The view was supported by Fed presidents Harker and George on Friday. US 10-year Treasury yields rose by 8 points to 3.48%. US 2-year yields lifted 6 points to 4.18%. Over the week US 10-year yields fell 2 points with US2-year yields down 4 points.

Major currencies were mostly stronger against the US dollar in European and US trade. The Euro held between US$1.0800 and US$$1.0856 and was near session highs at the US close. The Aussie dollar lifted from near US68.10 cents to US69.73 cents and was near session highs at the US close. But the Japanese yen eased from 128.75 yen per US dollar to JPY130.60 and was near JPY129.55 at the US close.

Global oil prices rose as much as 1.7% on Friday on hopes that a re-opening of the Chinese economy will lift oil demand. A price cap on Russian oil is also supporting prices. The Brent crude oil price rose by US$1.47 or 1.7% to US$87.63 a barrel. The US Nymex crude oil price added US98 cents or 1.2% to US$81.31 a barrel. Over the week Brent rose US$2.35 or 2.8%. Nymex rose US$1.45 or 1.8%.

Base metal price futures prices were firmer on Friday. The US aluminium futures price rose 0.7%. And the US copper futures price lifted 0.6%. Over the week aluminium rose 0.3% and copper rose 1.1%.

The gold futures price rose US$4.30 or 0.2% to US$1,928.20 an ounce. Spot gold was trading near US$1,927 an ounce at the US close. Over the week gold rose by US$6.50 an ounce or 0.3%. Iron ore futures rose by US37 cents a tonne or 0.3% to US$122.16 a tonne. Over the week iron ore fell by US17c or 0.1%.

Ahead: No major economic data is scheduled in Australia. CommSec issues the latest State of the States report.

Diversified miner South32 is expected to provide a trading update.

Chinese financial markets are closed for the week long Lunar New Year holiday.

In the US, the Conference Board leading index is released.

Origininally published by CommSec



news.google.com

Tags: CommSecJanuaryMorningreport
Previous Post

Domestic gasoline price rises 8.64% in the last month

Next Post

Will OPEC+ Cut Production In Early 2023?

Related Posts

Fuel prices to increase by 7%-13% from February 1, 2023 – IES

Fuel prices to increase by 7%-13% from February 1, 2023 – IES

by Oil Market News
January 29, 2023
0

The Institute for Energy Security (IES) is predicting between 7% and 13% jump in the prices of petrol, diesel and...

ExxonMobil Likely to Report Surge in Q4 Earnings

ExxonMobil Likely to Report Surge in Q4 Earnings

by Oil Market News
January 28, 2023
0

ExxonMobil's Key Stats    Q4 2022 (est)  Q4 2021  Q4 2020  Adjusted EPS  $3.27  $2.06  $0.03  Revenue  $111B  $85B  $46.5B...

Trinity To Spud Jacobin Well In Second Quarter Of 2023

Trinity To Spud Jacobin Well In Second Quarter Of 2023

by Oil Market News
January 27, 2023
0

Trinidad and Tobago-focused Trinity Exploration & Production has secured all the permits and approvals to drill the deep Jacobin prospect...

Iran Boosts Cheap Oil Sale to China Despite Sanctions

Iran Boosts Cheap Oil Sale to China Despite Sanctions

by Oil Market News
January 26, 2023
0

Facing crippling economic sanctions, inflation and widespread social unrest, the Iranian government has boosted oil sales to China at a...

Oil drops by over $2 per barrel, dogged by recession fears

Oil prices steady after smaller-than-expected U.S. crude build

by Oil Market News
January 25, 2023
0

Smaller-than-expected build in U.S. crude stocksBroader markets weighed by economic slowdown concernsU.S. business activity contracts in JanuaryOPEC+ unlikely to tweak...

Oil slips to lowest level in nearly three weeks on global economic concerns

Oil slips to lowest level in nearly three weeks on global economic concerns

by Oil Market News
January 24, 2023
0

SlavkoSereda/iStock via Getty Images Crude oil pulled back Tuesday from recent gains that lifted prices to their highest in two...

Next Post
Will OPEC+ Cut Production In Early 2023?

Will OPEC+ Cut Production In Early 2023?

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Texas struggles to restore power to millions during Arctic blast

Texas struggles to restore power to millions during Arctic blast

9 months ago
Stock Market Today Live: Dow Slips 200 Points; BBBY Stock Plunges After Strategic

Stock Market Today Live: Dow Slips 200 Points; BBBY Stock Plunges After Strategic

5 months ago
Crude Prices Surge Past $65 Per Barrel As US Crisis Results In Global Supply Shock

Crude Prices Surge Past $65 Per Barrel As US Crisis Results In Global Supply Shock

8 months ago
WinGD looks to future fuels for ocean-going ships

WinGD looks to future fuels for ocean-going ships

2 months ago
Crude Oil Shielded From Bond and Stock Market Rout

Oilprice.com

8 months ago
ADVERTISEMENT
Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

January 29, 2023

Oil And Gas In For Turbulent Year As Governments And Industry Butt Heads

January 29, 2023

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market Highlights: FDA backtracks on cannabis oil, and 5 ASX small caps to watch

January 29, 2023

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023

Fuel prices to increase by 7%-13% from February 1, 2023 – IES

January 29, 2023

Crude Oil

Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023
Oil-Exporting Colombia Says No to Oil Exploration

Oil-Exporting Colombia Says No to Oil Exploration

January 28, 2023
German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

German Crude Oil Imports Rose 11% in 2022 As Crude Import Bill Doubles

January 27, 2023
Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

Europe Is Diversifying Its Diesel Sources Ahead Of Ban On Russian Fuel

January 26, 2023

Investing

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023
Chevron’s Profits Fall Short. Is This Top Warren Buffett Stock in Trouble?

Chevron’s Profits Fall Short. Is This Top Warren Buffett Stock in Trouble?

January 28, 2023
U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

U.S. lawmakers ask Kerry to urge UAE to replace oil boss as COP28 president By

January 27, 2023
ESG Investing Fight Is Heating up in Kentucky and Could Cost Taxpayers

ESG Investing Fight Is Heating up in Kentucky and Could Cost Taxpayers

January 26, 2023

Market

Big Oil’s profits juggernaut on pace to slow but not stop

Big Oil’s profits juggernaut on pace to slow but not stop

January 29, 2023
Tullow Oil: the end of an era for exploration and production

Tullow Oil: the end of an era for exploration and production

January 28, 2023
Chevron profits slip as oil and gas prices fall

Chevron profits slip as oil and gas prices fall

January 27, 2023
Big Oil’s cash bonanza | Financial Times

Big Oil’s cash bonanza | Financial Times

January 26, 2023

OPEC

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
Top 20 Oil Exporting Countries in 2023

Top 20 Oil Exporting Countries in 2023

January 28, 2023
OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

OPEC to Stay the Course on Oil Production Agreement; China’s Reopening Bullish for

January 27, 2023
Biden vowed to punish Saudis over OPEC cut. That’s no longer the plan

Biden vowed to punish Saudis over OPEC cut. That’s no longer the plan

January 26, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.