Oil Reacts to Comments from OPEC Secretary-General (USO) Jan 26, 2015 07:57AM

Oil prices reacted to comments from OPEC Secretary-General Abdalla El-Badri, who spoke in an interview in London. El-Badri said oil could reach $200 per barrel if there is a lack of investment following a price slump. He went on to say he is open to meeting with non-OPEC nations to help restore supply-demand balance. Current oversupply is 1.5 million barrels per day.

Traders are watching iPath Dow Jones-Goldman Sachs Crude Oil Fund (NYSE: OIL) and United States Oil Fund (NYSE: USO) ETFs.

Goldman Sachs Lowers Long-Term Gold Estimates, Downgrades Kinross Gold (KGC) to Sell; B2gold Corp. (BTG) Cut to Neutral Jan 26, 2015 06:58AM

Goldman Sachs adjusted its 2015-17 Gold estimates to $1262, $1089, and $1050 per ounce (from $1200, $1200, $1200). Analyst Andrew Quail noted a stronger USD.

Kinross Gold (NYSE: kGC) was downgraded from Neutral to Sell with a price target of $2.80. B2gold Corp. (NYSE: BTG) was downgraded to Neutral.

"We revise our FY15/16E gold prices up/down 5%/9% to $1,262/$1,089/oz. In our view, the macro environment, primarily a stronger USD, continues to provide a headwind for the... (continue reading...)

U.S. Rig Count Down 43 to 1,633 - Baker Hughes Jan 23, 2015 01:08PM

U.S. Rig Count Down 43 to 1,633 - Baker Hughes

Prince Alwaleed said 'we'll never see $100 oil again' - CNBC Jan 23, 2015 09:43AM

Prince Alwaleed said 'we'll never see '$100 oil again' - CNBC.

Goldman Sachs Lowers Copper Price Forecast (FCX) Jan 23, 2015 09:04AM

Goldman Sachs lowered its Copper price forecast to $2.36 /lb,10% below the current spot rate. Analysts said cost deflation is a primary and ongoing theme, and they are calling for a protracted ā€œUā€ shape in the commodity.

"The impact of cost deflation has been coming through the mining space over the last couple of years, mainly reflecting a combination of: (1) cost cutting initiatives at corporates; (2) lower energy prices; and (3) weaker producer currencies/US$... (continue reading...)

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