Positive economic news and hints of interest rate cuts in Europe supported oil and copper prices this week, while central banks and buyers of gold bars and coins gave the yellow metal a much-needed lift.
Articles Tagged "Syria"
Oil – A brief overview of oil price developments, supply and demand and significant market movers.
In this interview with analyst John Chu of AltaCorp Capital, we discuss IC Potash and the potash and SOP market in general. ICP is moving towards production in 2016 and due in part to production of potassium sulphate or SOP, Chu predicts a share price of $2.50 before reaching the production target.
Oil – Bloomberg reported that oil rose as a result of continued concern that tension between Syria and Turkey may disrupt shipments out of the Middle East. The news that only 339,000 people in the United States filed first-time applications for unemployment benefits also buoyed prices.
Potash – Tight supply and soft demand have pushed phosphate profits down. Mosaic, for example, registered a significant decline in phosphate sales.
Oil – Reuters reported that oil rose after two sessions of losses as a result of increasing tension at the border between Syria and Turkey. Worries that Syria may attack Turkey have sparked concern about a supply disruption.
Oil – Reuters reported that oil prices increased by 2 percent as a result of Turkey using artillery to retaliate when Syria's internal conflict spilled across its borders. The attacks led to concern about oil supply disruptions in the Middle East, but Syria has indicated that it will stay out of Turkey moving forward.
Potash – MENA phosphate producers represent more than 80 percent of world reserves. Overrun by political risks, this region will require moderating labor and wage relations between state-run producers and a politically invigorated labour force going forward.