ADVFN US – Market Content Editor

The Energy Information Administration is scheduled to release its report on oil inventories in the week ended January 19th at 10:30 am ET. Crude oil inventories are expected to decrease by 3.0 million barrels after falling by 2.5 million barrels in the previous week. At 1 pm ET, the Treasury Department is due to announce…

The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move to the upside following the lackluster performance seen in the previous session. Technology stocks may help lead an early advance on Wall Street, as reflected by the 0.9 percent jump by the Nasdaq 100 futures. The…

Copper prices rose almost 1.5% on supply concerns and hopes for a new stimulus package in top consumer, China. “The copper market this year is set to be in its tightest state since 2021,” Goldman Sachs said. “The market has suffered a supply shock over the past quarter from a series of mine supply downgrades,…

Oil prices edged higher as traders navigated between risks to supply due to geopolitical tensions and rebounding crude output in the U.S. along with the restart of production at a major Libyan oil field. Growing geopolitical tensions across the Middle East continue to support the market, but the upward trend looks limited as oil production…

The dollar has already dropped during Asian trade and has scope to fall back further as its jump higher late on Tuesday was “quite surprising” and lacked a clear catalyst, ING said. “The rise in U.S. rates did not look large enough to justify the rotation from European FX (EUR and GBP) back into the…