United States Brent Oil Fund LP·Financial Services

Spot gold prices were lower and spot silver prices were also under pressure in late afternoon trading on Friday, as firm Treasury yields, a stronger dollar tone and hawkish Fed inflation language offset residual safe-haven demand tied to the Strait of Hormuz and U.S.-Iran talks

Most investors see oil headlines and react emotionally. Jonathan Rose sees signals.

Reid L'anson breaks down how the war in Iran is impacting the energy market. He says coming into the year thinking we'd be short on oil helped coming into geopolitical conflict, but every day the Strait of Hormuz stays closed we lose profit.

There's a new warning from the commodity market about the risks of a delayed reopening of the Strait of Hormuz.

The oil markets continue to be noisy, as we are trying to sort out the supply situation in the Middle East. With this, traders are a bit hesitant to get aggressive, especially heading into a weekend where any announcement could come out.
The Benchmark Futures Contract is the futures contract on Brent crude oil as traded on the Ice Futures Europe Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire.
Financial Services
Asset Management
2010-06-02
2.00
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