Why is the oil market so volatile?

Market Volatility
From Myra P. Saefong: Oil trading has been particularly volatile lately, as concerns mount about threats to both global supplies and demand.
NYSE:USO May 17, 2019 3:35pm

The Dow Jones Industrial Average rebounds from this morning’s 205-point drop

increase demand green
From Mark DeCambre : The Dow Jones Industrial Average on Friday pivoted from a solid loss to a firm gain, erasing a more than 200-point opening drop in late-morning dealings. The Dow DJIA, -0.07% was up 64 points, or 0.3%, at 25,929, after hitting an intraday low of 25,657.78, representing a roughly 205-point decline for the blue-chip gauge. The move coincided with a broad pivot for the other two main U.S. benchmarks, with the S&P 500 index SPX, -0.22% rising 0.3% at 2,883, and the Nasdaq Composite Index COMP, -0.53% advancing 0.2% at 7,914, with both indexes wiping out earlier declines. All week, investors have been wrestling with developments on trade between the U.S. and its international counterparts, with tensions between the U.S. and China particularly elevated.
NYSE:DIA

Gold prices fall after positive U.S. consumer sentiment jumps to a 15-year high

From Myra P. Saefong and Rachel Koning Beals : Gold futures fell Friday to settle at their lowest in more than two weeks, also down from the week-ago finish, on the back of a jump in U.S. consumer sentiment and a slightly firmer dollar.
NYSE:GLD

After Nvidia declines to reiterate its full-year forecast, the semiconductor sector turns negative

nvidia stock
From Jeremy C. Owens: For months, chip companies have been telling investors that a rebound is right around the corner. As MarketWatch warned months ago, there was little evidence to back up those claims, and Nvidia Corp. admitted as much Thursday afternoon, throwing a wet blanket on an after-hours bounceback for its beleaguered stock and shares in other chip companies.
NYSE:SMH

Natural Gas prices move higher after the weekly EIA report released

energy sector
From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 106 billion cubic feet for the week ended May 10. The average forecast of analysts polled by S&P Global Platts had called for an increase of 101 billion cubic feet. Total stocks now stand at 1.653 trillion cubic feet, up 130 billion cubic feet from a year ago, but 286 billion below the five-year average, the government said. June natural gas NGM19, +1.46% traded at $2.630 per million British thermal units, up 2.9 cents, or 1.1%, from Wednesday's settlement. It was trading at $2.612 before the data.
NYSE:UNG May 16, 2019 6:18pm

Housing starts rose almost 6% in April

.From Jeffry Bartash and Andrea Riquier: The numbers: Construction on new houses rose almost 6% in April, but builders still lagged behind last year's pace despite a big drop in mortgage rates with the busy spring buying season in full throttle.
BATS:ITB

Is now the time to buy a house? Mortgage rates fall to to 2-month lows

From Andrea Riquier: Rates for home loans slid to two-month lows, in line with the broader bond market, even as all eyes are trained on the housing market for signs of how the crucial spring selling season will shape up.
NYSE:XHB

Gold prices retreat from the important $1,300 level

From William Watts: Gold futures retreated Thursday, gaining steam after a batch of domestic data, but remaining on track for a modest weekly gain.
NYSE:GLD

Gold remains below the important $1,300 level

gold bars
From Myra P. Saefong & Rachel Koning Beals: Gold prices finished modestly higher Wednesday, although remained below the psychologically significant price of $1,300, as benchmark U.S. stock indexes shook off earlier losses to move up by the time gold futures settled.
NYSE:GLD May 15, 2019 4:52pm

How the U.S. residential real estate market could take a major hit from the trade war

us china trade war photo
From Jacob Passy: The trade dispute between the U.S. and China reached a fever point in recent days, as Washington and Beijing have gone tit for tat in imposing higher tariffs on imports.
NYSE:XHB

International Energy Agency lowers forecast for oil due to tightening supplies

From David Hodari: Global oil supply dropped in April as falling production from sanction-hit Iran and dwindling supply in non-OPEC nations buoyed crude prices to a five-month high, the International Energy Agency said Wednesday.
NYSE:USO

US Dollar strengthened on Tuesday amidst U.S.-China trade-war concerns

stock board 2019
From Aaron Hankin: The U.S. dollar strengthened Tuesday, attempting to snap a 4-day losing streak against its key rivals, amid a contentious dispute between the U.S. and China over trade.
NYSE:UUP May 14, 2019 5:35pm

Oil trades higher after report of new attacks on Saudi production

oil increase and decrease stock photo
From Myra P. Saefong and Rachel Koning Beals : Oil futures shot higher Tuesday amid a new report of attacks on major Saudi facilities, which helped to raise supply concerns and push up prices.
NYSE:USO

China’s yuan to has its worst day in nearly 4 years

china flag
From Aaron Hankin: The Chinese yuan tumbled more than 1.1% versus the greenback Monday, on track to log its biggest daily loss in nearly four years, after trade relations between the U.S. and China headed toward a new low.
NYSE:UUP May 13, 2019 3:08pm

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