Trial now

Futures Resume Rise


AOFM Weekly Issuance Slate


Stronger As Gathering Limits Eased


China Repo Rates Diverge Friday

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • Oil markets were initially non-directional following Iranian election results that came in largely inline with expectations, with Ebrahim Raisi winning comfortably. Oil began to tick higher, however, as markets carefully eyed the President-Elect's first comments, oil traded more warily.
  • Analysts are concerned that rights groups in the US could lean on negotiators to impose stricter demands on the lifting of Iranian sanctions given Raisi's alleged involvement in a series of mass killings and crackdowns.
  • Elsewhere, Bank of America upped their oil call to be one of the most bullish on energy on the street, with the bank citing pent-up demand and a lack of mass transit capacity driving up private car use. As such, the Bank see WTI crude rising to as much as $100/bbl next year.
  • Gold and silver both traded firmer Monday, with a weaker greenback helping relieve some of the recent downside pressure. Next level in gold sits at $1797.3.