Saxo Group Videos

Hansen: Oil bulls are charging while gold sits on the fence

It’s been another action packed week for oil as a dramatic rally in prices continues, says Saxo Bank’s Head of Commodities Ole Hansen. The oil bulls are charging after renewed bombing in Yemen and signs of a slowdown in US production.

Meanwhile gold is having a hard time figuring out which leg to stand on, Hansen says. Despite support from weak economic data and the US dollar, the price of gold remains stuck in the 1184-1209 range, and Hansen is concerned that any break will be lower.

02:20 minutes
Tags: brent, brent crude, brent geo-political, brent oil, brent price, brent spread, brent wti, brent wti spread, bulls, commodities, commodities gold, commodities markets, commodities oil, commodity, commodity gold, commodity market, commodity markets, commodity oil, commodity outlook, commodity prices, commodity strategy, commodity trading, gold, gold commodity, gold levels, gold price, gold range, gold trade, gold trading, hansen, oil, oil commodities, oil demand, oil inventories, oil market, oil markets, oil price, oil prices, oil production, oil range, oil stocks, oil supplies, oil supply, oil trading, ole, ole hansen, ole hansen commodities, ole s hansen, ole saxo, olehansen, oleshansen, saxo, saxo bank, saxo bank commodities, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, saxowebtrader, trader, trading, trading commodities, trading floor, trading gold, trading oil, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloorcom, wti, wti and oil, wti brent, wti brent spread, wti crude, wti crude oil, wti price, wti supply, wti us, wti vs brent, wticrude

Switch to