Silver Market Update : Epic Research Singapore

Meanwhile, September silver SIU6, -0.13% which has tended to uncouple from gold in recent sessions, eased 15.7 cents, or 0.8%, to settle at $20.165 an ounce, but, unlike gold, finished with a seventh week of gains, rising 0.3%.

Silver futures pulled back in Thursday trading after settling near a two-year high on Wednesday due to both haven and industrial-use demand.

September copper HGU6, -0.45%  fell 1 cent to settle at $2.234 a pound, up about 5.5% for the week. October platinum PLV6, -0.51%  shed $10.20, or 0.9%, to settle at $1,094.40 an ounce, with prices down 0.6% for the week. September palladium PAU6, -0.15%  settled at $647.40 an ounce, down $3.70, or 0.6%. It was ready to notch a weekly gain of 4.9%.

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Gasoline Market Update : Epic Research Singapore

On Nymex Thursday, August gasoline RBQ6, -0.60%  climbed 3.6 cents, or 2.6%, to $1.414 a gallon and August heating oil HOQ6, -0.43%  finished up 2.6 cents, or 1.9%, to $1.406 a gallon.

August natural gas NGQ16, -0.07%  fell a penny, or 0.4%, to settle at $2.727 per million British thermal units after the U.S. Energy Information Administration reported that supplies of the commodity rose 64 billion cubic feet for the week ended July 8. Analysts polled by S&P Global Platts expected an average rise of 60 billion cubic feet.

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Oil Market Update : Epic Research Singapore

Oil futures settled higher on Thursday to recoup nearly half of what they lost a day earlier, as traders held out hope that the recent price declines will help keep crude production at bay.

The dollar-denominated commodity also got an added boost after the Bank of England’s surprise decision to leave its key interest rate at a record low lifted the British pound GBPUSD, +0.8243% putting some pressure on the U.S. dollar.

August West Texas Intermediate crude CLQ6, -0.53%  rose 93 cents, or 2.1%, to settle at $45.68 a barrel on the New York Mercantile Exchange. Week to date, it has gained about 0.6% but was down nearly 6% for the month so far. September Brent crude LCOU6, -0.46%  on London’s ICE Futures exchange rose $1.11, or 2.4%, to end at $47.37 a barrel.

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Platinum Market Update : Epic Research Singapore

Elsewhere in metals, October platinum PLV6, -0.06%  rose $4.40, or 0.4%, to $1,104.60 an ounce, while September palladium PAU6, +0.28% edged up $6.90, or 1.1%, to $651.10 an ounce. September copper HGU6, +0.02%  added less than half a cent to $2.243 a pound.

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Natural Gas Market Update : Epic Research Singapore

Back on Nymex, August natural gas NGQ16, +0.69%  ended at $2.737 per million British thermal units, up less th an half a cent ahead of the EIA’s Thursday update on the commodity’s supplies.

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Oil Market Update : Epic Research Singapore

Oil futures fell more than 4% Wednesday, giving up just about all of their gains from a day earlier, after a government report revealed that U.S. output edged higher in the latest week, and supplies of gasoline and distillates saw sizable gains.

The report from the Energy Information Administration also showed that crude stockpiles fell a bit less than some analysts expected.

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Platinum Market Update : Epic Research Singapore

Elsewhere in metals, October platinum PLV6, -0.16%  added $2.30, or 0.2%, to $1,100.20 an ounce, while September palladium PAU6, +0.17%  gained $15.25, or 2.4%, to $644.20 an ounce.

September copper HGU6, +0.07%  added 2.7 cents, or 1.2%, to end at $2.24 a pound.

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Gold Market Update : Epic Research Singapore

 August gold GCQ6, -0.09%  gained $8.30, or 0.6%, to finish at $1,343.60 an ounce following a four-session decline.

Meanwhile, Silver futures returned to a nearly two-year settlement high on Wednesday, as the U.S. stock market paused their recent rally, providing a lift to gold prices, which marked their first climb in five sessions.

September silver SIU6, -0.11% which has been the highflier relative to gold in recent weeks, added 24.2 cents, or 1.2%, to settle at $20.413 an ounce. Silver, which has been getting an additional boost from its use as an industrial commodity, saw its highest settlement since late July 2014, according to FactSet.

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Copper Market Update : Epic Research Singapore

Moves for metals also come as the ICE U.S. dollar index DXY, -0.09% edged down 0.1% as the dollar eased against other chief rivals. Precious metals and the dollar often move inversely but can break that relationship from time to time.

Elsewhere in metals, September copper HGU6, +2.46% added 6.6 cents, or 3.1%, to $2.213 a pound. October platinum PLV6, +0.08%  fell $10.20, or 0.9%, to $1,097.90 an ounce, while September palladium PAU6, +0.32%  shed $3.20, or 0.5%, to $628.95 an ounce.

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Silver Market Update : Epic Research Singapore

Silver futures turned lower on Tuesday, surrendering what would have been a nearly two-year settlement high as a rally in U.S. equities tarnished the appeal of precious metals, including gold.

September silver SIU6, +1.38% pulled back, losing 13 cents, or 0.7%, to settle at $20.17 an ounce.

Silver had traded as high as $20.595 an ounce early Tuesday, buoyed by hedging demand and for its use as an industrial commodity. Prices for the white metal have posted gains in eight of the last nine trading sessions. Prices finished Monday at $20.304, the highest since August 2014, according to FactSet.

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Natural Gas Market Update : Epic Research Singapore

On Nymex, August natural gas NGQ16, -0.07%  settled at $2.734 per million British thermal units, up 3.2 cents, or 1.2%.

August gasoline RBQ6, -1.24%  tacked on 4.7 cents, or 3.4%, to $1.430 a gallon and August heating oil HOQ6, -0.81%  also added 4.7 cents, or 3.3%, to $1.463 a gallon.

At the retail level, GasBuddy.com pointed out that gasoline prices have been falling for 30 days straight despite strong demand for the fuel.

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Oil Market Update : Epic Research Singapore

Oil futures settled higher Tuesday, rebounding from a two-month low as a report from the Organization of the Petroleum Exporting Countries revealed forecasts for higher oil demand and lower production next year.

On the New York Mercantile Exchange, August West Texas Intermediate crude CLQ6, -0.49%  rose $2.04, or 4.6%, to settle at $46.80 a barrel. That was the highest finish since July 6, according to FactSet. September Brent crude LCOU6, -0.62%  gained $2.22, or 4.8%, to $48.47 a barrel on the ICE Futures exchange in London.

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Oil Market Update : Epic Research Singapore

Oil futures settled at their lowest level in two months on Monday after a survey revealed that crude production from members of the Organization of the Petroleum Exporting Countries has climbed to a nearly eight-year high.

The report exacerbates concerns that global output is set to climb as recent supply disruptions ease.

OPEC’s June crude production rose 300,000 barrels a day from a month earlier, to 32.73 million barrels a day, which is the highest level since August 2008, according to S&P Global Platts.

August West Texas Intermediate crude CLQ6, +0.58% lost 65 cents, or 1.4%, to settle at $44.76 a barrel on the New York Mercantile Exchange. The September contract for global benchmark Brent crude LCOU6, +0.61%  fell 51 cents, or 1.1%, to finish at $46.25 a barrel on the ICE Futures exchange in London.

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Copper Market Update : Epic Research Singapore

Elsewhere in metals, September copper HGU6, +0.33%  added 2.8 cents, or 1.3%, to settle at $2.148 a pound after ending 4% lower last week. October platinum PLV6, -0.67%  rose $7.90, or 0.7%, to finish at $1,108.10 an ounce, while September palladium PAU6, -0.69% tacked on $8.65, or 1.4%, to close at $625.75 an ounce.

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Gasoline Market Update : Epic Research Singapore

Gasoline supplies edged down by 100,000 barrels, while distillate stockpiles fell 1.6 million barrels last week, according to the EIA.

August gasoline RBQ6, +0.57%  fell 7 cents, or 4.9%, to $1.363 a gallon, while August heating oil HOQ6, +0.67%  declined by 6.1 cents, or 4.1%, to $1.411 a gallon.

July natural gas NGQ16, -0.90%  fell less than a penny, or 0.3%, to $2.777 per million British thermal units after tapping a high of $2.841.

The five-year average increase is 77 billion cubic feet, according to Williams. “We are still well above the five-year average of gas in storage but are converging toward the norm every week [with] high use by power companies and a little decline in production.”

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Oil Market Update : Epic Research Singapore

Oil futures dropped by nearly 5% Thursday to settle at their lowest level in two months after U.S. government data showed a smaller-than-expected weekly decline in crude-oil inventories.

That, combined with ongoing worries about a potential slowdown in energy demand, pulled prices sharply lower even though the data also revealed a seventh-straight weekly fall for crude stockpiles and a sizable drop in daily domestic oil production.

Natural-gas futures, meanwhile, tracked oil’s move lower. They pulled back from an earlier rally fueled by a weekly climb in U.S. supplies that came in under market expectations and was roughly half the average increase for this time of year.

August West Texas Intermediate crude CLQ6, +0.89%  fell $2.29, or 4.8%, to settle at $45.14 a barrel on the New York Mercantile Exchange, after climbing 1.8% a day earlier. Prices, which were trading at $47.85 before the supply data, saw their lowest finish since May 10, according to FactSet.

Brent crude LCOU6, +1.06% lost $2.40, or 4.9%, to $46.40 a barrel on London’s ICE Futures exchange, also ending at a two-month low.

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Copper Market Update : Epic Research Singapore

Other metals finished on a mixed note. September copper HGU6, -0.26%  lost 3 cents, or 1.4%, to $2.124 a pound, but October platinum PLV6, -0.59%  rose $3.80, or 0.4%, to $1,095.10 an ounce and September palladium PAU6, -0.74%  ended at $612.35 an ounce, up $4.80, or 0.8%.

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Oil Market Update : Epic Research Singapore

Oil futures settled higher Wednesday as support from some softening of in the dollar and expectations for a seventh-straight weekly decline in U.S. crude inventories offset pressure from a potential slowdown in fuel demand.

Crude oil for August delivery CLQ6, +0.44%  rose 83 cents, or 1.8%, to settle at $47.43 a barrel on the New York Mercantile Exchange. Prices, which had touched a low of $45.92 early Wednesday, had marked its lowest settlement since June 27 on Tuesday, according to FactSet data. Brent oil for September LCOU6, +0.35%  added 84 cents, or 1.8%, to $48.80 a barrel on the ICE Futures exchange in London.

August futures prices for gasoline RBQ6, +1.27%  added less than half a cent to $1.433 a gallon, after sinking 5.6% a day earlier. August heating oil HOQ6, +0.76%  settled up 2.6 cents, or 1.8%, at $1.471 a gallon.

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Silver Market Update : Epic Research Singapore

On Wednesday, September silver SIU6, +0.01%  settled at $20.203 per ounce, up 29.6 cents or 1.5%, after tapping a high of $20.585.

Among other metals on Comex, September copper HGU6, +0.28%  edged down by 3 cents, or 1.4%, to $2.154 a pound. October platinum PLV6, +0.04%  tacked on $14.40, or 1.3%, to $1,091.30 an ounce and September palladium PAU6, +0.14%  rose $4.90, or 0.8%, to $607.55 an ounce.

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Natural Gas Market Update : Epic Research Singapore

Elsewhere in the energy space on Monday, natural gas NGQ16, -2.51%  slumped 2.6% to $2.91 per million British thermal unit, easing back from its highest close since May 2015 reached on Friday.

Gasoline RBQ6, -1.68%  on Monday was flat around $1.51 a gallon, while heating oil gained 0.5% to $1.52 a gallon.

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