5/10/2023 0 Comments Price of oil market watch![]() Gold rose ahead of the Jackson Hole symposium. View the futures and commodity market news, futures pricing and. According to CNBC, the spot gold price is up 0.2% to US$1,765.1 an ounce. WBS.1 A complete Crude Oil - WTI (IFEU /bbl) Front Month futures overview by MarketWatch. Gold miners Evolution Mining Ltd ( ASX: EVN) and Regis Resources Limited ( ASX: RRL) will be on watch following a mildly positive night for the gold price. It recently said: “We are ~4% above consensus for FY23e sales and ~5% above consensus for EBIT.“ Gold price edges higher The broker is also expecting a stronger outlook than the market is forecasting. According to a note out of Citi, its analysts are expecting a net profit after tax of $1,523 million. The Woolworths Group Ltd ( ASX: WOW) share price will be one to watch on Thursday when the retail giant releases its full year results. Oil prices lifted amid concerns that the United States will not consider additional concessions to Iran. According to Bloomberg, the WTI crude oil price is up 1.6% to US$95.21 a barrel and the Brent crude oil price is up 1.3% to US$101.54 a barrel. Oil prices continue to riseĮnergy shares including Santos Ltd ( ASX: STO) and Woodside Energy Group Ltd ( ASX: WDS) could have another decent day on Thursday after oil prices rose again on Wednesday night. The market will no doubt be looking for signals that a return to profit is now on the cards. We describe the seven key factors that could influence oil markets and explore possible linkages between each factor and crude oil prices. Consensus estimates are for net losses of $264 million and $1.2 billion, respectively. What drives crude oil prices: Overview EIA assesses the various factors that may influence crude oil prices physical market factors as well as those related to trading and financial markets. Travel agent Flight Centre Travel Group Ltd ( ASX: FLT) and airline operator Qantas Airways Limited ( ASX: QAN) are both scheduled to release their full year results and are expected to report sizeable losses. ![]() ![]() Travel resultsĪ couple of ASX 200 travel shares will be handing down their results on Thursday. On Wall Street, the Dow Jones rose 0.2%, the S&P 500 was up 0.3%, and the NASDAQ pushed 0.4% higher. According to the latest SPI futures, the ASX 200 is expected to open the day 31 points or 0.45% higher this morning. The Australian share market looks set to rise again on Thursday after Wall Street snapped a three-day losing streak. Will the market be able to build on this on Thursday? Here are five things to watch: ASX 200 expected to rise The benchmark index rose 0.5% to 6,998.1 points. On Wednesday, the S&P/ASX 200 Index (ASX: XJO) ended its losing streak and pushed higher.
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