Eugen Weinberg - Commerzbank

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Last quote by Eugen Weinberg

Dollar weakness is driving the gold price. It's not just against the euro, it's against most major currencies. U.S. politics is a mess and U.S. data has not been inspiring.feedback
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Jul 31 2017
Eugen Weinberg has been quoted 27 times. The one recent article where Eugen Weinberg has been quoted is OPEC unlikely to throw in the towel despite losing its pricing power, says Commerzbank. Most recently, Eugen Weinberg was quoted as having said, “The fairly short-lived effect of production cuts on oil prices shows that OPEC's market impact via 'supply control' is very limited. We have been pointing out for years that OPEC has lost its 'pricing power'. Even so, OPEC is unlikely to throw in the towel already and make another U-turn, but will extend the agreement instead.”.
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Eugen Weinberg quotes

Aug 22 2016

Metals are trading on the dollar and the latest copper export data from China doesn't help.feedback

Aug 03 2016

The sentiment is still quite negative and depressed on oil prices.feedback

Mar 22 2016

I wouldn't be surprised to see some market participants ... saying the price increase that we've had has been enough.feedback

Feb 03 2016

The real move is due to the fact that, in the longer-term, prices of $30 are unjustified, so whoever had a short position in the market, would (see this as) a good time to close this position, due to the high volatility and high uncertainty in the market.feedback

Jun 19 2014

Iraq is one of the world's most important oil exporters and producers. It is now number two within OPEC behind Iran. Even a small reduction of Iraq's output will have a huge impact on the oil price and some analysts targetting $125, even $150 dollars a barrel.feedback

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