Commodities

Oil prices rose on Tuesday on a combination of a strong demand and supply cuts by the producer group OPEC. The financial markets also supported crude futures due to their increased today. However, analysts are still warned of risks to the global economy. US Crude oil futures were at $56.97 per…

Oil prices slipped on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed ongoing OPEC-led production cuts. International Brent crude futures were at $65.36 per barrel at 0440 GMT, down 50 cents, or 0.8 percent, from their last…

Crude prices were higher on Monday after news that the U.S. and China could be close to a trade deal and signs that American oil rigs are slowing production. West Texas Intermediate crude futures rose 47 cents, or 0.84%, at $56.27 a barrel. Brent crude futures, the benchmark for oil prices…

Oil prices were mixed on Wednesday in Asia, with the international Brent oil futures retreating from a three-month high as traders await more news on Chinese Trade Talks. U.S. Crude Oil WTI Futures were higher by 0.1% to $56.51 by 01:00 AM ET (06:00 GMT). International Brent Oil Futures fall…

Gold price rose while the U.S. dollar traded near flat on Tuesday in Asia as traders awaited clarity on U.S.-China trade talks. The precious metal has benefited from a weaker U.S. dollar during the past week, rising to a near-10 month high of 1,328 yesterday. When Dollar is weak usually…