Category: Commodities
Global stocks advanced on Thursday, led by gains in oil and gas companies, after an incident involving oil tankers in the Gulf of Oman sent oil prices climbing.
Oil prices rose on Friday after OPEC decided to move up discussions on whether to extend record production cuts to Saturday, indicating that some laggard countries may have agreed to align themselves with the deal. Brent crude futures were up 95 cents, or 2.4 per cent, at $40.94 a barrel as of 0920 GMT, after […]
Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by continuing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading. Brent crude was up $1.19, or 3.7 percent, at $33.69 a […]
U.S. oil prices jumped on Wednesday, trimming some of this week’s losses, after U.S. stockpiles rose less than expected and on expectations demand will increase as some European countries and U.S. cities moved to ease coronavirus lockdowns. U.S. West Texas Intermediate (WTI) crude (CLc1) futures climbed to a high of $14.40 a barrel and were […]
Gold was up in Asia on Wednesday morning, adding to its gains from the previous session. Gold futures were up 0.22% to $1,726 by 12:16 PM ET (5:16 AM GMT). They gained 0.10% during the previous session. The anticipation from a U.S. Federal Reserve meeting scheduled for later in the day. This has boosted investors’ confidence as well as this has increased confidence level as asian stocks gain and the dollar retreat. The […]
U.S. crude fell below $30 on Monday as emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to tame markets and China’s factory output plunged at the sharpest pace in 30 years amid the spread of coronavirus. Brent crude was down $2.89, or 8.5%, to $30.96 a barrel by 1012 GMT. The front-month […]
Gold prices were little changed on Monday in Asia after data showed China’s second-quarter growth data slowed to a 27-year low but matched expectations. Gold futures for August delivery, traded on the Comex division of the New York Mercantile Exchange were little changed at $1,413.35 by 12:43 AM ET (04:43 GMT). Gold prices jumped from $1,200 […]
Gold prices rose on Tuesday in Asia amid U.S.-Iran Conflict. Gold prices for August delivery, traded on the Comex division of the New York Mercantile Exchange, were up 1.5% to $1,439.30. The U.S. announced it is imposing new sanctions on Iran on Monday. It was Washington’s response to Iran’s shooting down of an unmanned U.S. […]
Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the United States after U.S. Secretary of State Mike Pompeo said “significant” sanctions would be announced on Tehran. Brent futures were up 50 cents, or 0.8%, at $65.70 a barrel by 0655 GMT. West Texas Intermediate crude […]
Driven by simmering tensions between the U.S. and Iran, oil prices continued to trade higher during morning trade in Asia Friday hours after soaring to their highest level for the month. U.S. WTI crude futures were up 0.47% to $57.40 by 8:36 PM ET (00:30 GMT). Brent crude, traded in London, was up 0.42% to $64.78. […]
