Category: Commodities
Oil prices edged higher early on Wednesday as market participants expected official US data – due for release later today – to show a drop in the nation’s crude inventories. Oil Prices today: U.S. Crude Oil WTI Futures gained 0.3% to $54.28 by 12:57 AM ET (04:57 GMT). International Brent Oil Futures rose 0.2% to $62.23. Citing Venezuela’s oil […]
Gold price is trading positive on Tuesday as investors are expecting a rate cut by the Fed on Wednesday. Also, they are digesting Trump last tweet blaming ECB Draghi’s stance on Euro. The investing market is watching the Federal Reserve 2-day meeting closely as the primary catalyst for movements. Equities are trading higher, dollar is […]
Oil prices fell more than 1% on Wednesday, weighed down by a weaker oil demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts. Brent crude futures, the international benchmark for oil prices, were down 87 cents, or 1.4%, at $61.42 a barrel by 0231 GMT. U.S. West Texas Intermediate (WTI) crude futures […]
Oil prices slide around 1% on Monday, extending losses of over 3% from Friday, when crude markets slipped to their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown. Brent crude futures were at $61.28 at 0659 GMT. That was 71 cents, or 1.1%, […]
Oil prices rose on Thursday after an industry report showed a decline in U.S. crude inventories that exceeded analyst expectations. U.S. West Texas Intermediate (WTI) crude futures added 26 cents, or 0.4%, at $59.07 a barrel by 0258 GMT. They closed down 0.6% on Wednesday after hitting their lowest since March 12 at $56.88. Brent crude futures, […]
Gold prices touched a more than one-week high on Monday as fears of a protracted U.S.-China trade war, while poor economic data from the United States bolstered bets of a U.S. Federal Reserve rate cut. Gold Prices Spot gold edged 0.1% higher to $1,286.21 per ounce as of 0714 GMT. Earlier in the session, the […]
Oil prices recouped more than 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week. Brent crude futures were at $68.65 per barrel at 0534 GMT, up 89 cents, or 1.3%, from their last […]
US oil prices climbing back above $64 a barrel. The situation in Libya escalated surprisingly quickly last week when the Libyan National Army, a formation affiliated with the eastern Libyan government, launched an attack on the UN-recognized cabinet in Tripoli. The attack followed a statement by LNA leader General Khalifa Haftar that Libya will soon have […]
Oil prices slid on Thursday after data showed an unexpected rise in U.S. inventories. U.S. Crude Oil WTI Futures slid 0.3% to $59.23. International Brent Oil Futures were down 0.2% to $67.13. The U.S. Energy Information Administration (EIA) reported that U.S. crude stocks increased by 2.8 million barrels last week. Markets previously expected a decrease of 1.2 million barrels. The […]
Oil prices rose on Tuesday, pushed up by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although concerns about a potential recession kept markets from rising further. Brent crude oil futures were at $67.48 per barrel, up 27 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate […]
