Category: Commodities
Oil prices fell further from 2019 highs on Friday, but was set for a thrid straight week of gains due to supply cuts led by producer club OPEC and by U.S. sanction on Iran and Venezuela. Brent crude futures were at $67.39 per barrel, 47 cents below their last close. Brent hit a four-month high […]
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 barrel up 18 cents, or […]
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 settlement. U.S. West Texas Intermediate (WTI) crude oil futures were also […]
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 outside the U.S., traded up 55 cents, […]
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 0.1% to $66.38. It hit $66.83 on Tuesday, its […]
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 benefits gold. This is happen […]
Oil prices: Brent Oil inched up on Friday but was heading for a weekly loss, pulled down by worries about a global economic slowdown, although OPEC-led supply cuts and U.S. sanctions against Venezuela provided crude with some support. Another factor that oil prices were high this week was a strong dollar. International Brent crude futures had erased earlier […]
Gold prices traded higher on Wednesday in Asia and hit an eight-month high ahead of a highly-anticipated meeting between Chinese and U.S. officials later in the day. Gold futures contract was up $4.40, or 0.3%, at $1,313.30 on the New York Mercantile Exchange’s; Comex division by 1:30 AM ET (06:30 GMT), the highest level since May 14. […]
Gold prices rose on Monday in Asia ahead of a U.S. Federal Reserve meeting later this week. The gold price now is trading above the $1,300. Gold prices rose on Monday in Asia Gold Futures were up 0.4% at $1,302.75 by 12:12 AM ET (05:12 GMT) on the Comex division of the New York Mercantile Exchange. Meanwhile, the […]
Oil prices rose by more than one percent on Friday as turmoil in Venezuela triggered concerns that its oil exports could soon be disrupted. Washington on Thursday signalled it could impose sanctions on Venezuela’s crude exports as Caracas descends further into political and economic turmoil. International Brent crude oil prices futures were at $61.89 a barrel at […]
