Commodities

Russian President Vladimir Putin has ordered the government to provide state funding to ensure a smooth heating season, including by imposing regulations on the prices of fuel oil for home heating in some regions, the Kremlin said on Thursday. Russia has been facing a fuel shortage and rising prices in …

Oil prices rose in early trading on Thursday, compensating for part of the large losses incurred in the previous session after the OPEC+ Joint Ministerial Monitoring Committee maintained oil production cuts, meaning a continued supply shortage amid fears of an imminent decline in global economic growth. Brent crude futures rose …

While US WTI slid $3.29, or 3.69 percent, to $85.94 per barrel, Brent crude oil futures were down $3.30, or 3.63 percent. On Wednesday, October 4, oil plummeted by more than $3 a barrel as worries about macroeconomic headwinds’ impact on demand outweighed Saudi Arabia’s and Russia’s commitments to maintain …

Gold price up by 0.07%; trading at $1823.78 per ounce at the time of writing. The precious metal is looking forward to recovery due to softer than expected US ADP Employment Change data. Job vacancies by US employers were upbeat in August, indicating strong labor demand. However, the US Services …

OPEC+ sources told Reuters that the alliance is unlikely to change its current oil production policy when the Joint Ministerial Monitoring Committee meets on Wednesday, while Saudi Arabia and Russia said they would maintain voluntary supply cuts to support the market. Ministers of the Organization of the Petroleum Exporting Countries …

Gold prices returned on Wednesday, heading towards the lowest level in seven months, in light of the rise in the dollar and Treasury bond yields after strong US jobs data, which maintained expectations of further monetary tightening, while palladium fell to its lowest level since late 2018. Spot gold prices …

Oil prices fell on Wednesday ahead of a meeting of a committee of OPEC+ ministers as the market balanced expectations of supply shortages with fears that higher interest rates would reduce demand for oil. Brent crude futures fell six cents to $90.86 a barrel by 0345 GMT, while US West …

WTI is aiming to recoup $88.50 as energy prices show some improvement. Last week, crude oil fell sharply as a result of widespread risk-off flows that caused investors to flock to the US Dollar. Crude oil prices fell to a three-week low as the US Dollar Index reached a ten-month …

Gold selling continued on Tuesday and recorded the longest losing streak since August 2022 in the last session after Federal Reserve (US central bank) officials confirmed the possibility of interest rates remaining high, while job vacancy data in the United States is released later on Tuesday. Gold fell in spot …

The key event in the Asian session, Tuesday, will be the Reserve Bank of Australia meeting. Later in the day, Switzerland will report consumer inflation, and in the US, the JOLTS Job Openings data will be released.Key DevelopmentsThe US dollar made a great start to the week, continuing the upward …