Commodities

Oil prices plummeted by 7% on Friday, hitting their lowest level since 2017, as concerns intensified regarding the potential economic repercussions of wide-ranging tariffs. This sharp downturn was compounded by a major oil-producing nation’s promise to increase output in case of war and a key oil producers’ group’s decision to …

This week, US President Donald Trump’s “Liberation Day” tariff plan—unveiled April 2—set off a global trade firestorm, slamming a 10% tariff on all imports from April 5 and steeper reciprocal duties (up to 54% on China) from April 9. China’s 34% counter-tariff, effective April 10, and looming retaliation from Europe …

Coffee prices are tumbling, with arabica and robusta dropping over 3% to two-month lows. A risk-off mood in asset markets and fears of tariffs hiking consumer costs are dragging down commodities, including coffee. The Brazilian real’s recent slide against the dollar has also spurred export sales from Brazil, the top …

Oil prices plummeted by 7% on Friday, hitting their lowest level since 2017, as concerns intensified regarding the potential economic repercussions of wide-ranging tariffs. This sharp downturn was compounded by a major oil-producing nation’s promise to increase output in case of war and a key oil producers’ group’s decision to …

Gold prices have declined for the second consecutive day, sliding more than 2.80% to a seven-day low of $3,023 per troy ounce, as the metal’s safe-haven allure fades. The drop follows remarks from Federal Reserve Chair Jerome Powell during a conference in Virginia, where he adopted a hawkish tone that …

European shares fell sharply on Friday, poised for their steepest weekly decline in three years, as investors grew increasingly anxious about a potential global recession after U.S. President Donald Trump unveiled sweeping tariffs targeting key trading partners. The pan-European STOXX 600 index dropped 1.8% by 0815 GMT, bringing its weekly …

Gold prices retreated slightly in Asian trading on Friday but were still headed for their fifth consecutive weekly advance, buoyed by sustained safe-haven demand amid concerns over U.S. President Donald Trump’s extensive tariff measures. Spot Gold slipped 0.4% to $3,101.35 per ounce by 02:10 ET (06:10 GMT). Earlier this week, …

A significant shift in global oil markets occurred as major oil-producing nations announced a larger-than-anticipated supply increase, triggering a sharp drop in crude prices. The decision, made by a coalition of key oil-producing countries, will see an additional 411,000 barrels per day entering the market beginning next month.This move, intended …

Oil prices dropped sharply on Thursday, extending steep declines as the OPEC+ alliance decided to accelerate the reversal of previous production cuts in May. This announcement amplified losses already triggered by sweeping new tariffs announced by U.S. President Donald Trump on Wednesday. By 1305 GMT, Brent crude futures had slumped …

Germany and France are advocating for a robust European Union response following U.S. President Donald Trump’s latest tariff measures, pushing the bloc to adopt a more assertive stance in countering Washington’s escalating trade actions, according to a Bloomberg report published Thursday. A day after President Trump unveiled his controversial “Liberation …