Commodities

On Monday’s talks over the phone, Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin discussed OPEC+ cooperation with particular focus on the necessity to maintain the stability of crude oil prices ahead of a virtual OPEC+ meeting scheduled for Wednesday.Wednesday meeting, which will take place at 1100 …

WTI crud has dropped by over 1% on the day and is trading around $78.40 at the time of writing after falling from a high of $80.44 and reaching a low of $77.91 so far on the day, ending a bullish start to the year towards month-end and following its …

Uncertainty is mastering the scene across financial markets as central banks’ monetary policies are in the making to potentially push the economy worldwide into a recession as a side effect of the battle against hot inflation. Gold prices are slightly lower and silver slightly higher in early US trading session …

Interviewed on Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of trading week, and most notably: oil Oil is …

Gold prices moved in a relatively narrow range on Monday as investors around the world turned their attention to a series of central bank meetings, with particular focus on the Federal Reserve meeting. Spot gold rose 0.2 percent to $1,931.07 an ounce by 0717 GMT. US gold futures rose 0.1 …

The US Dollar Index began the trading week down around the 102 mark, hovering close to levels not seen since May 2022, as concerns about a US recession and prospects of a less aggressive Fed startled investors away from the American currency which closed the week at 101.9.Oil Price ActionOn …

US stocks rallied on Friday to mark another winning week fueled by better-than-expected economic growth and a pop in Tesla shares. The dollar index is now nearing a range that could lend support to the S&P 500, The USD Index latest reading is 101.922 versus the previous closing at 101.818.Key …

Oil prices steady lower on Friday, marking weekly flat performance to the downside amid indications of stronger Russian oil supply counterbalancing the better-than-expected rate of US economy’s growth in light of Friday’s PCE data, strong middle distillate refining margins and hopes of a quicker recovery of China’s demand levels.WTI crude …

Gold prices fell on Friday, as markets viewed strong US economic data as an impetus for the Federal Reserve to keep interest rates high for a longer period, but caution before inflation data and the Monetary Policy Committee meeting next week limited gold’s decline. Spot gold fell 0.2% to $1,926.09 …

Crude Gains On Signs Of Stronger Global Energy DemandCrude oil and gasoline prices on Thursday are moderately higher. Better-than-expected US economic data shows the US economy’s strength that is bullish for energy demand and fuel prices. There are also signs of strength in Chinese travel and consumer spending during the …