Commodities

WTI soared on Friday, posting a fourth straight weekly increase as it reached the 200-day Simple Moving Average (SMA) at $76.82. With a 1.89% weekly gain, WTI crude oil also increased by more than 1% near $76.80.On Friday, oil prices increased by more than $1 a barrel, supported by mounting …

Russian President Vladimir Putin launched the first line of the Arctic LNG2 project in Murmansk, the first phase of a giant Arctic liquefied natural gas (LNG) project in which the French group Total Energy was a party before its withdrawal in 2022. The value of the project is estimated at …

Gold prices continued to gain for the third week in a row, Friday, July 21, supported by hopes that the US Federal Reserve will stop raising interest rates after its meeting this month. And by 06:15 GMT, gold in instant transactions increased 0.1% to $ 1970.69 an ounce, up 0.7% …

Brent crude prices rose in Asian trading on Friday, amid market assessments of the possibility of announcing economic stimulus measures in China after weak economic data, as well as falling inventories in the United States and reducing supplies from two major producers. Brent crude futures rose 63 cents to $80.27 …

WTI barrel reached a high of $76.11 on Thursday, but later settled below $76.00. The US crude benchmark is currently trading at $75.72. The WTI’s upwards potential is limited by a cautious market environment and a strong dollar, while reports of oil American stocks may limit the downside. Crude oil …

The price of gold has fallen from 7-week highs at $1,987.42 as concerns over the Fed continuing to tighten conditions past the July meeting were rekindled by economic data from the US. As a result, US Treasury bond yields increased, which hurt the price of gold. Earlier on the day, …

The White House warned on Wednesday that Russia may expand its targeting of Ukrainian grain facilities to include attacks on civilian shipping in the Black Sea. White House National Security Council spokesman Adam Hodge said that US officials have information indicating that Russia has deployed additional naval mines at the …

On Thursday, gold prices rose to a nine-week high thanks to a weaker dollar and bets that the Federal Reserve may soon halt its rate-raising cycle. And by 0325 GMT, spot gold rose 0.5 percent to $ 1987.18 an ounce, the highest level since mid-May. US gold futures rose 0.4 …

Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter U.S. crude supplies and China’s pledge to reinvigorate its economic growth.Brent futures dipped 17 cents at $79.46 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 40 cents at $75.35 a barrel.Prices pared gains …

Gold fell on Wednesday, after touching a one-and-a-half-month high in the last session, affected by a slight rise in the dollar, despite investors’ expectations that recent US economic readings will convince the Federal Reserve to stop the cycle of raising interest rates. Spot gold fell 0.1 percent to $1,976.05 an …