Commodities

Oil prices were steady in early Asian trading on Wednesday, as industry data showed a drawdown in US crude inventories after the market fell in the previous session on fears that further sharp increases in US interest rates could hurt demand. Brent crude futures for April were up 8 cents …

Gold price outlook has deteriorated by extremely hawkish Fed Powell’s comments on Tuesday. S&P500 retreated on the prevalent dismal market mood as more rates from the Fed do a lot to confirm a US recession.At the time of writing, gold is trading at 1812.63 per ounce. The Gold Index (XAU/USD) …

Oil prices fell on Tuesday after a stronger dollar and weak oil data in China turned the market around after five days of gains. Brent crude futures fell 41 cents, or 0.48 percent, to $85.77 a barrel by 1250 GMT. US West Texas Intermediate crude fell 40 cents, or 0.5 …

France is witnessing massive demonstrations on Tuesday, March 7, against the pension reform proposed by President Emmanuel Macron, while unions expect to “paralyze” the country through strikes and demonstrations. “I call on the employees of this country, I call on citizens and retirees to demonstrate massively,” said the Secretary General …

Executives of major US oil companies held private meetings with top OPEC officials on Monday on the sidelines of a conference in Houston to discuss energy matters, people familiar with the matter said, continuing a tradition that began nearly five years ago when the two sides were fierce rivals. Both …

Oil prices rose on Tuesday after industry executives cited concerns about a lack of spare capacity in the market and uncertainty about Russian supplies as demand recovers from China, the largest importer of crude. Brent crude futures were up 40 cents, or 0.5%, at $86.58 a barrel by 0154 GMT, …

WTI reversed some of its earlier losses and is now up for a fifth straight day as it approaches the $80s region. In the last three weeks, it achieved the highest closing price in the futures markets. Despite expectations for a slightly less robust recovery in China’s economy, the bulls …

Monday’s gold price decline is caused by rising US Treasury bond yields, which are up 0.49%. US factory orders decreased less than anticipated, but market players paid it little attention. At the time of writing, the price of the precious metal was 1846.62 per ounce, down from its previous closing …

Oil prices fell on Monday after China set a modest target for economic growth this year of about 5 percent, which is lower than market expectations, while investors cautiously await Federal Reserve Chairman Jerome Powell’s testimony before Congress this week. Brent crude futures were trading down $1.30, or 1.5%, at …

In order to assist consumers cope with the rise of food prices, French Finance Minister Bruno Le Maire announced on Monday that he had achieved an agreement with the major grocery chains in the nation. Le Maire said at a press conference following his meeting with retail executives that food …