Commodities

Oil prices moved in a narrow range during early Asian trading on Tuesday, after rising in the previous session, as oil markets focused on developments in the banking crisis, concerns about supply, and indications of increased demand. Brent crude futures fell two years to $ 78.10 a barrel at 0018 …

Gold prices fell on Monday after the rise in stocks undermined the yellow metal’s attractiveness as a safe haven, while investors were assessing the steps taken by the authorities to allay fears of a crisis in the global banking system. Spot gold fell 1.4 percent to $1,949.99 an ounce by …

Oil production in the semi-autonomous Kurdistan Region of Iraq is under threat after the halt in exports from the northern region forced companies operating there to pump crude to storage facilities with limited capacity. Iraq was forced to stop about 450,000 barrels per day of crude exports from the Kurdistan …

Oil prices rose in early trade on Monday as concerns about turmoil in the banking sector eased. Brent crude futures rose 33 cents, or 0.4 percent, to $75.32 a barrel by 0040 GMT. The price of US West Texas Intermediate crude was $69.65 a barrel, up 39 cents, or 0.6 …

Financial markets witnessed a very volatile week as investors and traders tended to believe that officials’ efforts to calm banking turbulence would allay concerns that the 2008 financial crisis would recur. Recent central banker statements that sounded less hawkish are bolstering the cautious optimism. In particular, today’s light calendar and …

WTI crude oil, which had fallen by 3% in earlier trading, reduced its losses by 2% to end at $69.215 per barrel, returning to levels that are not much higher than they were almost two years ago. To end the day at slightly under $75 a barrel, Brent crude fell …

In spite of lower yields supporting gold, the US dollar has increased and is now weakening the Gold Index (XAU/USD). Geopolitical concerns are causing central banks to raise their gold holdings, according to a recent report. At the time of writing, the price of XAU/USD is $1,979.64.\ After halting in …

On Friday, banks-related anxiety caused the euro and pound to plunge against a rising dollar, as better-than-expected economic data failed to improve the mood. European banking stocks dropped on concerns that the largest issues to hit the industry since the 2008 financial crisis have not yet been resolved, with giants …

Since the Fed does not think that additional rate increases are necessary, gold is trying to move its auction beyond $2,000.00. Lower inflation and a cooling of demand would be the results of further tightening of credit conditions by American banks.As of the writing of this article, the price of …

The day on Thursday saw another rally in the crude oil markets as traders continued to observe some signs of recovery following a sharp selloff. The price of oil has increased somewhat during Thursday’s trading session to show rebound signs, breaching beyond the $70 threshold. At that point, it appears …