Commodities

Friday witnessed losses of both ProShares Ultra Bloomberg Natural Gas and the US Natural Gas Fund by almost 13% and 6.6%, respectively, during midday trading. Two of the largest energy-focused ETFs, the Energy Select Sector SPDR Fund and the  iShares U.S. Oil & Gas Exploration & Production ETF , both …

Oil future contracts changed a little bit during the choppy trading session on Friday ahead of the meeting of OPEC+ scheduled for Sunday and an EU ban on Russian crude which will come in force as of Monday, December 5.WTI crude futures rose 11 cents, or 0.1%, to $81.35 per …

Oil prices witnessed volatile performance on Friday, as hopes for further easing of Coronavirus restrictions in China and the subsequent recovery in demand in the world’s second-largest economy boosted market sentiment, but the rise of the dollar limited the gains. Brent crude futures fell 1 cent, or 0.01%, to $86.87 …

Gold prices fell on Friday before the announcement of important US jobs data. However, they are still on track to record the best weekly performance in three weeks, with the dollar weakening due to expectations of a slowdown in the rate hike at the Federal Reserve and indications of declining …

Oil prices fell in early Asian trade on Friday after the dollar recovered some of its losses, while the easing of anti-COVID-19 restrictions in two Chinese cities limited losses. By 0128 GMT, Brent crude futures fell 11 cents, or 0.1 percent, to $86.77 a barrel, while West Texas Intermediate crude …

Estonia is holding a hawkish stance insisting that capping the prices of oil to a level could have no impact on Russia’s war.Estonia is pressured by other EU member states in order not to go forward with the nation’s threat to veto a US-proposed cap on the price of Russian …

Oil prices rose in early Asian trade on Thursday, supported by signs of tight supply and optimism about a recovery in demand from China. And by 0115 GMT, Brent crude futures prices rose five cents to $87.02 a barrel. West Texas Intermediate crude futures rose 16 cents, or 0.2 percent, …

Gold prices jumped to a two-week high in early Asian trade on Thursday after Federal Reserve Chairman Jerome Powell’s speech boosted expectations of a lower US interest rate hike. By 0039 GMT, spot gold rose 0.4 percent to $1,775.77 an ounce, after touching its highest level since November 16. US …

Gold price begins December on a firmer standing around $1,768, after posting the biggest monthly gains in 29 months during November. The precious metal’s latest run-up could be linked to the dovish messages by Fed Chair Jerome Powell, as well as optimism surrounding China. Gold buyers are expected to take …

Gold prices rose on Wednesday, on their way to recording the largest monthly increase in more than two years, while investors await the speech of Federal Reserve Chairman Jerome Powell, seeking any indications on the path of the US central bank’s monetary policy. Spot gold rose 0.6 percent to $1,760.56 …