Commodities

French President Emmanuel Macron announced EU member states could satisfy gas storage targets, having 92-93% of the storage capacity already filled.Macron’s statements came after his phone talks with German Chancellor Olaf Scholz. Markets paid little attention to these comments and EUR/USD was last losing 0.3% on the day at 0.9920.Additional …

In its most recent ministerial meeting, the OPEC group decided to reduce oil production by 100,000 barrels per day, compared to the increase approved during the last meeting. The OPEC + ministerial meeting confirmed the negative impact of volatility and low liquidity on the current oil market, and the need …

Iranian Foreign Ministry Spokesman Nasser Kanaani said on Monday that Iran is asking the International Atomic Energy Agency to stop its investigations into Iran’s nuclear activity, noting that this was one of Iran’s conditions for reviving the joint nuclear agreement. The spokesman said in a press statement that Iran is …

Gold prices stabilized on Monday, after jumping as much as 1.2 percent in the previous session, as cautious investors focused on the path of the Federal Reserve (US Central Bank) raising interest rates after swinging job data. There was no change in the price of gold in spot transactions at …

Oil prices jumped more than $1 a barrel on Monday, extending gains as investors awaited possible moves by OPEC+ producers to adjust production and support prices at a meeting later on Monday. Brent crude futures rose $1.43, or 1.5 percent, to $94.45 a barrel by 0054 GMT, after rising 0.7 …

The USD/JPY modestly fell on Friday, after hitting earlier at 140.79, the highest level since 1998. The weaker US Dollar impacted the pair following the official US employment report.gold traded at $1711.40 versus the previous closing price at $1696. Although gold was relieved by $20 rally after the key US …

At the time of writing, gold is trading at $1711.40 versus the previous closing price at $1696. Although gold was relieved by $20 rally after the key US jobs data, traders opt to stay cautious because of the generally negative macroeconomic data as well as the current gold’s dangerous technical …

Crude oil gained 0.64 cents on Friday and trades at $87.25 versus Thursday’s close at $86.61. Crude prices rallied, on Friday, on the US session’s weaker dollar, declining US oil rigs by 9, in addition to retreating US-Iran talks. The US State Department said that the latest Iranian response in …

Finance ministers from the G7 announced an agreement Friday to impose a cap on the price importers pay for Russian oil, in a bid to shrink a key source of revenue the Kremlin uses to finance its war in Ukraine.“We seek to establish a broad coalition in order to maximize …

Oil prices rose on Friday, thanks to expectations that the OPEC + cartel will discuss production cuts at a meeting on the fifth of September, but concerns about restrictions to combat Covid-19 in China and the weakness of the global economy continued to limit the gains. By 1140 GMT, Brent …