Commodities

Oil prices continue as one of the hottest issues across global financial markets. WTI Crude Oil has spent the most of the previous three months funneling lower, taking on the form of a falling wedge. Such formations are often tracked for bullish reversal potential.The price action is consistent with two …

Saudi Arabia’s energy minister said, on Monday, that OPEC+ has the means to deal with market challenges including cutting production at any time, in different forms.“Oil market has fallen into a self-perpetuating vicious circle of very thin liquidity, extreme volatility undermining market’s essential function of efficient price discovery,” the minister …

Natural gas prices jumped up nearly 20% as Russia gets ready to shut down vital pipeline again. News of another expected shutdown for the crucial Nord Stream 1 natural gas pipeline sent the region’s prices soaring to start the week.September Title Transfer Facility (TTF) natural-gas futures in the Netherlands jumped …

German chancellor visits Canada in pursuit of for alternatives to Russian natural gas. Chancellor Olaf Scholz plans to sign hydrogen supply chains deal as pressure mounts over looming winter crisis. The German chancellor describes his visit as an urgent mission to extract Germany from its dependence on Russian gas and …

Two sources from OPEC+ said that the bloc’s production was 2.892 million barrels per day lower than its target levels in July, as sanctions imposed on some members and reduced investment by others hampered the group’s ability to increase production. The two sources said compliance with production targets reached 546 …

Gold prices fell for the sixth consecutive session on Monday, hitting their lowest level in more than three weeks, affected by the strength of the dollar and expectations that the Federal Reserve will raise interest rates to curb rising inflation. And the price of gold in spot transactions 0.1 percent …

On Friday, WTI crude oil trades at $90.44 versus $90.11 on Thursday. Brent trades at $95.17 versus $90.75 on Thursday.Bearish sentiment dominated oil markets amid fears of demand destruction. Rumors on nuclear deal renewal are pushing crude prices down. Inventory draws in the US are pushing prices higher, but downward …

Gold is ending the trading week down more than $50 because the US dollar has strengthened to weigh, accordingly, on the precious metal ahead of the Jackson Hole economic symposium and Fed Chair Jerome Powell’s speech before the symposium. Next week’s significant catalyst will be Powell’s speech before the Jackson …

Oil prices fell on Friday, after two days of gains, and are on track to post a weekly loss on pressure from the strong dollar and fears of a global economic slowdown. Brent crude futures were down 97 cents, or 1 percent, at $95.62 a barrel by 0826 GMT. US …

Gold prices fell to a three-week low on Friday, as a stronger dollar and expectations of a US Federal Reserve interest rate hike dented the yellow metal’s allure. By 0451 GMT, spot gold fell 0.3 percent to $1,752.89 an ounce, after falling to its lowest since July 28 at $1,751.01 …