Commodities

Oil prices approached stability on Friday, as optimism about a possible increase in energy demand in China dashed and markets weighed on fears of rising inflation. Brent crude futures fell 12 cents to trade at $92.26 a barrel by 0219 GMT. West Texas Intermediate crude futures fell four cents to …

The gold price has moved back to flat position on the day to print around $1,629.25 after moving between the $1,622.54 low and the $1,628.93 high for most of the session, reversing two losing sessions as the US dollar eased. At the time of writing the precious metal is trading …

WTI futures are trading higher for the second consecutive day on Thursday, to depart the last two weeks’ downtrend. WTI crude has extended its recovery from Tuesday’s lows at $82.15 to session highs at $87.10 before retreating around $86.00 zone. The American crude is trading at $84.47 per barrel at …

Gold prices rose on Thursday due to a slight decline in the dollar, although higher Treasury yields and the prospect of further interest rate hikes by the Federal Reserve capped gains. By 0909 GMT, spot gold rose 0.2 percent to $1,631.54 an ounce. US gold futures rose 0.1 percent to …

Gold prices hovered at a three-week low on Thursday, pressured by the rise in the dollar and the yield on Treasury bonds, amid fears that the Federal Reserve will continue to raise interest rates by a significant amount. And by 0049 GMT, gold fell in spot transactions 0.1 percent to …

Oil prices rose nearly $1 on Thursday as investor sentiment rose on news that China is considering reducing the duration of the quarantine for arrivals. By 0610 GMT, Brent crude futures for December settlement rose 80 cents, or 0.9 percent, to $92.21 a barrel. West Texas Intermediate crude futures for …

Gold has been plagued by accelerating decline. On Wednesday, the precious material also hit fresh three-week lows below $1,630. Gold is trading at $1,628.60 per ounce at the time of writing.Meanwhile, the USD rallies on Fed officials signaling further tightening and soaring US yields. Gold has nosedived nearly 1.5% so …

President Joe Biden announced a plan on Wednesday to sell off 15 million barrels of American crude oil from the emergency supply and begin refilling the reserve as he tries to contain high fuel prices ahead of midterm elections scheduled on November 8.Biden’s decision came two weeks after the OPEC+ …

The weekly report by the US Energy Information Administration showed a decline in crude oil inventories of 1.725M against expectations of an increase by 1.38M during the week ending October 14. Cushing crude oil inventories rose by 583K and gasoline inventories by declined by 114K.Crude oil prices are steady after …

The American Petroleum Institute said that crude oil inventories fell by 1.3 million barrels in the week ending on the fourteenth of October. According to the weekly report of the American Institute, gasoline stocks in the United States decreased by 2.2 million barrels last week, and distillate stocks fell by …