Commodities

Oil fell more than 2% in early Asian trading on Thursday after France and Iran said the parties were close to reaching a consensus to save Iran’s 2015 nuclear deal with world powers, countering the impact of continuing concerns about the situation in Ukraine. US West Texas Intermediate crude fell …

. Gold prices rose on Thursday towards their highest levels in eight months this week as US Treasury yields fell, while reports of mortar fire in eastern Ukraine prompted investors to choose safe bullion. And gold rose in spot transactions 0.4 percent to $ 1876.41 an ounce, hovering near its …

What you need to know on Thursday, February 17:The American dollar edged lower on Wednesday, despite the release of upbeat US data and uncertainty related to Russian and Ukrainian border tensions. The US Federal Reserve released the Minutes of the latest FOMC meeting, which indicated that policymakers are willing to …

The WTI crude oil has been selling off sharply in recent trade on headlines suggesting that a US/Iran nuclear deal is near. A deal that saw US sanctions on Iranian oil exports removed could add well over 1M BPD to global markets. WTI has fallen $2.0 in the last hour …

Iran’s top nuclear negotiator Ali Bagheri Kani tweeted on Wednesday that, following weeks of intensive talks, the JCPOA participants including the US and Iran are closer than ever to an agreement. However, he added that “nothing is agreed until everything is agreed”. His tweet comes after French officials had said …

Gold prices found good support in the $1850 area and has advanced on Wednesday in the run-up to Fed minutes. Geopolitical angst regarding Russia/Ukraine remains elevated, underpinning gold, which is also being supported by technical factors.The price of the yellow metal is going and froing between the day’s range of …

Crude oil prices have seen substantial upside in recent trade as market participants fret amid confusion over whether Russia is actually withdrawing some troops from its border with Ukraine as is said it would on Tuesday.Western leaders, government and intelligence officials have been loudly warning, including remarks most recently from …

Gold prices rose on Wednesday after falling in the previous session with the yellow metal retaining its allure as a hedge against inflation ahead of the release of the minutes of the Federal Reserve meeting later on Wednesday. Spot gold rose 0.1 percent to $1,854.97 an ounce by 1030 GMT. …

International Energy Agency Director Fatih Birol said on Wednesday that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the cartel is known as OPEC+, must narrow the gap between their production targets and actual production. “There is a significant difference between the targets that OPEC+ countries set …

Oil prices recouped some of their losses Wednesday, February 16, as investors evaluated conflicting statements about a possible withdrawal of some Russian troops from Ukraine’s borders, amid global supply shortfalls and rebounding fuel demand. Brent crude was traded at $93.86 a barrel at 10:00 GMT, up 62 cents, or 0.6%, …