Commodities

Gold for December delivery fell $2.60 to $1,759.20 per ounce. Silver for December delivery rose 13 cents to $22.66 an ounce and December copper rose 9 cents to $4.24 a pound.The U. S. dollar rose to 111.63 Japanese yen from 111.44 yen. The euro was unchanged at $1.1550.Benchmark U.S. crude …

Gold, erasing yesterday’s gains touching 1767.27, is losing 0.31%. Gold is trading at $1,757.44 during the New York session.The XAU/USD price action in the last week has been dull. The yellow metal keeps trading within the $1,745 – $1,769 range, with no intention of going beyond the traditional territory.The market …

Working gas in storage was 3,288 Bcf as of Friday, October 1, 2021, according to EIA estimates. This represents a net increase of 118 Bcf from the previous week. Stocks were 532 Bcf less than last year at this time and 176 Bcf below the five year average of 3,464 …

Russian Deputy Prime Minister Alexander Novak said on Wednesday that certification of the Nord Stream 2 undersea gas pipeline could soften the crisis due to hiking European gas prices. Gas prices in Europe fell today below the level of $1,000 per thousand cubic meters after Russian President Vladimir Putin expressed …

Oil prices fell for the second session, under pressure from an unexpected increase in US crude inventories that raised concerns about demand after prices rose to their highest levels in many years. US crude fell 0.67 percent, or 52 cents, to $76.91 a barrel before the opening of European markets, …

Official figures showed Wednesday that Factory orders in Germany declined by 7.7% in August compared with the previous month, this development was led by much lower demand from countries outside the Eurozone. The drop in orders, a leading indicator for Europe’s biggest economy, followed month on month gains of 4.6% …

U. S. Secretary of Energy Jennifer Granholm has said the administration is facing a politically dangerous rise in gasoline prices, raising the prospect of releasing crude oil from the government’s strategic petroleum reserves. The White House’s average price of gasoline in pumps has remained at $ 3.19 a gallon (the …

The price of West Texas Intermediate crude oil futures are settling at $77.43. That is down $1.50 or -1.9%. The price is settling near the lows for the day at $77.06. The high for the day was up at $79.78.The move to the downside was helped by comments early in …

Gas prices fluctuated wildly on Wednesday, by 60% over just two days in Europe before sliding fast after Russia’s President Vladimir Putin said his country is ready to help stabilize global energy markets.Dutch and U.K. futures plunged more than 7%. That’s after hitting fresh records earlier over increasing concerns of …

Russian Deputy Prime Minister Alexander Novak said on Wednesday that certification of the Nord Stream 2 undersea gas pipeline could soften the crisis due to hiking European gas prices.Prices have spiked in response to a recovery in demand, particularly from Asia, when storage levels are low.European Dutch wholesale gas for …