Commodities

Oil snapped a three-session losing streak to close higher on Thursday, amid concerns about the spread of the Delta variant of the coronavirus. Brent crude futures for October delivery added 54 cents, or 0.8%, to close at $70.92 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for September …

Gold prices declined on Thursday for the second time in three sessions, despite the U.S. Dollar (USD) fluctuating against major currencies. The yellow metal has been under some selling pressures due to profit making and a relative improvement in risk sentiment that provided support for stock markets, with investors monitoring …

Natural gas inventories in the United States increased by 13 billion cubic feet for the week ending July 30, according to estimates by the U.S. Energy Information Administration (EIA) released on Thursday. Total natural gas stockpiles reached 2.727 trillion cubic feet, down by 542 billion cubic feet compared with the …

Oil prices fell on Thursday, giving up early gains, as more countries imposed restrictions on movement in light of the increase in cases of the Coronavirus and the rise in the dollar, although tension in the Middle East prevented further decline. On Thursday, Japan expanded emergency restrictions to include more …

Gold prices came under pressure Thursday, August 5th, after comments from the US Federal Reserve boosted the dollar, while investors are now focusing on non-farm payrolls data for indications of a labor market recovery. And gold fell in spot transactions 0.1 percent to $ 1809.91 an ounce, while US gold …

Oil prices extended losses on Wednesday for the third consecutive session, after data showed an increase in crude inventories in the United States against market expectations, coupled with a weaker than expected ADP jobs report. Pandemic-related concerns and fears surrounding demand recovery from the coronavirus crisis with the spread of …

Gold futures finished nearly unchanged on Wednesday amid a rebound by the U.S. Dollar (USD) and an improved investors’ sentiment. The yellow metal maintained modest gains, with front month futures gaining 40 cents, or 0.02%, to close at $1,810.50 per ounce. A weaker than expected ADP jobs report in the …

Crude oil inventories in the United States increased by 3.6 million barrels last week, the Energy Information Administration (EIA) reported on Wednesday. Meanwhile, gasoline inventories declined by 5.3 million barrels in the week ended July 30, and distillate stockpiles rose by 800,000 barrels. The rise in crude supplies comes against …

China has been contemplating a policy mix comprising diversified monetary tools, fiscal support to the economy within an appropriate range, per Xinhua News Agency. “The proactive fiscal policy should generate a greater effect, while the prudent monetary policy should maintain reasonably ample liquidity and support the continued recovery of small …

US crude prices fell for the third day in a row on Wednesday, August 4, while there was little change in Brent crude futures contracts, with growing fears that the increasing spread of the delta strain of the Coronavirus in major consuming countries would reduce demand for fuel. US West …