Commodities

Gold prices rose on Monday for the fourth consecutive session, supported by the decline of the U.S. Dollar (USD) and fears about a potential rise in inflation rates, which led to higher demand for safe havens. The yellow metal futures for June delivery gained $6.30, or 0.3%, to finish at …

Crude prices rose on Monday after a major cyberattack that shut down important fuel supply pipelines in the United States and underscored the fragility of its oil infrastructure. Prior to the opening of European markets, Brent crude rose 57 cents, equivalent to 0.8%, to $68.85 a barrel, after rising 1.5% …

Gold prices rose on Monday, approaching a three-month high they reached last week, after weaker-than-expected job data in the United States supported hopes that interest rates would remain low for some time, which boosted appetite for the metal. By the close of the Tokyo Stock Exchange, spot gold rose 0.2% …

Oil prices rose on Friday, on the back of positive expectations about demand recovery, despite the weaker than expected April jobs report in the United States. The surging number of new cases of the coronavirus (COVID-19) in India, a major importer of crude oil, are being balanced by easing travel …

Gold prices rose on Friday, reaching their highest closing level in nearly three months, amid increased demand for safe-haven assets following the release of a relatively disappointing jobs report in the United States. In addition, the U.S. Dollar’s (USD) decline provided more support to the yellow metal. Gold futures for …

The number of active rigs drilling for crude oil and natural gas in the United States increase for the second consecutive week, according to data by Baker Hughes released on Friday. The total rig count rose by eight to 448 during the week ended May 7, reaching its highest level …

Oil prices recovered after a 1% drop in the previous session, with the support of positive economic data from China and the United States, but the outbreak of the Covid-19 pandemic in India put pressure on prices. Brent crude futures for July delivery were at $68.40 a barrel, up 31 …

Gold prices rose on Friday, May 7, to a two-and-a-half-month high, and is heading to achieve the best weekly performance in 6 months, supported by the decline of the dollar and a decline in US Treasury bond yields, while investors are cautiously awaiting the US nonfarm payrolls report due to …

Natural gas inventories in the United States increased by 60 billion cubic feet (bcf) last week, according to data by the U.S. Energy Information Administration (EIA). The EIA weekly report showed on Thursday that natural gas supplies reached 1.7958 trillion cubic feet, decreasing by 345 bcf compared with the same …

Oil prices retreated after they rose earlier Thursday, May 6, under pressure from increased cases of Covid-19 in India and elsewhere, despite a drop that greatly exceeded expectations for US crude stockpiles. Brent crude futures fell 28 cents, equivalent to 0.4%, to $ 68.68 a barrel, and US West Texas …