Commodities

Oil prices fell on Monday, September 20, extending losses from last week, after the US dollar jumped to a three-week high and the number of US drilling rigs increased, even though nearly a quarter of US production in the Gulf of Mexico remained shut down after two hurricanes. Brent crude …

Copper price declined, this weekend, after China said that it would closely monitor market conditions. The Chinese state planner will also continue to free policies concerning copper, aluminum and zinc from its state reserves, in an effort to maintain balance and encounter long-term mismatches between supply and demand.As a direct …

Oil prices fell on Friday, September 17, but settled above $75 a barrel and remained on track for a weekly gain of more than 3 percent thanks to a slow recovery in US production after two hurricanes in the Gulf of Mexico. Brent crude futures fell 27 cents, or 0.36 …

The U. S. WTI crude oil market has pulled back slightly during the latest trading session on Thursday at USD 71.50 level after investors believed it would end the session unchanged at USD 72.61 a barrel.This slight low comes after crude oil climbed to the highest since 2 August, on …

Ahead of the official storage report, U.S. natural gas future contracts slipped on Thursday due to pressures by forecasts for estimated slightly lower demand next week. The market took a breather from its recent racing ahead of the U.S. Energy Information Administration’s (EIA) weekly storage report.There has been a significant …

China has completed vaccinating more than 70 percent of its 1.4 billion people against COVID-19 with full doses, data released by health authorities on Thursday showed. A total of 1.01 billion people in China had received full doses of vaccines as of September 15, Mi Feng, a spokesman for the …

Gold prices fell, after the dollar’s rise affected the attractiveness of the precious metal to holders of other currencies, while investors are awaiting the US Central Bank meeting to know indications about the time frame to reduce the stimulus program and raise interest rates. Gold is a hedge against inflation …

Oil prices fell today, giving up some of yesterday’s big gains on the back of a larger-than-expected drop in US crude oil inventories. Brent crude was down 12 cents, or 0.2 percent, at $75.34 a barrel, after rising 2.5 percent in the previous session. West Texas Intermediate crude fell 14 …

Oil prices rose on Wednesday after data showed a larger-than-expected drop in crude stocks in the United States, the world’s largest fuel consumer, and amid expectations of a recovery in demand with the expansion of vaccinations. Brent crude rose $1.08, or 1.5 percent, to $74.68 by 1226 GMT, while US …

Gold prices held within a narrow range near the key $1800 level as lower US inflation data fueled doubts about the time frame for the Federal Reserve’s move to cut stimulus measures. Spot gold fell 0.2 percent to $1,800.3 an ounce by 0904 GMT, but was slightly below a week’s …