Commodities

Oil prices rose on Wednesday, maintaining an upward trend to settle at their highest level in about a month and a half, supported by the recent OPEC+ decision to gradually phase out output cuts. Brent crude futures for June delivery gained 85 cents, or 1.3%, to close at $67.27 per …

Gold prices declined for the second consecutive session on Wednesday, after the United States Federal Reserve statement that sent U.S. Treasury bond yields higher. The yellow metal futures for June delivery lost $4.90, or 0.3%, to close at $1,773.90 per ounce. This market the lowest closing level for gold’s most …

Crude oil inventories in the United States increased by 100,000 barrels last week, according to data by the U.S. Energy Information Administration (EIA). The EIA’s weekly report released on Wednesday showed that gasoline inventories rose by 100,000 barrels, while distillate stockpiles decreased by 3.3 million barrels in the week to …

Gold prices fell to their lowest level in a week on Wednesday, April 28, with US Treasury yields rising ahead of the US Federal Reserve’s monetary policy statement due for release later today. And the price of gold in the spot market fell 0.5% to $1767.66 an ounce after it …

Gold prices finished lower on Tuesday, amid anticipation for the outcomes of the Federal Reserve policy meeting. Positive performance by the U.S. Dollar (USD), supported by a surge in consumer confidence to a 14-month high, led to lower demand for safe-havens. Gold futures for June delivery closed lower by $1.30, …

Figures from Brazil’s National Petroleum Agency showed that oil production in the South American country fell by 6% in Q1 of this year Compared to the same period last year, in large part due to a decline in production from the state-owned oil giant Petrobras. According to agency data, seen …

Gold prices stabilized today, Tuesday, as dealers in the market looked to the US Federal Reserve meeting to obtain indications about the prospects for monetary policy, while the rise of the dollar pressured the attractiveness of the metal. Gold settled in the spot market at $1780.61 an ounce. There was …

US natural gas futures rose more than 2% to their highest level in seven weeks on Monday, as exports continued to hit record highs while production declined slightly. The increase in prices came despite forecasts of milder weather, and demand for heating until mid-May is lower than previously expected. Gas …

Oil prices continued to decline on Monday, extending their losses from last week, due to concerns about the surge in new coronavirus cases in India and other Asian markets. Markets are anticipating the upcoming OPEC+ meeting on Wednesday. Brent crude futures for June delivery dropped by 46 cents, or 0.7%, …

Gold prices rose on Monday, supported by a fluctuating performance by the U.S. Dollar (USD) ahead of the Federal Reserve meeting. The yellow metal futures for June delivery rose by $2.30, or 0.1%, to close at $1,780.10 per ounce. Meanwhile, silver futures for May delivery gained 13 cents, or 0.5%, …