Commodities

Silver finished the week with large losses that are the biggest in five weeks, due to the diminishing demand for safe havens as reflation fears eased and risk appetite improved among investors. The silver metal has now maintained a downward trend for three consecutive weeks. Silver futures lost 14.70 cents …

Oil prices continued to rise on Friday for the fourth consecutive session, scoring their first weekly rise in four weeks, with investors shrugging off concerns about output policy and a slower than expected recovery from the coronavirus crisis. The global benchmark Brent crude futures for September delivery added 31 cents …

Gold prices declined on Friday, extending their weekly decline that snapped a four-week rising streak, amid the rise of the U.S. Dollar (USD) and an improvement in risk appetite among investors, who seem to be less worried about reflation and slow recovery concerns. However, the yellow metal was supported by …

The number of crude oil and natural gas rigs in the United States increased for the fourth consecutive week, data showed on Friday. This is the first time that the total rig count registers four straight weekly rises since May. The total rig count rose by seven to 491 in …

Oil prices fell from the level of $ 74 a barrel on Friday, July 23. Still, it is on track to end the week with little change, after rebounding from a sharp decline on Monday, supported by expectations that supply will remain tight despite the recovery in demand. Oil prices …

Gold prices stabilized during trading Friday, July 23, but are heading for the first weekly decline in five weeks, as the rally in the dollar made the metal more expensive for holders of other currencies. The spot price of gold settled at $1807.45 an ounce by 06:34 GMT, recording a …

Oil prices rose on Thursday to their highest level in about a week, maintaining an upwards trend for the third consecutive session. Despite concerns about the resurgence of the coronavirus with the spread of the Delta variant, crude futures seem to be supported by positive expectations for demand recovery during …

Gold futures for July delivery rose on Thursday, amid a deterioration in the risk appetite among investors after data showed a surge in jobless claims in the U.S., promoting more concerns about the recovery from the pandemic. The yellow metal’s gains also come amid fluctuations by the U.S. Dollar (USD) …

Natural gas inventories in the United States increased by 49 billion cubic feet for the week ending July 16, the U.S. Energy Information Administration (EIA) reported on Thursday. Total natural gas stockpiles reached 2.678 trillion cubic feet, down by 532 billion cubic feet compared with the same time last year. …

Oil prices fell on Thursday after a sudden increase in US crude inventories and amid growing Covid-19 infections that threaten demand. Still, prices maintained most of the previous session’s gains due to expectations of continued tight supplies until the end of the year. At 06:44 GMT, Brent crude was down …