Commodities

Gold recouped some of its losses after falling to its lowest levels in more than seven months, but it remains on the path of recording its worst weekly performance since the end of November, as the attractiveness of the yellow metal, which does not yield a return, has decreased due …

Oil prices declined on Thursday, amid expectations that the OPEC+ alliance could raise production in March after the recent surges in crude prices. Crude prices recently not only recovered all of their losses since the beginning of the pandemic but reached their highest level since the beginning of 2020. It …

Gold prices rose on Thursday, registering its first rise after four consecutive declines, including the formation of a death cross on Wednesday. Recovering some its weekly losses, gold futures for April delivery rose by $2.20, or 0.1%, to close at the level of $1,775 per ounce. Yesterday, the most active …

Natural gas inventories in the United States declined by 237 billion standard cubic feet (Bcf) last week, according to data by the U.S. Energy Information Administration (EIA). The total natural gas in storage reached 2,281 Bcf in the week ending February 12.

Crude oil inventories in the United States declined by 7.3 million barrels last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The EIA weekly report was delayed for a day as the beginning of the week marked the Presidents Day federal holiday. Gasoline inventories increased by …

Oil prices erased gains made in early trading after Brent hit a new high in 13 months, surpassing $65 a barrel, as markets witnessed new buying due to fears that sudden cold weather in Texas could disrupt US crude production for days or perhaps weeks. Brent crude fell 3 cents, …

Oil prices rose again Thursday, February 18th, to reach their highest levels in 13 months, as markets witnessed new buying due to fears that the sudden cold weather in Texas could disrupt US crude production for days or perhaps weeks. Brent crude rose 89 cents, or 1.4%, to $65.23 a …

Oil prices rose on Wednesday, as a strong winter storm not only disrupted crude production and refining in Texas but also led to an increased demand for energy and heat sources in parts of North America. In addition, crude prices remain supported by the commitment of the OPEC+ alliance to …

Gold prices declined on Wednesday for the fourth consecutive session, reaching its lowest levels since June of last year. The yellow metal losses are attributed to the rise of Treasury yields and a positive performance by the U.S. Dollar (USD). Gold futures for April delivery dropped by $26.20, or 1.5%, to …

Oil prices closed on Tuesday, February 16, near their highest levels in 13 months, supported by a very cold wave in the southern United States that closed oil wells and refineries in Texas. Prices have been on an upward path for months as crude producers restrict supplies and swiftly distribute …