Commodities

Oil prices rose on Friday, extending their weekly gains, most of which came on the back of the commitment of the OPEC+ alliance to the agreed-upon production cuts. This week, oil prices kept rising to new highs not seen in a year. Brent crude futures for April delivery rose by …

Silver prices rose on Friday, ending a turbulent week for the metal that began with silver futures rising to their highest level since 2013, before dropping by more than 10% on Tuesday. Today, silver futures for March delivery gained 79 cents, or 3%, to finish at $27.019 per ounce. For …

Gold prices rose on Friday, supported by weak employment data in the United States and the anticipation for the passing of a new $1.9 trillion relief bill. In addition, the decline of the U.S. Dollar (USD) across the board helped provide support for gold. Today’s rise helped the yellow metal …

The number of active rigs drilling for crude oil and natural gas in the United States increased by 8 this week, according to the weekly reported released by Baker Hughes on Friday. The total rig count currently stands at 392, less by 398 rigs compared with the same time of …

Oil prices maintained their rising trend and ended Thursday at a fresh highest level in about a year, supported by the commitment of the OPEC+ alliance to output cuts and the prospects of economic recovery and increased government stimulus in the United States. Brent crude futures for April delivery gained …

Gold prices plunged on Thursday, on the back of the U.S. Dollar (USD) gaining momentum and rising across the board after data showed a decline in jobless claims in the United States, indicating an improvement in economic recovery from the Coronavirus pandemic. In addition, the rising U.S. Treasury yields pressured …

Gold and silver prices fell on Thursday, February 4th, as the dollar’s rally negatively affected their attractiveness, while investors awaited the approval of a massive stimulus package in the United States and the Bank of England’s policy expectations. Gold fell in immediate transactions 0.6% to 1822.81 dollars an ounce. US …

Oil prices rose on Wednesday, recording a fresh highest level in a year, supported by the decline in the United States crude inventories, as well as the commitment of major producers to output cuts and the prospects of increased stimulus spending in the U.S. Brent crude futures for April delivery …

Gold prices rose marginally on Wednesday, amid a fluctuating performance by the U.S. Dollar (USD) and a rise in the Treasury yields. Gold futures for April delivery finished higher by $1.70, or 0.1%, at the level of $1,835.10 per ounce. This comes following the yellow metal most active contracts declined …

Commercial crude oil inventories in the United States decreased by 1 million barrels last week, according to the weekly report of the U.S. Energy Information Administration (EIA). The decline comes below market expectations. Inventories now stand at a level of 475.7 million barrels, which is about 4% above the five-year …