Commodities

Crude oil inventories in the United States reportedly declined by 8.5 million barrels last week, according to data by the American Petroleum Institute (API) released on Tuesday 11. Meanwhile, gasoline inventories are estimated to have rose by about 2.9 million barrels. Distillate stockpiles increased by about 2 million barrels. Official …

The oil prices rally continued on Tuesday, with expectations for demand recovery in the summer with more countries easing lockdown measures against the coronavirus pandemic. More states in the U.S. plan to ease the remaining restrictions due to the increased rates of vaccination. Brent Crude futures for August delivery rose …

Gold prices declined on Tuesday, to close at their lowest level in about a month, as the U.S. Dollar (USD) continues to fluctuate with markets anticipating the outcomes of the Federal Reserve. Talks about possible tapering seem to be weighing on the yellow metal ahead of the Fed’s decision. Gold …

Oil prices rose on Tuesday, June 15, as Brent crude posted gains for the fourth consecutive session as prospects for the return of additional supplies to the market from Iran faded as talks about the United States rejoining the nuclear deal with Iran slowed. Brent crude rose 38 cents, or …

Gold prices rose today, Tuesday, June 15, as the dollar’s decline caused the cost of the yellow metal to decline for holders of the rest of the currencies, while investors awaited the outcome of the US Federal Reserve meeting to elicit indications on the path of unprecedented monetary stimulus. Gold …

Oil prices showed a mixed performance on Monday, amid expectations for the recovery of global demand during the second half of the year. Brent crude futures for August delivery rose by 17 cents, or 0.23%, to close at $72.86 per barrel. The global benchmark has now maintained a rising trend …

Gold prices declined on Monday, opening the week with a negative performance as the downward trend continued despite the mixed performance by the U.S. Dollar (USD). This marked the second consecutive daily loss for the yellow metal most-active contracts, which settled at their lowest level since May 14, amid a …

Oil prices rose today, continuing the gains that lasted over three weeks, thanks to improved expectations for fuel demand, as Covid-19 vaccinations contributed to lifting travel restrictions, as well as tight supplies. Brent crude rose 51 cents, or 0.7%, to $73.20 a barrel, the highest level since May 2019. West …

Oil prices finished higher on Friday, registering their third consecutive weekly rise, at fresh two-year high levels. Expectations for demand recovery continue to provide support for crude prices as the global economy shrugs off the effects of the coronavirus pandemic. Brent crude futures for August delivery rose by 17 cents, …

Gold prices declined on Friday and finished at its lowest level in about a week, as the U.S. Dollar rose across the board. The USD’s rise and selling pressures due to profit making weighed on the yellow metal, which continues to signal strength and maintain most of its gains on …