Commodities

Oil prices fell on Friday for the seventh consecutive session, approaching their lowest level in three months, and heading towards a weekly decline of more than seven percent, as new closures in countries facing increasing cases of the mutated delta strain of the Coronavirus weakened expectations for fuel demand. Investors …

Gold prices rose on Friday, as growing concerns about the spread of the delta strain of the Coronavirus and its impact on the economic recovery damaged risk sentiment. And gold rose in immediate transactions 0.3% to $ 1785.93 an ounce before the opening of the European stock exchanges, to rise …

Oil prices stabilized today, moving away from 3-month lows, but still on track for a weekly loss of more than five percent as new lockdowns in countries facing increasing cases of the mutated delta strain of coronavirus dampened the outlook for fuel demand. Investors’ aversion to risks in general also …

Oil prices dropped again for the sixth consecutive session, falling to its lowest closing level in about three months. With concerns over economic recovery and the prospects of the U.S. Federal Reserve scaling back support measures, vowing to cut asset purchases soon, and the spread of the Coronavirus Delta variant, …

Gold prices finished lower on Thursday for the third consecutive session as the U.S. Dollar strengthened against major currencies, a day after the release of the Federal Reserve’s July meeting minutes. The yellow metal futures for December delivery lost $1.30, or 0.08%, to finish at $1,783.10 per ounce. The Dollar …

U.S. natural gas supplies increased by 46 billion cubic feet (bcf) for the week ending August 13, according to data by the United States Energy Information Administration reported (EIA) on Thursday. The EIA weekly report showed an adjustment stocks classification, reflecting an increase of 42 bcf to a total of …

Oil fell to $66 a barrel on Thursday, the lowest level since May, under the weight of fears of weak demand with an increase in Covid-19 cases, a rise in the US dollar, and a sudden jump in US gasoline stocks. The World Health Organization has warned of the spread …

Gold prices fell today, with the dollar rising to its highest level in months after the minutes of the US Federal Reserve meeting indicated that it will start reducing its pandemic-related stimulus this year. And gold fell in spot transactions 0.5% to $ 1779.52 an ounce. US gold futures fell …

Oil prices declined on Wednesday, finishing at the lowest closing level since May, amid concerns over the spread of the coronavirus Delta variant and an expected negative impact on the recovery of energy demand. Earlier today, data showed a large drop in U.S. crude inventories to their lowest level since …

Gold prices closed lower on Wednesday, as the U.S. Dollar (USD) continued its rally against major peers, but rebounded following the release of the Federal Reserve July meeting minutes Talks about plans for monetary policy normalization soon, beginning with limiting the asset purchases before increasing interest rate, are providing support …