Commodities

Oil prices rebounded on Friday, with crude futures recovering on the back of positive expectations for demand recovery despite the U.S. Dollar (USD) surge after the hawkish change in tone by the Federal Reserve. Brent crude futures for August delivery increased by 43 cents, or 0.6%, and closed at the …

Gold prices declined on Friday for the second session in a row, as the U.S. Dollar (USD) continued to rise against major currencies, extending the downward trend for the third consecutive week. The yellow metal’s most active contract finished the week at its lowest closing level in about seven weeks. …

OPEC sources said that OPEC officials have heard from industry experts that US oil production growth will likely remain limited in 2021 despite higher prices, giving the organization more leverage to manage the market in the short term before a possible strong increase in shale crude production in 2022. Officials …

Gold prices rose today, Friday, by 1%, as the pause in the dollar’s rise to catch its breath compensated for some of its large losses driven by the US Federal Reserve’s shift towards a monetary tightening tone. Spot gold rose 1.1% to $1,792 an ounce but fell 4.5% for the …

Oil prices fell for the second session in a row Friday, June 18, as the US dollar rose thanks to the possibility of an increase in interest rates in the United States, but crude is on track to conclude the week with little change and just below its highest levels …

Gold prices rose on Friday, June 18, but are heading towards recording the worst weekly performance since March 2020 after the US Federal Reserve’s shift towards a monetary tightening tone caused the dollar to rise and negatively affected the attractiveness of the yellow metal. And gold rose in spot transactions …

Oil prices declined on Thursday, as the U.S. Dollar (USD) surged across the board after the Federal Reserve pointed to plans to raise interest rates sooner the previously expected, in a surprise change in tone. However, the drop in crude prices was relatively limited compared with other commodities amid expectations …

Gold prices declined on Thursday and registered their largest drop in about seven months due to the strong surge by the U.S. Dollar (USD). The yellow metal futures for June delivery lost $85.70, or 4.61%, to close at $1,773.80 per ounce, its lowest closing level for gold’s most active contract …

Working natural gas in storage in the United States rose by 16 billion cubic feet (bcf) last week, according to estimates by the U.S. Energy Information Administration (EIA). The implied flow for the week is an increase of 67 bcf to working gas stocks, the weekly report indicated. The EIA …

Gold tumbles under $1,800 in the wake of the hawkish Fed decision to be updated …