Commodities

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 …

Oil prices fell on Friday, June 11, but are heading to rise for a third week, thanks to expectations of a recovery in fuel demand in Europe, China, and the United States, as increased vaccination rates lead to easing restrictions imposed due to the Corona pandemic. Brent crude futures were …

Gold prices rose above $1,900 an ounce Friday, June 11th, supported by a weaker dollar and lower Treasury yields, after data showing high inflation in the United States was deemed insufficient for the US Federal Reserve to change its monetary policy. And gold rose in spot transactions 0.1% to $ …

Oil prices closed higher on Thursday to recover from yesterday’s losses that followed the large surge in gasoline inventories in the U.S, and restore its highest level in more than two years. Brent crude futures for August delivery rose by 30 cents, or 0.4%, to close at $72.52 per barrel, …

Gold prices rose slightly on Thursday, with the U.S. Dollar (USD) fluctuating and investors reacting to the large surge in inflation in the U.S., as shown by the most reading of the consumer price index (CPI) that rose by 5% in May. The reading marked the biggest increase in U.S. …

The Organization of the Petroleum Exporting Countries (OPEC) has maintained its forecast for demand growth this year. The global demand for crude oil is expected to rise by 6 million barrels per day, reaching 96.58 million barrels a day, according to OPEC’s monthly report released on Thursday. The forecasted demand …

Brent crude futures fell 36 cents, or 0.5%, to $71.86 a barrel, while US oil futures fell 35 cents, or 0.5%, to $69.61 a barrel. The US Energy Information Administration said on Wednesday that US crude oil stocks, which include strategic petroleum reserves, fell for the eleventh consecutive week as …

Oil prices showed a mixed performance on Wednesday, after the weekly inventories report in the U.S. showed a huge surge in gasoline stockpiles. The U.S. crude benchmark futures declined, while the global benchmark settled nearly unchanged, despite a decline in crude inventories in the United States. The rise in gasoline …