Commodities

Oil prices closed lower on Monday, giving up their two-year highs that were registered by the end of last week. A drop in Chinese oil imports might have discouraged the positive expectations for demand recovery in the coming months. Brent crude futures for August delivery declined by 40 cents, or …

Gold prices rose on Monday, for the second consecutive session, but once again failed to restore the key $1,900 level. The yellow metal’s rise was limited by the rising Treasury bond yields. Gold futures for August delivery gained $6.80, or 0.4%, to finish at $1,898.80 per ounce. Silver futures for …

Gold fell today with the dollar slightly higher, as investors’ focus shifted to US inflation data due this week, which may give some indication of the extent to which the Federal Reserve will continue to refrain from reducing monetary support. The dollar rose 0.1%, making gold more expensive for holders …

Oil fell on Monday, after hitting a two-year peak above $72, on pressure from a possible increase in Iran’s exports, but the recovery in demand and supply restrictions from OPEC + provided some support. Demand increases in the United States and Europe with the easing of restrictions related to COVID-19, …

Oil prices rose on Friday and ended the week at to their highest levels in about two years, supported by expectations for demand recovery during the second half of the year. Brent crude futures for August delivery rose by 58 cents, or 0.8%, to finish at $71.89 per barrel, rising …

Gold prices finished higher on Friday, as the May jobs report in the United States came below expectations, which signaled that it would probably be more time before the Federal Reserve begins changing its current policies. The yellow metal futures for August delivery rose by $18.70, or 1%, to close …

The number of active rigs drilling for crude oil and natural gas in the United States declined for the first time in six weeks, data showed on Friday. A decline by a single rig led the total rig count to reach 456 this week, with oil rigs maintaining their level …

Oil rose towards $72 a barrel on Friday, June 4, to trade near its highest level in two years, as the OPEC+ plan on supplies and recovering demand overshadowed concerns about the irregular activity of vaccinations against Covid-19 globally. The Organization of the Petroleum Exporting Countries (OPEC) and its allies …

Gold fell to its lowest level in more than two weeks Friday, June 4, weighed by a stronger dollar, while investors awaited the US non-farm payrolls data for May, as bets loomed on a possible scaling back of stimulus measures by the US Federal Reserve. And gold fell in spot …

Oil prices fell on Friday, June 4, as optimism about a recovery in fuel demand waned, in light of concerns about the irregular delivery of Covid-19 vaccines globally. Brent crude fell 13 cents, or 0.2%, to $ 71.18 a barrel, after falling 4 cents yesterday, Thursday, after rising to its …