Commodities

US natural gas futures rose more than 2% to their highest level in seven weeks on Monday, as exports continued to hit record highs while production declined slightly. The increase in prices came despite forecasts of milder weather, and demand for heating until mid-May is lower than previously expected. Gas …

Oil prices continued to decline on Monday, extending their losses from last week, due to concerns about the surge in new coronavirus cases in India and other Asian markets. Markets are anticipating the upcoming OPEC+ meeting on Wednesday. Brent crude futures for June delivery dropped by 46 cents, or 0.7%, …

Gold prices rose on Monday, supported by a fluctuating performance by the U.S. Dollar (USD) ahead of the Federal Reserve meeting. The yellow metal futures for June delivery rose by $2.30, or 0.1%, to close at $1,780.10 per ounce. Meanwhile, silver futures for May delivery gained 13 cents, or 0.5%, …

Gold won today, Monday, as the increase in the incidence of Covid-19 cases strengthened its appeal as a safe haven, and this reinforced the weakness of the dollar before the meeting of the Federal Reserve (US Central Bank) this week, while the palladium, which is used in the auto industry …

Oil prices fell on Monday, on the back of fears that the escalation of Covid-19 infections in India will lower the demand for fuel in the world’s third-largest oil importer, and with investors shifting positions ahead of a planned increase in OPEC+ oil production from May. Brent crude futures fell …

Oil prices rose on Friday, limiting their weekly decline that resulted mostly because of concerns about demand recovery amid a resurgence of the coronavirus with a rising number of new cases, especially in India. Brent crude futures for June delivery gained 71 cents, or 1.1%, to close at $66.11 per …

Gold prices declined on Friday, turning to a weekly loss, despite the fall of the U.S. Dollar (USD). The prospects for economic recovery, as evident by recent economic data, reduced demand for safe havens and led to better risk appetite. Gold futures for June delivery finished lower by $4.20, or …

The number of active rigs drilling for crude oil in the United States declined this week, for the first time since March, despite rising oil prices encouraging a rise in production. Oil rigs decreased by a single rig to reach 343, while natural gas rigs maintained their level of last …

Oil prices rose on Friday, April 23, boosted by hopes for a recovery in demand as global growth improves and lockdown measures eased, but concerns about a surge in second-wave COVID-19 infections in India dampen the gains. Brent crude futures rose 42 cents, or 0.6%, to $65.82 a barrel after …

Oil prices registered modest gains on Thursday, following strong losses yesterday to their lowest level in a week due to concerns about the coronavirus pandemic. Brent crude futures for June delivery rose by 8 cents, or 0.1%, to close at $65.40 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude …