Commodities

Gold prices continued to decline on Thursday for the third consecutive session, as the US Dollar (USD) rose against major currencies. Positive news about a Coronavirus vaccine and fears about renewed lockdown measures against a new wave of the pandemic seem to be balancing out with the rise of the …

Natural gas inventories in the United States increased by 31 billion cubic feet for the week ended November 13, data by the US Energy Information Administration (EIA) showed on Thursday. The weekly rise exceeded market expectations, reaching a total of 958 trillion cubic feet, rising by 293 billion cubic feet …

Gold fell to its lowest level in a week on Thursday, November 19, as the encouraging developments related to Covid-19 vaccines boosted hopes for a faster recovery of the global economy, despite the continued increase in cases of Coronavirus. By 07:59 GMT, spot gold prices fell 0.4% to $ 1863.12 …

Oil prices rose on Wednesday, closing at their highest level since early September, supported by an improved outlook due to recent developments in Coronavirus vaccine research. Brent crude futures for January delivery rose by 59 cents, or 1.4%, to finish at $44.34 per barrel. Meanwhile, the West Texas Intermediate (WTI) …

Gold prices declined for the second consecutive session on Wednesday, amid improved investors’ sentiment and risk appetite and a decreased demand for safe havens. Gold futures for December delivery decreased by $11.20, or 0.6%, to settle at $1,873.90 per ounce.

Crude oil inventories in the United States increased last week by 800,000 barrels, according to data by the US Energy Information Administration (EIA) on Wednesday. By the end of 13 November, American crude stockpiles stood at 489.5 million barrels. Meanwhile, gasoline inventories increased by 2.6 million barrels last week, while …

Gold rose on Wednesday, November 18th, moving within a narrow range, as investors assess the possibilities associated with the Covid-19 vaccine in the face of concerns about increasing cases of infection and the possibility of more economic support from the US Federal Reserve. Spot gold rose 0.1% to $ 1880.81 …

Crude oil inventories in the United States increased by 4.2 million barrels last week, according to data by the American Petroleum Institute (API) on Tuesday. Meanwhile, gasoline stockpiles rose by 256,000 barrels, while distillate inventories declined by 5 million barrels.

Oil prices showed a mixed performance on Tuesday, as the market awaits a firm commitment from the OPEC+ alliance towards the output cuts. Brent crude futures for January delivery fell by 7 cents, or 0.2%, to finish at $43.75 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for December …

Gold prices closed lower on Tuesday, posting its first decline in four sessions, amid news about positive results by COVID-19 vaccines. Gold futures for December delivery declined by $2.70, or 0.1%, and settled at $1,885.10 per ounce. Meanwhile, silver futures for December delivery decreased by 15 cents, or 0.6%, and …