Commodities

Gold prices showed a mixed performance on Monday, finishing the first session of the week on the positive side with marginal gains, recovering from earlier daily losses. Despite a decline in the demand for safe havens, amid an improved risk appetite among investors, supported by the recent economic data that …

Oil prices fell below $64 a barrel today, Monday, as the impact of rising supplies from OPEC+ and increasing Iranian production was overshadowed by signs of a strong economic recovery in the United States and broader expectations for a recovery in demand in 2021. The Organization of the Petroleum Exporting …

Gold prices fell on Monday, April 5, as US Treasury yields rose and global stocks rose after better-than-expected jobs data in the United States fueled optimism about a rapid economic recovery. Gold was down in spot trading 0.3% to $1723.16 an ounce. US gold futures settled at $1761.20 an ounce. …

Oil prices fell on Monday, April 5, erasing strong gains made in the previous session, which were supported by OPEC+ decision to gradually ease some of its restrictions on production between May and July. Brent crude for June delivery fell 61 cents, equivalent to 0.9%, to $64.25 a barrel while …

Russia’s output of crude and condensate rose to 43.34 million tons in March, thanks to the more generous OPEC and its allies (OPEC+) quota, Bloomberg reports, citing preliminary data from the Energy Ministry’s CDU-TEK unit.

Oil prices jumped more than 3% Thursday after OPEC+ reached an agreement to gradually ease production restrictions from May. Brent crude rose $ 1.94, or 3.1 percent, to $ 64.68 a barrel. U.S. crude rose $ 2.10, or 3.6 percent, to $ 61.26 a barrel. OPEC +, which includes the …

The OPEC+ alliance, consisting of the Organization of the Petroleum Exporting Countries (OPEC) and other major crude oil producers, has decided to ease output curbs by gradually increase production over the course of the upcoming three months. According to media reports, the move comes as the United States has called …

Oil prices rose on Thursday after the OPEC+ alliance opted not gradually ease output cuts, which means that no sudden disruptions will hit the market. Recently, there have been concerns about the recovery of the global demand for oil, however, with the recent OPEC decision the gradual increase come in …

Gold prices rose on Thursday for the second consecutive sessions, amid a decline by the U.S. Dollar (USD) after data showed a surge in jobless claims in the United States. The yellow metal futures for June delivery rose by $12.80, or 0.8%, to close at 1,728.40 per ounce. During the …

Active rigs drilling for crude oil in the United States increased by 13 to a total of 337 this week, data by Baker Hughes showed on Thursday. The total number of rigs drilling for both crude oil and natural gas increased by 13 to 430, as the number of natural …