Commodities

Oil prices declined on Thursday due to rising concerns about the resurgence of the Coronavirus pandemic in many countries around the world. The rise in new cases of the novel virus are leading to worries about the recovery of the global market demand. A surprise bigger than expected decline in …

Gold prices closed lower on Thursday, declining for the sixth consecutive session, recording its longest downward trend since early March 2019. The yellow metal futures rose earlier today on the back of the U.S. Dollar (USD) decline, before falling as U.S. Treasury yields rose. The decline also comes amid an …

Natural gas inventories in the United States decreased last week by 128 Bcf, according to estimates by the U.S. Energy Information Administration (EIA). Working natural gas in storage registered 2,881 Bcf as of Friday, January 22, 2021. On an annual basis, natural gas stockpiles rose by 78 Bcf, and are …

Gold prices fell on Thursday as investors turned to the dollar in search of safety after the decline in global stock markets, while the Federal Reserve (US Central Bank) raised concerns about the pace of the economic recovery in the United States. Gold fell in immediate transactions 0.5% to $ …

Oil prices fell in morning trading in Asia despite a significant drop in US crude stocks, at a time when prices were under pressure due to the strengthening of the US dollar and new concerns about fuel demand due to travel restrictions and delays in the distribution of anti-Corona virus …

Gold prices continued their downward trend on Wednesday, falling for the fifth consecutive session, amid the rise of the U.S. Dollar (USD) ahead of the release of the United States Federal Reserve policy statement. The yellow metal futures for February delivery plunged by $6, or 0.3%, to close at the …

Crude oil inventories in the United States declined more than expected last week, the weekly report by the U.S. Energy Information Adminstration (EIA) showed on Wednesday. Oil stockpiles in the U.S. fell by 9.91 million barrels, against market expectations of a 400,000-barrel increase. Gasoline inventories increased by 2.47 million barrels …

Oil prices rose on Wednesday, January 27, after data for the sector showed that US crude inventories fell unexpectedly last week, and China, the second-largest consumer of oil in the world, recorded the lowest daily level of increase in cases of Covid-19 in more than two weeks. Brent crude futures …

Gold trading recorded a limited range Wednesday, January 27, as traders in the market awaited the US Federal Reserve’s decision on monetary policy and developments related to a stimulus package to mitigate the repercussions of the Coronavirus in the largest economy in the world. This fell in spot gold transactions …

Oil prices closed Tuesday on a mixed note, amid continuous fears about the resurgence of the Coronavirus pandemic in many countries with concerns about the rollout and the efficacy of the vaccines. However, output disruptions continued to provide some support for crude prices. The global benchmark, Brent crude futures for …