Commodities

Oil prices showed a mixed performance on Thursday, following the release of the American Petroleum Institute’s (API) weekly report that showed an unexpected rise in crude inventories in the United States. Accordingly, the U.S. benchmark West Texas Intermediate (WTI) crude futures for March delivery declined by 18 cents, or 0.3%, …

Gold prices declined marginally on Thursday, after closing yesterday at their highest level in about two weeks. This comes despite the continuous retreat of the U.S. Dollar (USD) amid expectations for increased government stimulus by the new Biden administration in the United States. Gold futures for February delivery lost 60 …

Oil prices declined on Thursday following the release of inventory data in the United States, despite continuous hopes for increased government stimulus spending in the U.S. Crude oil inventories in the United States increased by 2.6 million barrels last week, against market expectations for another decline, according to the weekly …

Oil fell Thursday, January 21, after data for the sector showed a sudden increase in US crude stocks, which once again fueled fears about demand driven by the Coronavirus pandemic, but hopes of stimulus in the United States curbed the decline in prices. US West Texas Intermediate crude futures fell …

Gold rose Thursday, January 21, to its highest level in nearly two weeks, with the dollar retreating due to hopes for more stimulus after the new US administration headed by Joe Biden took power, although some profit-taking limited the gains of the precious metal. Spot gold rose 0.1% to $ …

Oil prices rose on Wednesday for the second consecutive session, amid expectations for increased stimulus spending by the new administration in the United Stated as President Joe Biden was officially inaugurated earlier today. Brent crude futures for March delivery added 18 cents, or 0.3%, to close at $56.08 per barrel. …

Gold prices rose on Wednesday to close at their highest level in about two weeks, amid anticipation for increased stimulus spending in the United States by the new administration of President Joe Biden. The rise of the yellow metal came as the U.S. Dollar (USD) declined, after shortly rising earlier …

The US Energy Information Administration said in a monthly report, Tuesday, that US oil production from the seven major shale formations is expected to decline by about 90 thousand barrels per day in February to about 7.52 million barrels per day. The data showed that production in nearly every rocky …

Oil prices exceeded $56 a barrel today, Wednesday, with the support of expectations that the new US administration will adopt huge stimulus spending to boost demand, as well as restrictions imposed by OPEC on production and expectations of lower US crude stocks. On Tuesday, US Treasury Secretary Candidate Janet Yellen …

Gold prices rose today, Wednesday, as the dollar retreated after Janet Yellen, a candidate for the position of US Treasury Secretary, stressed the need for a major stimulus to help the economy recover from the Coronavirus crisis, which boosted the demand for the yellow metal as a hedge. On Tuesday, …