Commodities

Oil prices rose above $50 on Tuesday (December 15th), as the start of Coronavirus vaccination campaigns favored the tightening of general isolation measures in Europe and expectations of a slower recovery in demand. The United States began vaccination campaigns on Monday, while the deaths due to the pandemic exceeded 300,000. …

Gold rose on Tuesday (December 15th), as the increase in COVID-19 cases and restrictions imposed on investors’ appetite for usually riskier assets and boosted the bet on more stimulus ahead of the US Federal Reserve meeting. Gold rose in the spot market 0.7% to $ 1839.20 an ounce by 07:05 …

The US Energy Information Administration said in a monthly forecast that the United States’ oil production from shale formations is expected to decrease by about 136 thousand barrels per day in January to 7.44 million barrels per day, the lowest since June. Production is expected to decline from nearly all …

Oil prices surged on Monday, opening the week with a strong performance as they rose to their highest closing level since March. Positive news about Coronavirus vaccines helped crude prices stage a strong come back. This comes despite some concerns about the demand outlook, after the Organization of the Petroleum …

Gold prices closed Monday on a lower note, amid optimism about new Coronavirus vaccines and concerns that a new stimulus package in the United States may not be in the making. Gold futures for February delivery declined by $11.50, or 0.6%, to close at $1,832.10 per ounce. This is the …

Oil prices rose on Monday, December 14th, to push Brent above $50 a barrel again thanks to hopes that the start of using Coronavirus vaccines will lead to increased demand for fuel, while an oil tanker explosion in Saudi Arabia has caused tension in the market. Brent crude futures for …

Gold prices fell on Monday, December 14th, as riskier assets rose due to the start of the use of the Covid-19 vaccine, which cast a shadow over hopes for more financial and monetary stimulus in the United States. The spot price of gold was down 0.3% to $ 1833.21 an …

Oil prices closed Friday lower, but was able to record gains during the second week of December. Brent crude futures for February delivery declined by 28 cents, or 0.6%, to settle at $49.97 per barrel, giving up the $50 mark it reached for the first time since March, but adding …

Gold prices increased on Friday, extending its weekly rise amid anticipation for a new stimulus package in the United States. Gold futures for February delivery increased by $6.20, or 0.3%, to close at $1,843.60 per ounce. For the week, gold futures registered gains of 0.2%.

Oil rose today, Friday, to consolidate strong gains made overnight that saw Brent crude exceed $50 for the first time since March, as the implementation of coronavirus vaccination programs fueled hopes that demand for oil will rebound next year. Brent crude rose 30 cents, or 0.6%, to $50.55 a barrel, …