Commodities

The yellow metal rose to all-time high on Monday as relations between the United States and China deteriorated, sparking demand for the safe metal while market sentiment was mixed ahead of more earnings reports. Gold rose 1.6% to a record $ 1.943 an ounce, exceeding its peak in September 2011 …

Oil prices closed higher on Friday, ending a week of fluctuations due to a collection of upward and downward factors. From one side, demand seems to be in the recovery phase, hence, the recent OPEC+ agreement to raise output by 2 million barrels per day, in addition to other positive …

Gold prices closed higher on Friday at a new record level, supported by increased demand for safe haven, which is driven by rising US-China tensions and the increasing number of COVID-19 cases in many countries. Today, gold futures for August were trading as high as $1,900 an ounce, but then …

Oil rigs in the United States increased by one rig last week to a total of 181 active rigs, according to data by Baker Hughes. This is the first increase in oil rigs since mid-March, with recent declines attributed to lower oil prices amidst decreased demand because of the COVID-19 …

Gold is trading near the level of $ 1900 an ounce approaching the highest level recorded in 9 years and got support from the increasing demand for the yellow metal as a safe haven, the weakening of the US dollar and continued increase of corona cases in the United States …

Oil prices rose on Friday on the weakness of the US dollar, although concerns about the increasing numbers of COVID-19 cases and tensions between the United States and China have capped price movements. The US dollar fell to a 22-month low on the US dollar index, which measures the strength …

Oil prices declined on Thursday after recent data showed a surprise buildup in the US crude oil inventories, as well as natural gas supplies, prompting worries about the demand recovery as the number of COVID-19 cases increase. The US benchmark, West Texas Intermediate (WTI), crude futures for September delivery declined …

Gold prices continued the upward performance on Thursday and settled higher on the back of increased demand for safe havens. The yellow metal gains were also supported by a weak performance by the US Dollar across the board. After trading as high as $1,897.7 per ounce, gold futures for August …

The United States domestic supplies of natural gas increased by 37 billion cubic feet (bcf) last week, according to data released by the Energy Information Administration (EIA). The increase exceeded analysts’ expectations of a 33 billion cubic feet (bcf) increase.

Oil prices rose on Thursday, but an unexpected increase in US crude stocks and the continued increase in new cases of Covid-19 discouraged the recovery in demand for fuel and limit gains. US crude oil inventories and distillates rose unexpectedly while fuel demand fell last week, the US Energy Information …