Commodities

Oil prices showed a mixed performance on Thursday amid anticipation for the upcoming monthly meeting of the OPEC+ alliance to review production policies. Brent crude futures for May delivery closed lower by 7 cents, or 0.1%, at $66.11 per barrel, following three consecutive daily increases that helped the global crude …

Gold prices declined on Thursday, for the third consecutive session, amid a rise in treasury yields that reached their highest level in about a year. The yield on the benchmark 10-year Treasury bond in the United States exceeded the 1.5% psychological level earlier today, reaching 1.515%, which left its toll …

Natural gas inventories in the United States declined by 338 billion cubic feet (bcf) last week, data by the U.S. Energy Information Administration (EIA) showed on Thursday. The decline came a little higher than market expectations. Natural gas stockpiles reached 1.943 trillion cubic feet (tcf), decreasing by 298 bcf compared …

Gold prices continue to decline for the third day in a row, one day before the US House of Representatives announced its vote on Friday on the US stimulus package proposal. Gold fell again below $1,800 an ounce, down by 0.80%. Waiting for the necessary support to resume its rise …

Oil prices extended their gains for the fourth consecutive session and reached their highest levels in more than 13 months, supported by the US Central Bank’s assertion that interest rates will remain low, and a sharp drop in US crude production last week due to the storm that swept across …

Oil prices rose on Wednesday to their highest in 13 months after US government data showed that crude production fell due to freezing weather last week. The US production of crude oil fell by more than ten percent last week, equivalent to one million barrels per day, in the midst …

Oil prices rose on Wednesday to their highest level in 13 months, despite data showing an increase in crude inventories in the United States last week. However, the U.S. Energy Information Administration (EIA) reported showed that distillate stockpiles registered a large decline. In addition, output disruptions in Texas, due to …

Gold prices declined on Wednesday for the second consecutive session, losing the important $1,800 support level. The decline in the yellow metal prices came amid a continuous rise in the U.S. Treasury bond yields that reached their highest level in about a year. Gold futures for April delivery declined by …

Crude oil inventories in the United States rose by 1.3 million barrels last week, data by the U.S. Energy Information Administration (EIA) showed on Wednesday. Meanwhile, gasoline stockpiles remained nearly virtually unchanged, while distillate inventories declined by 5 million barrels in the week ending February 19. However, oil prices continued …

Data from the American Petroleum Institute showed, Tuesday, that oil inventories in the United States increased unexpectedly last week as refiners cut back activity due to a wave of severe cold that hit the US Gulf Coast region. Crude inventories increased by one million barrels in the week ending February …