Commodities

Oil prices erased gains made in early trading after Brent hit a new high in 13 months, surpassing $65 a barrel, as markets witnessed new buying due to fears that sudden cold weather in Texas could disrupt US crude production for days or perhaps weeks. Brent crude fell 3 cents, …

Oil prices rose again Thursday, February 18th, to reach their highest levels in 13 months, as markets witnessed new buying due to fears that the sudden cold weather in Texas could disrupt US crude production for days or perhaps weeks. Brent crude rose 89 cents, or 1.4%, to $65.23 a …

Oil prices rose on Wednesday, as a strong winter storm not only disrupted crude production and refining in Texas but also led to an increased demand for energy and heat sources in parts of North America. In addition, crude prices remain supported by the commitment of the OPEC+ alliance to …

Gold prices declined on Wednesday for the fourth consecutive session, reaching its lowest levels since June of last year. The yellow metal losses are attributed to the rise of Treasury yields and a positive performance by the U.S. Dollar (USD). Gold futures for April delivery dropped by $26.20, or 1.5%, to …

Oil prices closed on Tuesday, February 16, near their highest levels in 13 months, supported by a very cold wave in the southern United States that closed oil wells and refineries in Texas. Prices have been on an upward path for months as crude producers restrict supplies and swiftly distribute …

Gold prices fell by as much as 1.7% on Tuesday, February 16th, to their lowest level in more than a week with the rise in US Treasury bond yields, while platinum fell in volatile trading after a rally that brought it to its highest level in six and a half …

Natural gas futures rose on Tuesday to mark their highest closing level in about four months, amid increased demand for energy and heat sources as a strong winter storm led to extreme cold weather in southern parts of the United States and some northern parts of Mexico. Natural gas futures …

Oil prices rose on Tuesday, amid increased demand for energy and hear sources as a strong winter storm hit parts of North America. In addition, weather conditions led to supply disruptions with the shutdown of some crude refineries in Texas. The global benchmark Brent crude futures for April delivery rose …

Gold prices declined on Tuesday, losing the key $1,800 support level, as the U.S. Treasury yields rose significantly leading to increased demand from investors. The yellow metal futures for April delivery dropped by $24.20, or 1.3%, to close at $1,799 per ounce. This is the lowest closing level for gold’s …

Gold prices are showing a declining performance on Tuesday, amid a rise in the United States Treasury yields and a strong rebound by the U.S. Dollar (USD). In addition, an improved risk sentiment among investors is reducing demand for safe havens in favor of riskier assets. Spot gold is currently …