Commodities

Oil prices fell 1% for the second consecutive session Monday, as US producers began to resume work after Hurricane Delta and the end of a workers’ strike that affected production in Norway. Brent crude for December delivery fell 41 cents to $ 42.44 a barrel, and U.S. West Texas Intermediate …

Gold fell from its highest level in three weeks, as the dollar recouped some of its losses after a new US relief package to ease the repercussions of Corona faced opposition. Spot gold fell 0.1% to $ 1927.11 an ounce, after reaching its highest level since September 21 at $ …

Oil prices fell on Friday (October 9th) by more than 1% after a strike by oil workers ended in Norway, which will raise crude production even though Hurricane Delta forced US energy companies to cut production. Brent futures fell 49 cents, or 1.1%, to settle at $ 42.85 a barrel, …

The number of active US oil rigs decreased by 4 to 193this week, according to data by Baker Hughes.  The total active U.S. rig count, meanwhile, was up 3 to 269, according to Baker Hughes. This week’s rig count was 587 rigs, or 69%, below this time last year. U.S. …

Negotiators from the oil companies and trade unions in Norway Friday, October 9th, said that officials from the two parties have concluded an agreement on wages, thus ending a strike that had threatened to cut the country’s production of oil and gas by nearly 25% next week. Last Monday saw …

Gold rose about 2% on Friday, as the dollar fell to its lowest level in nearly three weeks and bets increased on new stimulus in the United States, prompting investors to buy the precious metal to hedge against potential inflation. Spot gold rose 1.8% to 1927.51 dollars an ounce by …

Oil prices retreated, to fall at the end of a week in which it made big gains due to the risk of a possible decrease in supplies from Norway by up to 25% due to a strike by workers in the sector. Before the opening of European markets, Brent crude …

Gold prices rose 1% due to the weak dollar and heading towards achieving the second consecutive weekly gain, as the attractiveness of the yellow metal increased as a hedge against inflation due to renewed optimism about a new US aid package to mitigate the repercussions of the Corona virus. Spot …

Gold prices increased on Thursday recovering from its lowest level in a week, supported by hopes for piecemeal stimulus for the US economy. Gold futures for December delivery added $4.30, or 0.2%, and settled at $1,895.10 per ounce. Meanwhile, silver futures for December delivery declined by 2 cents, or 0.08%, …

Oil prices returned to gains due to a number of support factors, led by the output disruptions in North America and Europe. Brent crude futures are up by 2.02%, trading at $42.84 a barrel, while the US West Texas Intermediate (WTI) futures are up by 2% at $40.75 a barrel. …