Commodities

Oil prices fell on Wednesday after US President Donald Trump dampened hopes for a fourth stimulus package to support the economy affected by the Coronavirus pandemic, in addition to an more than expected increase in US crude stocks. US West Texas Intermediate crude futures were down 42 cents, or 1 …

Oil prices fell on Wednesday, due to fears that the continued decline in fuel demand in light of the high cases of Coronavirus in Europe and the United States, the largest consumer of crude in the world, may impede economic growth. The monthly report of the Organization of Petroleum Exporting …

Oil prices finished higher on Tuesday supported by an increase in Chinese imports last month, which helped improve the outlook for global demand recovery. Brent crude futures for December delivery rose by 73 cents, or 1.8%, to settle at $42.45 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures …

Gold prices declined on Tuesday, as the US Dollar rose across the board, making its first daily decline in four sessions. Gold futures for December delivery decreased by $34.30, or 1.8%, to close at $1,894.60 per ounce. The Dollar index (DXY) is up by 0.51% at 93.54.

Gold fell on Tuesday with the recovery of the dollar, but the price of the precious metal may receive future support from an American stimulus package that increases its attractiveness as a hedge against the resulting inflation. Gold fell in the spot market 0.3% to 1917.16 dollars an ounce, and …

Oil prices rose on Tuesday, after suffering losses of nearly 3% in the previous session, with the resumption of supplies in Norway and the Gulf of Mexico in the United States and Libya, while the International Energy Agency expected a decrease in global energy demand by 5% this year. US …

Oil prices declined on Monday as news circulated that a large strike in Norway will be ended and no longer affecting crude production capacities, however, losses were limited due to output disruptions resulting from Hurricane Delta. Brent crude futures for December delivery decreased by 49 cents, or 1.1%, to finish …

Gold prices rose on Monday amid increased demand for safe havens, as a new stimulus package in the United States remains uncertain ahead of the next elections. Gold futures for December delivery added $2.70, or 0.1%, and closed at $1,928.90 per ounce. Meanwhile, Silver futures for December delivery rose by …

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 $ …