Commodities

According to a recently conducted Reuters survey, the Organization of the Petroleum Exporting Countries’ total oil output in February declined by 870,000 barrels per day (bpd), marking the first monthly decline in eight months. “OPEC oil output fall led by Saudi Arabia; Nigeria posted the biggest increase,” Reuters reported

Oil prices rose more than a dollar today, Monday, after the US House of Representatives approved a massive stimulus package, but the slowdown in the growth of factory activities in China limited the gains. Brent crude futures for May delivery increased $ 1.24, equivalent to 1.9%, to $65.66 a barrel. …

Gold rose more than 1% on Monday, recovering from its lowest level in more than eight months touched in the previous session, as the dollar weakened while the United States approved a huge stimulus package worth 1.9 trillion dollars. Gold rose in the spot market 1% to $1750.24 an ounce, …

Oil prices declined on Friday, amid a rise by the U.S. Dollar (USD) and expectations for deciding on an increase in output during the upcoming OPEC+ summit. Brent crude futures for April delivery declined by 75 cents, or 1.1%, to close at $66.13 per barrel, while May futures plunged by …

Gold prices declined on Friday, falling for the fourth consecutive session, extending their weekly and monthly losses amid a rise in treasury yields. The yellow metal futures for April delivery closed lower by $46.60, or 2.6%, at $1,728.80 per ounce, finishing at their lowest level since June 2020. For the …

The number of active rigs drilling for oil in the United States increased by four to 309 this week, according to data by Baker Hughes released on Friday. Natural gas rigs rose by one rig, with the total rig count increasing by five to 402. Last week, oil rigs recorded …

A Reuters poll today showed that oil prices will witness a steady recovery this year, with the arrival of vaccines to prevent Covid-19 more people and the acceleration of the economic recovery, and in light of the additional momentum of stimulus and the control of supplies of major crude producers. …

Oil prices slid on Friday as the collapse in bond prices led to gains for the US dollar and expectations have grown that as oil prices return to pre-pandemic levels, more supply will likely find its way into the market. US West Texas Intermediate crude futures fell 96 cents, or …

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 …