Commodities

Crude oil inventories in the United States increased for the first time in a month, rising by 500,000 barrels last week, according to data by the US Energy Information Administration (EIA) on Wednesday. This comes following three consecutive weekly declines of US oil stockpiles. Meanwhile, gasoline inventories decreased by 1.4 …

Data from the American Petroleum Institute showed that US inventories of crude oil rose last week, while gasoline and distillate stocks declined. Crude inventories increased by 951 thousand barrels over the week ending on October 2 to about 495.4 million barrels, while analysts’ expectations indicated an increase of 294 thousand …

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 rose for the second consecutive day on Tuesday, amid output disruptions and improved risk sentiment. Brent crude futures for December delivery added $1.36, or 3.3%, and closed at the level of $42.65 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude futures for November delivery finished higher …

Gold futures closed lower on Tuesday, after opening the week at its highest level in about two weeks, as the US Dollar (USD) is showing some recovery signs. Gold futures for December delivery declined by $11.30, or 0.6%, and settled at $1,908.80 per ounce. Meanwhile, silver futures for December delivery …

Gold prices fell on Tuesday, while stocks rose after US President Donald Trump left the hospital after being treated for the Corona virus, but the weakness of the dollar limited the gains. Gold spot fell 0.1% to 1910.68 dollars an ounce, and yesterday it had recorded 1918.36 dollars, its highest …

Oil prices surged on Monday, recovering most of its losses last week, supported by an improved risk appetite after positive news about the health of US President Donald Trump. Brent crude futures for December delivery closed higher by $2.02, or 5.1%, at $41.29 per barrel, after four consecutive daily declines. …

Gold prices rose on Monday to their highest level in nearly two weeks, as the US Dollar (USD) declined across the board. Gains by the precious metal come despite an improved risk sentiment and reduced demand for safe havens; however, the general weakness of the USD supported the yellow metal. …

Gold fell on Monday, as the White House signal that US President Donald Trump was “responding well” to the Covid-19 treatment improved global sentiment, prompting the withdrawal of money from the metal that is usually considered a safe haven. Doctors said his health was improving and he may return to …

Oil prices increased by more than 2% on Monday, supported by statements from doctors to US President Donald Trump indicating that he could be discharged from the hospital today, a few days after he was diagnosed with the Coronavirus, which caused widespread panic. New information on Trump’s health reduced the …