Commodities

Natural gas inventories in the United States increased by 29 billion cubic feet last week, below market expectations, according to data by the US Energy Information Administration (EIA) on Thursday. Gas stockpiles now stand at 3.955 trillion cubic feet. This means an increase of 285 billion cubic feet compared with …

Oil prices continue their losses after losing 5% in the previous session, with governments re-imposing restrictions to contain the second wave of cases with the Coronavirus, and amid indications of a growing global supply glut. By 0743 GMT, US West Texas Intermediate crude futures were down 8 cents, equivalent to …

Oil prices declined on Wednesday and finished at their lowest level since June, after data showed an increase in crude inventories in the United States. Data by the US Energy Information Administration (EIA) showed earlier today that crude oil stockpiles in the United States grew by 4.3 million barrels last …

Gold prices declined on Wednesday to finish at their lowest level in about a month, as the US Dollar (USD) rose across the board amid concerns about the rising number of new COVID-19 cases. Gold futures for December delivery plunged by $32.70, or 1.7%, and closed at $1,879.20 per ounce. …

Oil prices plunged on Wednesday, giving up the gains they had made the previous day, as an increase in US crude stocks and a rise in coronavirus cases in Europe and the United States fueled concerns about oversupply and weak demand for fuel. Brent crude futures fell $ 1.60 to …

Oil prices retreated on Wednesday, losing most of the gains they made the previous day, as increased US crude stocks and a rise in coronavirus cases in Europe and the United States boosted concerns about oversupply and weak demand for fuel. By 0725 GMT, Brent crude was down $ 40.20 …

Oil prices rose on Tuesday as weather conditions are expected to once again affect production in the Gulf of Mexico, On the other hand, a gloomy outlook for global demand amid another surge in COVID-19 cases limited crude gains. Brent crude futures for December delivery increased by 74 cents, or …

Gold prices closed higher on Tuesday, as the US Dollar (USD) declined across the board amid selling pressures, while demand for safe havens remained high amid worries about another wave of the COVID-19 pandemic. Gold futures for December delivery rose by $6.20, or 0.3%, and finished at $1,911.90 per ounce. …

Gold prices rose on Tuesday as a new wave of infections with the Coronavirus threatened to slow the global economic recovery from the Covid-19 pandemic, adding to the appeal of the yellow metal as a safe haven. Gold spot 0.2% to 1,906.83 dollars an ounce. In US futures trading, it …

Oil prices rose on Tuesday after recent sharp losses, but market sentiment remains weak as high COVID-19 cases hurt the outlook for fuel demand while supplies rise. And Brent crude rose 42 cents, or the equivalent of 1%, to 40.88 dollars a barrel. U.S. crude gained 37 cents, or 1%, …