Commodities

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 …

Oil prices declined on Friday, as markets are still reacting to the news of the President of the United States, Donald Trump, and his wife, testing positive for COVID-19, as well as an increase in US drilling rigs. Crude prices remain impacted by fears of a gloomy demand outlook. Brent …

Gold prices declined on Friday as markets are still digesting news of the President of the United States, Donald Trump, and his wife, testing positive for COVID-19. The news did not result in a shock or panic buying of the precious metal, which ends the week in gains. Gold futures …

Active rigs drilling for natural gas and crude oil in the United States increased, for the second consecutive week, by 5 rigs to a total of 266, according to the data of the weekly report released by Baker Hughes on Friday. Meanwhile, oil rigs added six more to reach 189 …

Gold continued to record gains, making its way to its best weekly performance in nearly a month, as investors run to safe haven after President Trump tested positive for the Corona virus. Gold spot rose 0.5% to 1915.34 dollars an ounce, erasing losses it incurred in early trade in Asia. …

Interfax reported, citing Russian Energy Ministry data, that oil and gas condensate production rose to 9.93 million bpd in September from 9.86 million bpd in August. Production of oil and gas condensate reached 40.65 million tons in September compared to 41.7 million tons in August. The OPEC + agreement excludes …

Oil prices declined on Thursday, to finish at its lowest level in about two weeks, amid renewed concerns about the global demand recovery and the rising number of COVID-19 cases in many countries. Brent crude futures for December delivery fell by $1.37, or 3.2%, to close at $40.93 per barrel, …

Gold prices rose on Thursday to its highest closing level in about two weeks, amid the decline of the US Dollar (USD). Gold futures for December delivery increased by $20.80, or 1.1%, and closed at $1,916.30 per ounce, its highest finish since September 18. The yellow metal is now heading …

Oil received some support from renewed hopes about a US fiscal stimulus, but concerns about an increase in Corona Cases weighing on demand. West Texas Intermediate (WTI) crude oil futures slipped 1 cents to $ 40.21 a barrel after jumping 2.4% on Wednesday. Brent crude futures also rose to 42.32. …

Gold rose Thursday, October 1st after being boosted by the dollar’s decline and signs of progress in talks on new US stimulus measures. Gold Spot gained 0.4% to $1892.23/ounce, to start the month on the upside, after posting the largest monthly decline since September 2016. US gold futures rose 0.2% …