Commodities

Natural gas inventories in the United States increased by 70 billion bcf last week, according to the US Energy Information Administration (EIA) Natural Gas Storage report. The rise in natural gas stockpiles comes compared with market expectations of a 68 billion bcf increase, after a 35 billion bcf increase in …

Oil futures rose again on Wednesday to compensate for some of the losses of the previous session, but the renewed growth of Covid-19 infections in some countries undermined hopes for a steady recovery of global demand. Brent crude advanced $ 1.01, equivalent to 2.5%, to be settled at $40.79 a …

Oil prices closed higher on Wednesday, amid a decline by the US Dollar (USD), recovering some of its losses on Tuesday. Brent crude futures for November delivery increased by $1.01, or 2.5%, to settle at $40.79 per barrel, after falling below $40 for the first time since June yesterday. The …

Gold prices rose on Wednesday for the second consecutive day supported today by a decline in the US Dollar (USD) amid a rebound by the Euro ahead of the European Central Bank’s (ECB) upcoming meeting. Gold futures for December delivery increased by $11.70, or 0.6%, and settled at $1,954.90 per …

Morgan Stanley said in a note on Wednesday that he expects Brent crude prices to rise to $ 50 a barrel by the second half of 2021, supported by a weakening dollar and increasing inflation. “Unprecedented expansion of monetary aggregates has weakened the US dollar and put upward pressure on …

Oil prices declined on Tuesday to its lowest level since June, amid concerns about the global demand outlook, despite reports of some major producers planning further output cuts. Brent crude futures for November delivery plunged by $2.23, or 5.3%, to settle at $39.78 per barrel. Meanwhile, the West Texas Intermediate …

Gold prices rose on Tuesday, recovering from earlier losses to close at its highest level in about a week. The rise in the yellow metal prices came amid the decline in stock markets. Gold futures for December delivery increased by 0.31% or $8.90 and closed at $1,943.20 per ounce. Earlier …

Oil prices fell on Tuesday, September 8, amid concerns about fuel demand as the summer holiday season in the United States comes to an end, and a long Labor Day weekend has increased fears of an increase in coronavirus cases in more US states. US West Texas Intermediate crude futures …

Oil prices fell more than 1% on Monday (September 7th) after hitting the lowest level since July, after Saudi Arabia announced the largest monthly price cut for supplies to Asia in five months, while optimism about a recovery in demand dwindled amid the pandemic. Brent crude was $ 42.11 a …

China’s imports of crude oil in August rose 13% from their level a year ago, supported by large purchase orders earlier in the year when global oil prices collapsed and at a time when customs clearance of shipments delayed in the past due to congestion at ports. Data issued by …