Tag Archives: WTI crude oil

China’s gold production rose 6.9 percent in the first quarter of 2023, returning to pre-pandemic levels, thanks in part to a jump in demand for gold and jewelry, as investors sought a safe haven away from financial market volatility. China’s Association of Gold Companies said on Tuesday that China’s production …

Gold prices fell on Monday for the second consecutive session as investors’ focus turned to Federal Reserve meetings to clarify its strategies to raise interest rates, which could highlight any progress in taming inflation. The spot gold price fell 0.1 percent to $1,980.89 an ounce by 0613 GMT. US gold …

Oil prices fell on Wednesday as the market assessed the possibility of the Federal Reserve raising interest rates which could slow growth and reduce oil consumption, which was offset by falling US inventories and strong Chinese economic data. And by 0641 GMT, Brent crude futures fell 35 cents, or 0.4 …

Oil prices moved lower on Monday as investors deliberated over a likely May interest rate hike by the U.S. Federal Reserve, which might hamper economic recovery hopes, despite Chinese GDP data was expected to augur well for demand growth. Brent crude futures were down 55 cents or 0.6% at $85.76 …

Oil prices stabilized on Monday, amid anticipation among investors for Chinese economic data, in search of signs of recovery in demand in the second-largest oil consumer in the world. Brent crude futures fell seven cents to $86.24 a barrel by 0746 GMT, and US West Texas Intermediate crude fell six …

Oil prices fell on Friday after the International Energy Agency warned that production cuts announced by OPEC+ producing countries could widen the oil supply deficit and harm consumers. And by 0820 GMT, Brent crude futures fell ten cents, or 0.12 percent, to $ 85.99 a barrel. West Texas Intermediate crude …

Despite an easing of US inflation, the oil price managed to recover. The US Dollar has been negatively impacted by a slowdown in US inflation. Last week, investors were mildly reported to have built up in oil inventories. After reaching a new four-month high of $83.48 on Wednesday, WTI and …

Oil prices rose on Tuesday as market participants assessed the OPEC+ decision to cut production, which would reduce supplies in the market, against concerns about raising interest rates, which is likely to hurt demand. Investors are awaiting this week a group of reports about inflation, supply and demand in the …

After climbing for three weeks straight, oil prices increased little on Monday as anticipation of supply reductions from Saudi Arabia and other OPEC+ members outweighed worries about slowing global growth that would reduce demand for gasoline. After OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, …

Oil prices rose in early Asian trading on Monday, supported by expectations of production cuts targeted by OPEC + starting in May, but gains were limited by concerns about the global economic outlook. Brent crude futures rose 13 cents, or 0.2%, to $85.25 a barrel by 2356 GMT, while US …