Archive for Category: Market Outlook Commodities

Brent Crude Oil

Oil drops on Druzhba pipeline news and U.S. inflation expectations

Brent Crude Oilis trading down 1.51% at 94.11 Oil prices fell on Wednesday on expectations that Druzhba pipeline flows will resume shortly and demand concerns ahead of publication of key demand indicators. Brent crude futures were down $1.69, or 1.75%, to $94.62 a barrel at 1124 GMT. U.S. West...

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Brent crude futures

Oil prices stabilize after drop to near 6-month low

Brent Crude Oilis trading down 0.39% at 96.27 Oil prices were broadly steady on Thursday as the market weighed tight supply against demand fears, after a build in U.S. crude and gasoline stocks sent prices to multi-month lows in the previous session. Brent crude futures inched up 36 cents,...

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Copper set to end June with a 16-month low

The price of COMEX Copper futures is down 2.33% at 3.6925 per pound on mid-Thursday trades. Copper prices further declined on Thursday. This makes copper prices on track for the biggest quarterly percentage fall since March 2020. The potential of a recession occurring coupled with the decline in demand...

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Chicago Wheat futures

Wheat approaches 4-month low, providing relief to inflation

The price of Chicago Wheat futures is up 1.90% at $9.6 per bushel on mid-Friday trades. Prices of wheat has fallen to 4-month low providing some relief to galloping inflation rates. Chicago wheat futures on Friday hit their lowest in nearly four months and headed to a second consecutive...

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Chicago copper futures

Copper approaching 15-month low on recession fears

The price of COMEX Copper futures is down 2.67% at $3.8385 per pound on mid-Thursday trades. The price of copper has been declining since early June. It has witnessed only two bullish sessions since then. The policy tightening approach adopted by the Western leaders to fix the inflation mess...

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COMEX gold futures

Gold trade flats on lack of momentum

The price of COMEX gold futures is up a mere 0.01% at $1840.8 per troy ounce on mid-Monday trades. Gold price is trading flatly around the $1840-level after witnessing a fall in the previous week. The recovery in risk sentiment bodes ill for the safe-havenasset. The upside in gold...

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Chicago wheat futures

Wheat prices poised to rise for the second consecutive week

The price of Chicago wheat futures is up 1.16% at $11.0 per bushel on mid-Friday trades. CBOT wheat prices rose 2.69% on Thursday on account of the rising risk of drought in central United States. Estimates from Ukraine that about 5.9 million acres of winter corps would not be...

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