Archive for Tag: commodities market news

WTI crude futures

Oil extends losses as U.S. mulls strategic reserve sales

Brent Oil was trading 0.48% down at $80.72. Oil prices fell sharply on Thursday, extending losses from the previous session, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market. Brent Crude...

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Oil dips, pares back only some of sharp gains made on U.S. stocks drawdown

Brent Oil was trading 0.13% down at $75.37. Oil prices slipped on Thursday, paring back only some of the large gains made the previous day on the back a larger-than-expected drawdown in crude oil stocks in the United States. Brent oil fell 12 cents, or 0.2%, to $75.34 a...

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Brent Crude Oil Price

Oil hits 6-week high as U.S. Gulf braces for another hurricane

Brent Oil was trading 0.64% up at $73.98. Oil prices hit a six-week high on Tuesday as another hurricane threatened to bring heavy rain to Texas and parts of Louisiana that were still recovering from Ida, and as the International Energy Agency forecast a big demand rebound for the...

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Gold Prices

Gold Down, Near Two-Week Lows as Dollar Strengthens

Gold was trading 0.38% up at $1800.40. Gold was down on Thursday morning in Asia, remaining near two-week lows. A strengthening dollar Index Futures contributed to the yellow metal’s losses, while investors also await the European Central Bank (ECB)’s latest policy decision. Gold Futures were down 0.21% to $1,789.75...

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Brent Crude Oil

Oil edges lower as U.S. pushes OPEC to pump more

Brent Crudewas trading 0.72% down at $71.71. Oil slipped on Tuesday as OPEC and allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, although Brent still traded well above $70 per barrel. Prices were also under pressure from concerns that...

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Oil Down, Increasing COVID-19 Cases Continue to Dampen Fuel Demand Outlook

Brent Oil was trading 0.74% down at $72.89 Oil was down Monday morning in Asia but remained little changed even as increasing numbers of COVID-19 cases globally continue to cloud the fuel demand outlook. Brent Oil Futures fell 1.16% to $72.59 by 1:31 AM ET (5:31 AM GMT) after...

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