Archive for Tag: commodity news

Brent Oil

COMMODITY – Oil prices rise on China energy demand concerns

Brent Oil was trading 0.84% upat $85.06. Oil prices rose on Tuesday as a supply crunch in natural gas, electricity and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent Crude...

Read More
Commodity Markets Outlook

Oil up as industries switch from gas, little sign supply crunch easing

Brent Oil was trading 0.46% up at $82.42. Oil prices rose on Friday, and were on track for gains of nearly 5% this week, on signs some industries have begun switching fuel from high-priced gas to oil and on doubts the U.S. government would release oil from its strategic...

Read More

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...

Read More
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...

Read More
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...

Read More
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...

Read More