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Commodities news

A team of top news editors and analysts at Tradingpeek.com will provide a comprehensive coverage of important commodity news and influential economic reports that will make you aware of what is going on in the commodity markets, we update commodity news daily.

Commodities news

Oil prices rise as supply falls

12:40 pm 2019-03-26

Oil prices rose sharply on Tuesday, bolstered by Venezuela's political turmoil, which threatens further supplies to the country. Where fears of a possible recession have eased. Investors expect that supplies will continue to be cut through the rest of 2019. OPEC and its allies plan to hold the next Joint Ministerial Monitoring Committee meeting on May 19 in Jeddah, Reuters reported. OPEC and other countries, including Russia, have agreed to cut oil production by 1.2 million bpd this year. US sanctions against Iran…More

Gold fell as global stocks rallied

11:16 am 2019-03-26

    Gold traded in Tuesday's session after three sessions of gains, as the recovery of global markets reduced the attractiveness of precious metals as a safe haven. Wall Street futures rise Markets in the US were in the green zone during the pre-market market on Wall Street on Tuesday as investors remained wary of the global economic slowdown. At the level of US-China trade talks, Trade Representative Robert Leitzer and Treasury Secretary Stephen Menuchin will go to Beijing on Thursday to continue negotiations.…More

Oil trading stabilizes as concerns over slowdown in US

11:38 am 2019-03-25

 Oil prices settled slightly lower on Monday as fears of a sharp economic slowdown overwhelmed investors' optimism over OPEC-led supply cuts and US sanctions on Iran and Venezuela. Baker Hughes said on Friday that the number of American excavators - for the fifth week in a row - fell by 9 to 824 last week, easing fears of rising US production. However, the downside in the oil market has been constrained by tight supply and US crude inventories.  Concerns about growth in the United States…More

Gold is rising as the dollar and equities are heading towards safe havens

10:38 am 2019-03-25

Gold prices rose in early trading on Monday, as equity markets and safe-havens were heading for renewed concerns about a slowdown in global growth as the trade dispute between the world's two largest economies continued. Wall Street futures are steadily trading low Stocks in the US traded mostly unchanged during pre-market trading on Monday as investors continued to worry about the global economic outlook. Last week, Wall Street ended sharply in the red zone, driven by gloomy economic data from around the world. …More

Gold is rising and anticipation of the Brexit and fears of a decline in economic growth

10:25 am 2019-03-22

 Gold traded higher on Friday as markets awaited developments in geopolitical events such as the Beijing-Washington trade talks and the BRICT. UK exit opportunities from the EU without a 50-50 agreement Luxembourg Prime Minister Thierry Mae announced Thursday that the chances of Britain's exit from British Prime Minister Theresa Mae were "50-50". The President of the State of Luxembourg added that the extension of article 50 would only bear fruit if the withdrawal agreement succeeded in voting in the British Parliament in the next…More

Oil traded lower on fears of economic slowdown

09:31 am 2019-03-22

  Crude oil prices fell on Friday as fears over a global economic slowdown overtook Opec's efforts to balance the oil market by implementing production cuts. OPEC-led production cuts, as well as US sanctions on Iran and Venezuela, have pushed crude futures to their highest level since Nov. 12. However, the disappointing PMI figures from Japan and Germany contributed to the drop in oil prices from a four-month high. Concerns about economic slowdown in Germany and Japan   Japan's manufacturing activity showed a slowdown,…More

Oil prices fall as global growth retreats

11:22 am 2019-03-21

 Oil prices fell from their highest level in four months on Thursday, as concerns about slowing world growth renewed the market's impact. US crude inventories fell 9.6 million barrels for the week ending March 15, the biggest since July, boosted by strong demand for exports and refining. This compared to analysts' forecast of an increase of 309 thousand barrels. Oil Outlook to Rise in 2019 Brent crude oil prices rose to $ 75 a barrel in the third quarter of this…More

Precious metals rise and palladium jumps after Federal Reserve decision

10:16 am 2019-03-21

 Gold prices rose Thursday to their highest level since Feb. 28, while palladium continued to hit record highs on Thursday. The threat of a ban on some exports from Russia has raised fears in a market already under supply. Both palladium and platinum are used as catalysts to reduce emissions in cars, but palladium is used more in gasoline engines. The rise in precious metals is due to support from the Federal Reserve's interest rate stabilization and exclusion of opportunities for raising this year.…More

Oil fell as business fears returned

12:14 pm 2019-03-20

  Oil prices fell from a four-month high on Wednesday as trade fears re-emerged and Alberta County said it was easing its production limit imposed in January. Meanwhile, after API data showed a 2 million barrel drop in US crude supplies for the week ending March 15, investors are now awaiting the US Energy Information Administration (EIA) report later in the session for further guidance. Alberta's provincial government expects to increase production limits by 25,000 bpd in May and 25,000 bpd in June, allowing a total production of…More

Precious metals record contrast and palladium records a new high

10:10 am 2019-03-20

 The palladium hit a new record for a third straight day, jumping to $ 1602.12 an ounce on Tuesday. While gold and silver fell ahead of the Fed's decision Wall Street futures rise ahead of Fed decision Markets in the US were in the green zone as they traded on the pre-market market on Wall Street on Wednesday as investors waited for the Federal Reserve rate decision to be made later in the day. On the war front, US Trade Representative Robert Leitzer and Treasury…More

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