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Commodities news

A team of top news editors and analysts at 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

The latest developments of the Brexit and statements of officials

12:36 pm 2018-11-16

 The positions Brexit  differed from the Convention between the Procurator and the opponents of the Convention, where most of the supporters of the Convention a number of the British government and the side of the European side, of course, unlike the number of opposition ministers and former officials in the United Kingdom we review in this report most statements from both sides  The UK can not access EU safety data European Union (EU) chief negotiator Michel Barnier said on Friday in a meeting with EU ambassadors that…More

Gold is stabilizing amidst the focus on the breixt and US data

10:02 am 2018-11-16

 Gold prices remained flat on Thursday. The brichest worries came in the lead after British Prime Minister Dominique Rapp resigned as investors followed data from the US as better-than-expected retail sales on Thursday  The US Department of Labor said Thursday that initial jobless claims rose by 2,000 to 216,000 US growth outlook for the fourth quarter is getting worse Meanwhile, the Federal Reserve Bank of Atlanta said on Thursday that the model of the New York-based model of real economic expansion was…More

Crude oil prices rise 1.5 percent amid hopes of OPEC production cuts

08:48 am 2018-11-16

 Oil prices rose sharply on Friday as both indexes rose 1.5% as investors gained confidence that the Organization of Petroleum Exporting Countries (OPEC) will decide to apply new production restrictions to stabilize the market. Earlier this week, it was reported that Saudi Arabia and the Organization of the Petroleum Exporting Countries were planning a proposal to cut production by 1.4 million barrels per day. However, Morgan Stanley warned that cutting the cartel of producers in the Middle East may not have the desired effect. "The main indicators for…More

Gold prices rise amid Britain exit troubles

12:03 pm 2018-11-15

 Gold prices rose on Thursday to extend gains from the previous session after the announcement of a number of resignations within the British Prime Minister, which dealt a severe blow to plans to exit Britain from Prime Minister Teresa Mai. Asian stocks ended mixed on Monday, but European markets abandoned their earlier gains, easing less on a higher risk aversion. Teresa Mae: The Brexit is not ideal for the UK or for the EU UK Prime Minister Teresa Mae told parliament on…More

Oil traded on the rise as Russia cut production for November

09:19 am 2018-11-15

 Crude oil prices traded in the Green Zone on Thursday as investors continued to report that Russia cut production in November. One of the largest oil exporters reduced its oil production in the first two weeks of this month to 11.38 million barrels per day. Earlier this week, Russian Energy Minister Alexander Novak said the country's crude production could be lower in November, with Russia cutting production by 20,000 bpd since October. Oil has seen its biggest drop in three years at the beginning of the commodity…More

Silver and precious metals fell ahead of Powell speech

11:43 am 2018-11-14

 Precious metals traded in the red zone on Wednesday in parallel with selling in the European equity markets on the back of growing concerns about the health of the global economy. Gold futures for December delivery in the COMEX section of the New York Mercantile Exchange fell 0.2% to $ 1,203.5 an ounce by 06:12 GMT. Silver fell to a three-year low of $ 13.9 an ounce, the weakest since January 21, 2016. Investors are also waiting for Fed Chairman Jerome Powell's speech later…More

Oil spills losses after a 7 percent drop in the previous session

07:19 am 2018-11-14

Crude oil prices traded in the red zone on Wednesday as investors continued to fall yesterday by more than 6% when both indexes traded at an 11-month low. The decline in the previous session saw the biggest drop in oil value since 2014. The sharp fall in oil prices came after US President Donald Trump called on Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) not to cut oil production. Trump pointed out that based on supply, crude oil prices should be "much lower".More

Oil is increasing its losses after the OPEC report, which showed weak demand in 2019

12:42 pm 2018-11-13

  Oil fell for a 12th straight session on Tuesday, its longest ever slide after US President Donald Trump made Twitter cuts production. Coinciding with the publication of the monthly OPEC report, which showed a decline in demand during 2019 "We hope that Saudi Arabia and OPEC will not reduce oil production," Saudi Oil Minister Khalid al-Faleh said after Saudi Energy Minister Khalid al-Faleh said producers needed to cut oil output by about 1 million bpd from production levels in October. Much based on supply. " . In…More

Gold fell below 1200 dollar levels

11:53 am 2018-11-13

 Gold fell on Tuesday as Europe's major stock markets recovered some of yesterday's sharp losses, but Italian stocks were the exception due to a continuing budget dispute with the European Union. UK traders said that 95% of Britain's exit from the EU has already ended, but the remaining 5% is still in place. Tough in what he called "the final critical period" of negotiations. Hunt also said the deal could not end by the end of November, saying he did not know when the…More

Oil drops 1 percent after Trump production warning

08:47 am 2018-11-13

 Oil prices traded in the red zone on Tuesday as investors continued to chant US President Donald Trump from yesterday. Who warned Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) on Monday to cut oil production. Trump also stressed that crude oil values ​​are too high and need to be lower on the basis of the current global supply. Earlier, Saudi Arabia said it would cut oil supplies next month in response to falling demand. The meeting between OPEC and its allies, including Russia, did…More

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