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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

Gold prices continue to rise as the dollar plunges and futures contracts rise

12:02 pm 2019-03-18

Gold prices rose on Monday to widen the gains of the previous session and the dollar fell as weak US data on Friday reinforced expectations that the Fed may take a pessimistic stance this week. US stocks rise higher Wall Street indexes were mostly higher in pre-market trading on Monday as investors expect the latest decision to raise rates from the Federal Reserve on Wednesday. Policy makers are expected to leave interest rates unchanged, while Federal Reserve Chairman Jerome Powell can provide more details on…More

Oil records a decline in the beginning of weekly trading

08:23 am 2019-03-18

Oil prices were trading in red at the beginning of the week on Monday, although last week's data from Baker Hughes concerning the number of oil platforms operating in the United States and Canada, which recorded a decline Al-Falih: Not under American pressure to increase supply Saudi Energy Minister Khalid al-Falih on Monday denied reports that the country was under pressure from the United States to refrain from further production cuts. Speaking to reporters at a meeting of OPEC's non-Opec ministerial committee in Baku, Al-Falih…More

Oil rises with warnings of a decline in the Venezuelan extension

11:45 am 2019-03-15

 Oil prices rose on Friday to hover near a four-month high after OPEC said it had continued to cut output in February, but at a much lower rate than the previous month. Iraq, Kuwait, Saudi Arabia and Venezuela also recorded declines in February production. International Energy Agency warns of supply risks due to Venezuela crisis The International Energy Agency (IEA) warned on Friday that the world supply of oil could face a "collapse of crude production" in crisis-stricken Venezuela, where power cuts have lasted…More

Gold prices are rising during the last trading day of the week

10:35 am 2019-03-15

  Gold prices rose during the last week of trading on Friday, trading at their highest levels this week at $ 1300 levels, supported by the decline in the dollar index under the pressure of growing fears of slowing global growth, prompting investors to move to safe havens to hedge against volatility. The markets are looking for new British exit from the European Union after the British parliament approved the extension of the BRIC deadline beyond March 29. Where the UK office minister and de facto Deputy…More

Gold fell amid continued global uncertainty

11:27 am 2019-03-14

 Gold prices fell on Thursday and the dollar index stabilized as concerns over Britain's exit from the EU declined and investors took mixed data from China in their move. The pound held firm after British legislators rejected Britain's exit from the European Union, paving the way for a vote later in the day that could delay Britain's exit until at least the end of June. Look out for the British exit The House of Commons will vote later on whether to ask the European…More

Oil continues to decline as reports of falling production and falling stocks continue

10:28 am 2019-03-14

 Oil prices rose on Thursday, supported by optimism about OPEC and its allies' efforts to cut production to support markets, as US inventories unexpectedly fell. US oil inventories fell by 3.9 million barrels US crude oil inventories fell 3.9 million barrels to 449.1 million barrels for the week ending March 8, the US Energy Information Administration said on Wednesday. The crude oil refinery's average input was 16 million barrels per day during the same week, up 30,000 barrels from the previous week's…More

Gold rises as financial markets retreat and focus on Brexit developments

10:29 am 2019-03-13

Gold prices rose, driven by stock losses and uncertainty about the UK's withdrawal as lawmakers in the UK again rejected Brexit package from Prime Minister Teresa Mye, and are now ready to vote on leaving the bloc without an agreement and extending Article 50. However, European Council President Donald Tusk warned that Britain could not get out of the EU on the deal, "a significant increase" after the May defeat in parliament. Asian stocks today, led by China, Japan and Australia, posted notable losses amid investor…More

Oil rises moderately due to lower US inventories

08:35 am 2019-03-13

 Crude oil futures traded for a third consecutive day on Wednesday, though slightly lower than yesterday's high. Standard energy commodity valuations were based on a decline in commercial inventories in the week ending March 8 in the United States, according to API standards. The results of the special survey showed a decrease of 2.6 million barrels, while the loss of the industrial center in Cushing, Oklahoma, 1.1 million barrels, in addition to the reduction of gasoline by 5.8 million barrels in total. US Petroleum…More

Gold rising ahead of the vote of the brexit

11:41 am 2019-03-12

 Gold rose slightly on Tuesday after UK Prime Minister Teresa May secured significant changes in the EU divorce deal. In the United Kingdom, deputies are due to vote on Britain's exit from the EU for the second time, hoping to pass it after Prime Minister Theresa May reached a last-minute deal with Brussels to obtain legally binding commitments in support. With the passage of just over two weeks until the UK leaves the EU, the British Parliament is scheduled to hold a series of votes on Britain's…More

Oil is trading in green as production in Venezuela shrinks

08:24 am 2019-03-12

 Crude oil futures rose for a second consecutive day on Tuesday as traders took into account the risk of a rapid decline in output in volatile Venezuela. A series of fires and explosions in power transformers left the country in blackout and blocked stations and oil installations. The country is suffering from US sanctions, which also target oil, but sharp cuts have the potential to disrupt the market faster than expected. The United States is on track to become a net exporter of oil by 2021,…More

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