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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 rises despite car sales in China

08:56 am 2019-02-18

Crude oil prices traded marginally higher in the Green Zone on Monday despite incentives for investment in the oil market were weak as market observers absorbed the expected drop in Chinese car sales last month. The fall saw a seventh consecutive month of decline in car sales in the world's second-largest economy, creating fears of falling demand for oil. The Baker Hughes Report Concerns continued to increase US production after data showed Baker Hughes oil services on Friday, the number of crude oil drilling…More

Gold rises as talks end at the end of weekly trading

12:22 pm 2019-02-15

 Gold prices rose on Friday and the dollar slipped slightly against a basket of currencies two days after the end of US-China trade talks. Where high-level talks between US and Chinese officials in Beijing have ended, and it remains unclear whether the two sides have made any progress in solving the thorny issues. High futures for US markets with a focus on trade negotiations Stocks in the US were in the Green Zone on Friday during Wall Street's initial trading as…More

Oil rises due to partial disruption of Saudi oil field

09:21 am 2019-02-15

 Crude oil futures rose on Friday. Brent crude hit $ 65.1 a barrel at the start of the session, its highest level since Nov. 20, supported by production cuts among members of the Organization of the Petroleum Exporting Countries (OPEC), Saudi Arabia, the United Arab Emirates and Kuwait. The latest catalyst for price hikes was the partial closure of Safaniya, which usually produces more than one million barrels a day. There are few details about the disruption of the offshore oil field in Saudi Arabia. The country…More

Gold prices are stable as optimism about trade talks rises

12:19 pm 2019-02-14

 Gold prices remained flat to a little lower on Thursday, and the dollar index has stabilized near its best level since Dec. 17. A two-day conference in Beijing kicked off to help resolve tense trade tensions between the United States and China. Rising markets with a proliferation of optimism trade Wall Street stocks were higher in Thursday's trading session as the latest round of US-China trade talks began in Beijing, with US Treasury Secretary Stephen Menochin and trade representative Robert Laitaizer scheduled to meet…More

Oil continues to rise and Russian energy minister returns unrest to Venezuela

10:24 am 2019-02-14

 Oil prices continued to rise above the WTI crude, the highest closing in a week at $ 53.90 per barrel. Support from optimism over the resumption of trade negotiations Thursday in Beijing as part of both sides' efforts to reach a trade deal before March 1. The markets hope to make progress towards ending the US-China trade war. Sources told Bloomberg that US President Donald Trump is considering extending the truce with Beijing on trade duties due to expire on March 1 for an additional 60 days .More

Gold rallies after dollar retreat after Powell comments

11:37 am 2019-02-13

Gold prices rallied on Wednesday, taking advantage of a marginal decline in the dollar, as investors try to digest remarks by Federal Reserve Chairman Jerome Powell, as well as optimism about the initial agreement to finance the US government, which will avoid the country's closure of another government. Powell played down the chances for the US economy to fall into recession, especially as the unemployment rate approached its lowest level in half a century and economic output rose at a "strong pace." While President Trump said he…More

Oil trading on the rise as US stocks plummet

09:36 am 2019-02-13

  prices of the most heavily traded crude oil futures contracts rose on Wednesday after a monthly report issued by the Organization of the Petroleum Exporting Countries (OPEC), which showed a decline in production of about 0.8 million barrels per day. The cartel reached a level of compliance of 86% with quotas agreed with a group of producers led by Russia. US Petroleum Institute: Oil inventories fall 998 thousand barrels .. The increase in gasoline stocks 746 thousand barrels In addition, the American Petroleum Institute measured…More

Gold rises as the dollar retreats after yesterday decline

12:17 pm 2019-02-12

 Gold prices rose on Tuesday and the dollar fell from a two-month high as investors awaited the outcome of another round of China-US trade talks in Beijing. The world's two largest economies will try to reach an agreement before the March 1 deadline, and then US tariffs on Chinese imports will increase by $ 200 billion to 25 percent from 10 percent. US stocks expand gains after closing US stocks extended gains earlier in the session on Tuesday after US lawmakers managed to…More

Oil rises modestly amid Beijing trade talks

09:25 am 2019-02-12

 Standard crude oil prices in the Green Zone were on Tuesday as markets followed up from the preparatory discussions for a high-level talks between China and the United States. Later this week, Treasury Secretary Steve Menuchin and Trade Representative Robert Lefteizer are scheduled to address the issue. Their host, Vice Premier Liu, is the trade disputes, protection of intellectual property and structural reforms in the largest country in terms of population. This week, a series of reports that may provide new directions for the…More

Precious metals traded in red as stocks rebounded

11:42 am 2019-02-11

Spot gold fell on Monday as investors favored stocks when Chinese stock exchanges returned online. Trading in the largest country in terms of population has stopped throughout the week due to the Lunar New Year. Stocks jumped in Shanghai and Shenzhen on the first day, leading to a spread of risk appetite and the sale of safe haven assets. Standard government debt, precious metals, yen and Swiss francs fell less, but the dollar rose with uncertainty surrounding China-US trade talks and the border security…More

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