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Commodities news

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Commodities news

Oil stabilized at the beginning of the weekly trading after the decline of oil platforms

09:58 am 2018-12-17

 Oil prices rose in morning trade on Monday as US drilling platforms fell to their lowest level since mid-October. After the Baker Hughes report at the end of last week as the oil services company Baker Hughes announced on Friday the number of crude drilling platforms in the United States - a preliminary indicator of future production - fell by four platforms in the week ended December 14 To 873 platforms. In other news, the yuan-denominated yuan futures prices fell as investors assessed market prospects…More

Gold fell as the dollar rose at the end of weekly trading

12:02 pm 2018-12-14

 Gold prices fell on Friday morning as the greenback rallied against most major currencies as traders awaited the Federal Reserve's weekly monetary policy meeting. Ahead of several US economic data later in the day, including retail sales, industrial production, industrial PMI, and PMI. The Federal Reserve is widely expected to raise interest rates by 25 basis points, but contrary to previous forecasts and forecasts, the central bank is unlikely to keep rates up next year. With the rate hike expected next week and global equities sharply…More

Oil prices fall amid concerns of falling demand in China

08:12 am 2018-12-14

  Oil prices fell on Friday in Asia following weak Chinese data that showed slower growth in the world's second-largest economy and raised concerns about demand. After a 3% rise in the previous session on proposals that global supplies could be balanced by the middle of next year. Report of the International Energy Agency The International Energy Agency (IEA) report, which represents the interest of energy consumers in the West, predicts that the global oil market will move to a deficit in the second quarter of…More

Oil traded down after the IEA report, Brent less than 60 dollar

11:00 am 2018-12-13

  Crude oil prices traded in the red zone on Thursday as investors digested the latest IEA report for December. According to the agency, US influence is expected to grow in the oil market, especially because it is excluded from the Opec + production agreement, creating concerns about the continued rise in US oil supplies. Investment incentives were cut despite US crude inventories falling by 1.2 million barrels last week by the Energy Information Administration. However, the decline was lower than expected and therefore adversely affect oil prices.…More

Gold diverged as the dollar stabilized during morning trading

08:12 am 2018-12-13

   Gold traded slightly on Thursday morning as the dollar stabilized in Asian trading as US stocks rallied and awaited the Fed's stance. Federal Reserve Chairman Jerome Powell's remarks last week that US interest rates at "neutral" levels were a sign that policymakers could stop the interest rate program in the new year. On the other hand, markets have also been paying close attention to the trade tension between the US and China, with reports today showing growing signs that China is taking more steps to…More

Gold rises ahead of US inflation data

11:14 am 2018-12-12

 Gold prices rose on Wednesday as the dollar stabilized ahead of US inflation data, as trade developments between the world's two largest economies followed, and uncertainty in Britain over the bricast.  Improved relations between the United States and China US stocks are expected to start trading on Wednesday with gains as investors closely watch the latest developments in the ongoing US-China trade war. After yesterday's announcement that Beijing was about to cut tariffs on car imports. The Dow Jones is expected to rise…More

Oil prices rise as US oil inventories fall

07:26 am 2018-12-12

 Oil prices rose on Wednesday in Asia after reports of a loss of production of 315 thousand barrels per day from the oil field Sharara, which seized at the weekend a local militia group. At the same time, the Libyan National Oil Company (NOC) announced an additional loss of 73,000 barrels per day in another oilfield, the Elephant. The US Petroleum Institute announced a decline in oil inventories in the United States 10.2 million barrels during the week ending on the seventh of December, while analysts forecast a…More

Gold is rising with anticipation of the Federal Reserve stance on interest rates

11:48 am 2018-12-11

 Gold prices rose on Tuesday and the dollar fell on speculation that the US Federal Reserve may take a backlash from raising interest rates in the future. However, investors are pricing a 73% chance to raise interest rates following the Dec. 18-19 meeting. The precious metal received support from rising concerns about the bricast after the British parliament postponed the exit agreement that was due to be held today. British Prime Minister Teresa Mae will meet with European leaders and EU officials in the hope of reaching…More

Oil rises after yesterday declines and Rossi pledged to cut production

07:54 am 2018-12-11

  Oil prices rose during Tuesday's trading after falling yesterday amid uncertainty over how OPEC and its allies would implement the production cut-off agreement and await weekly US inventory data. On Monday, oil futures traded with sharp losses on Monday, surrendering gains on Friday following an agreed output cut-off agreement between members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil exporters headed by Russia. Crude oil markets followed volatile sentiment in equity markets, especially in Europe, as the vote on Britain's exit from the European…More

Oil fell with the start of weekly trading

10:49 am 2018-12-10

 Brent crude Brent crude fell on Monday to trade higher in the morning before falling back $ 62, after OPEC and its allies agreed to cut output and concerns about Libya's largest oil field. Earlier in the week, major oil producers reached a preliminary agreement to cut oil production by 1.2 million bpd, with OPEC output cut by 800,000 barrels per day, while Russia and allied producers would release 400,000 bpd from the market.   Ended last week's trading at $ 52.61. Novak: The cuts…More

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