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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

Oil continues to rise as geopolitical and economic tensions persist

01:43 pm 2019-05-21

  Crude oil futures rose on Tuesday, extending gains from the previous session, amid rising tensions in Venezuela as well as in the Middle East and expectations that OPEC will continue to produce less crude oil for some time. Meanwhile, traders are awaiting weekly US crude inventories from the US Petroleum Institute (API) and the Energy Information Administration (EIA). The API is scheduled to release its report later today, while the Environmental Impact Assessment report is scheduled to be released…More

Precious metals traded in red zone as the stock market rallied

10:18 am 2019-05-21

 Precious metals traded in the red zone on Tuesday as investors shifted their focus on equities after Washington decided to ease the ban imposed on Huawei Technologies Co. Ltd. Ltd. Giant of Chinese technology. US stocks rise in the market before delaying the Huawei ban Stocks rose on Wall Street on Tuesday after trading in the market before the US Department of Commerce issued a temporary license to Huawei Technologies Co. Allowing her…More

Gold prices fell as the dollar rose and futures contracts

11:53 am 2019-05-20

Gold prices traded near the lowest level in two weeks on Monday with support for strong US economic data for the dollar to strengthen its position against gold amid geopolitical tensions and trade. American stocks move higher, Dow adds 100 points US stock markets traded with gains in Monday's session ahead of the market despite new concerns about the increasingly tense relationship between the United States and China. Earlier, Google Inc., the US technology giant,…More

Oil jumps 1 percent after OPEC meeting amid Iranian tensions

10:08 am 2019-05-20

Oil prices jumped more than 1% early on Monday as investors digested comments by energy ministers at the OPEC meeting in Jeddah. Saudi Energy Minister Khalid Al-Falih said that the cartel plans to continue to reduce the "gradual" production as there is still "a lot" of supplies in the world, while his Russian counterpart Alexander Novak warned of instability in the Middle East and tensions between the United States and China, Very unstable ". At…More

Oil continues to rise amid continued concern over Middle East tensions

12:30 pm 2019-05-17

Oil prices rose on Friday amid rising tensions in the Middle East. The report raised concerns that the world's largest oil producing region was heading for another war and oil prices were on the rise. The rise in oil prices came after Saudi Deputy Defense Minister and brother of the de facto ruler in the kingdom Khalid bin Salman on Twitter that Iran launched an unmanned drone attack on Tuesday. Earlier on Sunday, the Saudis said two…More

Gold and precious metals are mixed at the end of weekly trading

09:55 am 2019-05-17

     Gold held steady on Friday after a strong decline during Boom's session on Thursday as the dollar rose and investor appetite for high-risk assets rose thanks to strong US data and corporate results. US stocks fell and the Dow fell 100 points Stocks in the US fell in pre-market trading on Friday as tensions between China and the United States continued. Chinese state media have criticized Washington for its decision to include…More

Gold trades lower as stocks rise and trade tensions await

12:52 pm 2019-05-16

The precious metals trade fell during Thursday's trading after repeated attempts in the past few sessions to rise above $ 1300. Investors have been worried about how the US-China trade dispute has developed After Trump announced a national emergency due to threats against US technology in a move seen as targeting Huawei, a giant of Chinese technology. Wall Street futures are trading on the rise and the Dow is up 100 points More

Oil is trading in the green zone amid unrest in the Middle East

09:03 am 2019-05-16

Crude oil prices traded in the Green Zone on Thursday as investors closely watched rising tensions in the Middle East. It was the third consecutive day of oil price increases fueled by fears of supply cuts After Saudi Energy Minister Khalid al-Falih said earlier this week that two pumping stations on the Aramco oil pipeline in the country were "subjected to terrorist attack" by drones. The bombs. At the same time, some gains…More

Gold rising with new anticipation of US-China trade negotiations

11:28 am 2019-05-15

Gold prices rose on Wednesday as uncertainty over the future of US-China negotiations continued to disrupt global markets. As investors prepare for a new set of economic data. Traders will watch retail sales, industrial production and commercial inventories later in the day, while Vice President Richard Clida is due to speak. US stocks fall slightly in pre-market trading US markets saw a slight drop in pre-market trading on Wednesday, and investors' demand for the…More

Oil fell after the International Energy Agency report

08:57 am 2019-05-15

Crude oil prices traded in the red zone on Wednesday, as investors digested the monthly report of the International Energy Agency, which reported a drop in demand growth forecasts for 2019. According to the International Energy Agency. Oil demand was adjusted down to 1.3 million barrels per day. day. The worst-than-expected industrial output data from China also weighed on oil values. At the same time, market observers learned yesterday that the American Petroleum Institute announced a sudden…More

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