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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 declined at the end of weekly trading

11:58 am 2019-01-18

Gold prices rallied after a period of fluctuation amid rumors after reports that US Treasury Secretary Steve Menochon might suggest easing or eliminating import tariffs on Chinese goods. China also confirmed on Thursday that Vice Premier Liu Hu will visit Washington from Jan. 30 to 31 as part of ongoing trade talks between the two countries.  Late last year, the United States and China agreed to halt new measures on protection measures for 90 days. Countries will use time to try to find solutions to a number of…More

Oil rises after reports on OPEC output cuts

09:11 am 2019-01-18

Crude oil futures jumped more than 1% on Friday, hitting their highest level since the end of last week, after a report from the Organization of Petroleum Exporting Countries (OPEC) showed that cartel and other major oil producers led by Russia cut production in December. OPEC said production in the last month of 2018 fell by 751,000 bpd to 31.58 million bpd. In addition, Russian Energy Minister Alexander Novak said his country would try to accelerate its crude production cuts to meet the new agreement with Opec +…More

Gold settled in trading Thursday 17-01-2018

12:45 pm 2019-01-17

Gold prices held steady on Thursday despite growing concerns over Britain's move towards an unregulated exit from the European Union after Prime Minister Teresa Mae's plan was rejected and marginally backed by a vote of no confidence from her government. On the other hand, the Fed's latest report on the economy showed that companies across the United States have become less optimistic in recent months. With the economic upswing, the Federal Reserve is expected to keep rates steady at least until June.  The partial closure…More

Oil fell after the US Energy Information Administration data

08:32 am 2019-01-17

 Oil prices fell on Thursday in morning trading after the US Energy Information Administration data showed that US crude oil production hit a record 11.9 million barrels per day in the week ending Jan. 11, up 11.7 million bpd the previous week. Gasoline inventories rose by 7.5 million barrels compared to expectations of a stockpile of 2.77 million barrels. While distillate inventories increased by 2.97 million barrels, compared to forecasts of 1.57 million barrels. Oil prices rose yesterday after positive data on China's investment climate as…More

Oil rises as demand rises from China

10:59 am 2019-01-16

  Oil prices rose on Wednesday and were supported by comments by Energy Minister Khalid Al-Falih, in which he said he was confident that stocks would return to normal levels, which would increase confidence in the market. It was also optimistic after China decided to take measures to stimulate its economy as it faced the risk of a trade war with the United States. China is the world's largest oil importer. There was no significant impact on the British House of Commons' rejection of the…More

Gold rise due to uncertainty after the rejection of the exit agreement

10:06 am 2019-01-16

Gold prices rose as investors turned to safe havens and gold price gains came after a vote was rejected on Prime Minister Teresa Mae's plan to break a huge margin. In light of the uncertainty about the Brikst agreement after being rejected by the British House of Commons overwhelmingly. Where the House of Commons voted by a vote of 432 to 202 against the Brix, while British Prime Minister "May" a vote of no confidence later today.  At the same time, many Federal Reserve officials agreed that…More

Gold fell as stocks rose and the dollar stabilized

10:50 am 2019-01-15

  Gold prices fell today, as investors' appetite for high-risk assets recovered. Global equity indexes rose on Tuesday after recovering from China's weak export data after signs of Beijing's boost to slowing the economy, including increased tax cuts. China announced earlier this week a $ 190 billion tax cut this year with an emphasis on "efficiency promotion". The objective of the program is to make local governments issue more private debt for public projects and support employment and expenditure with tax breaks for small businesses and consumers. More

Oil traded in the Green Zone, up more than 1 percent

08:16 am 2019-01-15

  Crude oil prices traded in the green zone on Tuesday, reversing losses from the previous session as investors were increasingly optimistic about the Organization of the Petroleum Exporting Countries (OPEC) and other major oil producers' efforts to implement production constraints. However, the Brent index is still trading below $ 60 a barrel on persistent worries of a global economic slowdown. The sanctions imposed by Washington on Iran, which severely affect the country's oil production, have supported the rise in crude oil prices. At the same time, US production continues…More

Gold rises amid risk aversion after Chinese data

10:25 am 2019-01-14

 Gold prices rose on Monday as the US dollar stabilized after weak Chinese data boosted worries about economic growth, While the US dollar is little changed and is awaiting any further signs of the Federal Reserve's move to raise or stabilize interest rates this year. Earlier this month, Federal Reserve Chairman Jerome Powell indicated that the central bank would be prepared to rein in monetary policy if needed. Several Fed officials will speak this week, giving them additional opportunities to reassure market watchers that they…More

Oil fell 1 percent, Brent retreats below 60 dollar

08:08 am 2019-01-14

   Oil prices traded in the red zone on Monday as the indexes fell more than 1% as market observers followed economic data worse than expected from China. Investment incentives were cut after China's imports fell 7.6 percent last month in dollar terms on a year-on-year basis, compared with a 3 percent growth in November. Exports came 4.4% lower than last year after a 5.4% growth. Meanwhile, investors were worried about slowing global economic growth as they digested the number of Baker Hughes oil platforms on Friday. However, the…More

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