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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

Gold metal declined as the dollar stabilized and global stocks fell

09:51 am 2019-10-18

Gold fell Friday to record a one-week low as the dollar stabilized, as the British parliament's vote on a draft Brexit deal reached by the United Kingdom and the European Union. The stability of the dollar and the decline of global stocks Global stocks fell on Friday after China posted its weakest quarterly economic growth rate in three decades, underscoring investor concern about trade-related slowdowns in major markets around the world and refocusing on…More

Oil retreated to a weekly closing in red after inventory data

08:49 am 2019-10-18

Global oil prices fell, after causing a slowdown of Chinese data in the inconvenience of markets and investors who have re-calibrated prices after data from the US Department of Energy yesterday showed larger than expected increase of 9.3 million domestic crude oil supplies last week, while exports rose over the fallen four weeks Past about one million barrels for the same period last year.  US Energy Information Administration: US oil inventories rise 9.3 million barrels More

Gold stabilizes as dollar stabilizes and awaits Brexit developments

09:31 am 2019-10-17

Gold prices have stabilized below the $ 1,500 level as the dollar stabilizes, with developments on the prospect of an EU-UK deal on Brexit expected. With London this week, there may be another EU summit before the end of October, according to a senior EU official. The official also said that consent is the main issue in the negotiations. The European Union's chief negotiator in the European Union, Michel Barnier, agreed that the necessary Northern Ireland approval will…More

Oil falls due to rising US inventories after the Institute of Petroleum report

07:26 am 2019-10-17

Crude oil futures were down nearly 1% on Thursday after private data showed a larger-than-expected increase in US oil inventories. According to a report by the American Petroleum Institute (API), US oil inventories grew by 10.5 million barrels last week, marking the biggest jump in more than two and a half years. Official data from the US Energy Information Administration (EIA) is due later in the day. US Petroleum Institute: US oil inventories show…More

Gold prices rose on Wednesday as trade concerns returned

12:58 pm 2019-10-16

Gold prices rose slightly on Wednesday as growth concerns re-emerged and investor confidence in the chances of an EU-UK deal faded. Trade tensions between China and the United States have escalated again, with Beijing now wanting Washington to drop tariffs before agreeing to buy up to $ 50 billion of US farm produce under the partial trade deal the two sides reportedly agreed last week. China has vowed to take countermeasures against the United States.…More

Oil rises Chinese companies violate Iranian oil sanctions

10:23 am 2019-10-16

Oil prices rose marginally as investors awaited developments in trade relations between the United States and China, especially after China threatened retaliatory measures once the US Congress passed a law on Hong Kong. The US Energy Information Administration expected the production of major US shale oil producers will rise by 58 thousand barrels per day to 8.97 million barrels in November. Chinese companies violate Iranian oil sanctions About one third of the tanker fleet of China Ocean…More

Oil prices drop for a second day amid various news reports production

11:19 am 2019-10-15

Oil prices fell on Tuesday to extend their sharp losses from the previous session as weak trade data from China raised concerns about the outlook for energy demand. Barkindo: Oil demand jumps to 112 MB / day in 2040 OPEC Secretary-General Mohammed Barkindo said on Tuesday that global oil demand would likely rise to 112 million barrels per day in 2040. According to the latest OPEC monthly report, global…More

Gold prices stability is anticipated for US-China trade negotiations

10:23 am 2019-10-15

Gold prices stabilized below the $ 1,500 level, with the dollar stabilizing as investors awaited further news of trade relations between the world's two largest economies. The news is that the UK and the EU may be on the verge of exiting the Brexit deal Wall Street highest market, Dow 100 points Stock markets in the United States rose in pre-market trading on Tuesday after Washington and Beijing expressed optimism that a partial trade agreement would…More

Gold price rose under the China-US trade negotiations

09:58 am 2019-10-14

Gold rose but remains below the $ 1500 level, as demand for the safe haven metal eased as investors tracked progress in trade negotiations  Wall Street shares remained unchanged in pre-market trading on Monday after the United States and China reached a partial trade deal. Washington has told the World Trade Organization that it wants to try to negotiate a deal with the European Union instead of imposing tariffs on illegal subsidies to Airbus. US-based private equity firm…More

Crude oil prices fall ahead of Russia and Saudi Arabia talks on oil

08:42 am 2019-10-14

Crude oil prices traded with losses on Monday as Russian President Vladimir Putin arrived in Saudi Arabia for high-level talks with Riyadh officials where the global oil market will be one of the most important topics. During the visit, Russian Energy Minister Alexander Novak said that the two countries will sign a number of agreements, while his Saudi counterpart Prince Abdul Aziz bin Salman that the two countries will talk about OPEC production cuts…More

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