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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

Decline in the initial estimates of US oil inventories

09:53 pm 2017-08-22

US oil inventories fell by 3.59 million barrels during the third week of August, while the previous reading came at 9.2 million barrels, with the US Petroleum Institute announcing local crude oil stocks for nearly an hour. The report pointed to declines in recent weeks, preliminary estimates, and official data for US stocks, will be announced tomorrow by the Energy Information Administration. It is worth mentioning that the American Petroleum Institute is the largest association of oil and natural gas trade in the United States,…More

Gold falls amid a significant appreciation of the dollar

06:50 pm 2017-08-22

The price of gold fell in Tuesday's trading as the yellow metal futures contract for December delivery fell 0.4% to $ 1291 an ounce, its lowest close since Wednesday. The decline in gold, amid a significant appreciation of the dollar against most of the major currencies, and the recovery of US stock markets, to compensate for the losses suffered during the week. The dollar index, which measures a performance against a basket of major currencies, rose 0.5% to 93.4…More

Oil rises as investors eye US stocks

10:12 am 2017-08-22

Oil futures rose on Tuesday after rebounding from sharp sell-offs earlier in the week as investors looked for US supply data, which is expected to confirm a drop in supply this week. London Brent crude futures rose 0.27% to $ 52.00 a barrel, while US crude oil futures rose 0.65% to $ 47.70 a barrel. The increase was due to the absence of news from a meeting of members of the Organization of Petroleum Exporting Countries (OPEC) And non-member producers on a commitment to cut outputMore

Gold keeps gaining in the first trading week

08:04 pm 2017-08-21

Gold futures rose in quiet trading on Monday, despite the stability of stocks after the recent wave of losses.    This week, traders are looking forward to comments from Federal Reserve Chairman Janet Yellin at the Federal Reserve's Economic Policy Forum in Jackson Hole on Friday. Traders will be watching for evidence on the future of monetary policy, especially on the decision to raise rates on Short-term.    On the European level, the German economy is expected to continue to…More

Gold clings to gains weekly and oil waiting for the OPEC meeting in Vienna

12:40 pm 2017-08-21

Gold clings to weekly gains In an attempt to break through the psychological barrier of $ 1300 an ounce, the yellow metal futures contract rose at the beginning of the week, climbing 0.14% to $ 1293 after hitting a 9-month high. Background Global geopolitical tensions. Silver futures rallied at the beginning of the week, rising 0.32% to $ 17, weighed down by a rally in gold over the past two weeks, after US stocks posted a series of losses over the past week. …More

Oil rises after Baker Hughes data

09:34 am 2017-08-21

Crude oil prices rose sharply by the end of last week as data from the US industry showed that the number of US drilling platforms dropped during the week.    The total number of US drilling platforms dropped by 3 platforms to 946, after last week's drop by 5 drill pads, according to the latest weekly poll by Baker Hughes.    The price of WTI rose 1.42 dollars, or 3 percent, to close at 48.51 dollars a barrel at the end of last week. Brent…More

Zinc skips 3,000 Dollar for the first time in 10 years

02:39 pm 2017-08-18

Zinc managed to make a significant gain this week, surpassing the $ 3,000 level for the first time in 10 years after London's metal stockpile slumped to its lowest level since 2008. Zinc rose 1.8% to reach $ 3062 per metric ton. However, Zinc managed to make a significant gain this week by 4.9%, so that this year's gains will be around 21%.More

The bond market is rebounding amid selling waves

01:35 pm 2017-08-18

Investors dumped stocks, took refuge in German and US bonds and safe haven of commodities and currencies. Global stocks continued to fall for a third consecutive day, causing heavy losses on stock markets, sparking investor fears.    Investors had instead fled to German Treasuries and the US Treasury and bought gold for a third consecutive day as the buy-in for these financial products increased as a result of the deadly attack that killed at least 13 people in Barcelona yesterday.    Markets were alarmed by US President…More

Gold rises to a 9-month high

11:58 am 2017-08-18

Gold rose to a 9-month high of $ 1297 an ounce, up 0.65% in European trading, supported by the terrorist attacks in Barcelona, ​​Spain, as well as tensions in the White House over US economic aides. Donald Trump, and news of resignations at the White House. US stocks fell sharply on Thursday, with the S & P 500 posting its biggest daily drop in three months as growing concerns over Trump's ability to meet its economic promises. Silver also hit a big high in European…More

Oil continues to decline amid fears of an increase in the supply

01:19 pm 2017-08-17

Crude oil continued to decline in Thursday's trading, amid doubts that OPEC could limit production in line with a production cut-off plan agreed by FAO members and outside the Organization. Brent crude fell 0.34% to reach $ 50.12 a barrel, its lowest price in a month. Light oil fell 0.36% to hit 46.60, down 10 cents a barrel.    These declines are due to the rise in global production rather than the decline this summer, leading to an oversupply of global supply that may continue in…More

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