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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 futures record gains and US crude at 60

10:15 am 2017-12-29

Oil futures contract higher, and US crude at $ 60, oil prices rose during Asian trading on Friday, where Brent crude rose by 0.30% to reach levels of 66.36 dollars per barrel, achieving the highest level since 21 June US crude rose 0.37% to trade at $ 60 a barrel, achieving a two-and-a-half year high. Since the beginning of the year, Brent crude has risen 17% and 12% respectively. The gains came after data showed US crude inventories fell more-than-expected in the weekly reading. The Energy Information…More

Gold continues to rise in a way to record the best annual performance since 2010

09:40 am 2017-12-29

Gold futures are trading higher in Asian trade, hitting their highest level since Nov. 28, as the precious metal rose during the Asian session to reach $ 1296 per ounce, gaining 0.12% in a way to record the best annual performance since 2010, Rising after the US dollar index continued to fall, dropping more than 9% this year and heading towards its biggest annual loss since 2003. Gold helped to climb more than 5 percent from a five-year low of $ 1235.92 in mid-December, and this week…More

Gold continues to rise and reaches its highest level in a month

05:36 pm 2017-12-28

Gold futures continue to rise to reach their highest level in a month since December 1, as gold rose during the US trade to reach levels of 1295 dollars per ounce, after opening during trading in Asian trading at 1286 dollars, marking a rise for the day on 12 The gains came after the US dollar index, which measures the performance of the dollar against its basket of other currencies, fell to its lowest level in a month. Following US President Donald Trump's endorsement last Friday of…More

Oil futures are down but remain near their highest levels in two and a half years

04:44 pm 2017-12-28

Oil futures are trading lower on Tuesday but remain close to a two-and-a-half year high, with US stocks forecasting to be released from the Energy Information Administration. Brent crude fell 0.11% to trade at $ 65.91 a barrel. In the middle of the US session, US crude was also down 0.13% at $ 59.56 in quiet trading as investors awaited the official reading of US stocks. US Petroleum Institute published its own weekly inventories, which showed a drop of 6.0 million barrels of crude oil, and investors are still…More

Oil fall after rising during yesterdays trading to the highest level in two and a half

01:00 pm 2017-12-27

Oil futures fell after rising yesterday to a two-and-a-half-year high. Oil fell in early Asian trading on Wednesday as Brent crude fell 1.32% to $ 65.58 a barrel. US crude was down 0.83% To $ 59.48 per barrel. After the oil futures contracts yesterday sharply increased, after the announcement of the explosion of a pipeline in Libya yesterday. Where the reports that the explosion that hit the most important warehouse of Libyan crude oil may result in the loss of Libyan production of about 90 thousand barrels per day,…More

Gold up to the highest level in a month and copper close to 2014 levels

12:04 pm 2017-12-27

Gold futures reached their highest level in a month at $ 1285 per ounce, following the decline of the dollar index. Gold recorded gains for the second day in a row to reach $ 1290 in mid-European trading, gaining 0.25 To reach its highest level since Nov. 30, and the precious metal was supported by political tensions over North Korea's nuclear and missile programs and the dollar's slide against major currencies. Last week, gold was the second weekly gain in a row, with prices up 1.5%, after…More

Brent jumps to the highest level in two and a half ago after news of a pipeline explosion in Libya

06:32 pm 2017-12-26

The rise of oil futures contracts after the explosion of a pipeline inside Libya, where the announcement of the explosion of one of the Libyan oil pipelines belonging to the company, which preferred between the basin of Mourad and the port of Sidra oil, sources said the explosion occurred 30 kilometers north-west of Mourada, , Knowing that so far no official announcement of the reasons for the bombing or its motives. It is worth mentioning that this explosion, which hit the most important warehouse of Libyan crude oil may…More

Oil recorded marginal declines in the first trading week

11:31 am 2017-12-26

Oil futures recorded marginal declines in early European trade Tuesday, with oil prices starting to record declines in the first trading day as the markets were closed yesterday for Christmas holidays, Brent crude fell 0.03% to trade at levels of 64.67 dollars a barrel, after That ended last week at highs, rising to hit the highest level since December 12 around $ 64.73 per barrel. To settle near its highest level in nearly two and a half years at levels of 65.30 dollars, also fell US crude on Tuesday,…More

Gold futures continue to rise up to the highest level in two weeks

12:38 pm 2017-12-22

Gold futures continue to rise to a two-week high. The yellow metal opened Friday at $ 1265 during Asian trade, continuing to reach $ 1269 in mid-European trading, gaining 1.60 points. The gains came after the decline in the US dollar index, which measures the performance of the dollar against a basket of currencies. Where the dollar index is trading near a three-week low of 92.74 points, reflecting the continued weak performance of the US currency against a basket of global currencies, which is in favor of…More

Oil futures are down on news of higher US crude production

12:09 pm 2017-12-22

Oil futures are down on news of a rise in US crude output and a return to the North Sea pipeline in the UK. Brent crude opened at $ 64.07 a barrel in Asian trading today, with marginal gains reaching $ 64.46. To close at $ 64.15, or 0.33%. US crude fell 0.41% to trade at midday at $ 58.12 a barrel. US crude oil finished 0.3% higher in the third daily gain, with Brent rising 0.4%, and the highest closing level in two and a half…More

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