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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

Oil price rises as US inventories and trade optimism fall

08:47 am 2019-06-19

Oil continued to rise on Wednesday after rising almost 4% in the previous session on new hopes that the United States and China would reach a trade agreement and end the ongoing conflict between them.  US President Donald Trump said the two countries would resume trade negotiations today and said he would meet his Chinese counterpart Xi Jinping at the upcoming G-20 summit in Osaka. Crude oil prices also boosted the decline in US oil inventories after…More

Oil fell, with Brent crude falling below 61 dollar a barrel

11:26 am 2019-06-18

Oil prices fell on Tuesday as Brent crude futures fell below $ 61 a barrel as fears of a global economic slowdown amid the US-China trade dispute have affected investment incentives. The losses were offset to some extent by tensions in the Middle East after the attack on two tankers in the Gulf of Oman. The United States had earlier accused Iran of being responsible for the incident and indicated it would deploy an additional 1,000…More

Precious metals are jumping ahead of comments by ECB President Draghi

08:14 am 2019-06-18

As investors waited on Tuesday for a speech by ECB President Mario Draghi at the conference in Sintra, Portugal, stocks were little changed but precious metals rebounded. Gold was near a 14-month high in parallel to a jump in sovereign bonds issued by Germany and the US, which showed risk aversion amid pessimistic economic outlook. The EUR rose slightly. The markets were preparing for monetary policy decisions this week and macroeconomic reports from the US…More

Oil falls due Iraqi minister describes market as weak

11:28 am 2019-06-17

Oil prices fell on Monday as Iraqi Oil Minister Thamer Ghadhban described the world oil market as "fragile" and said his country was "confident" the United States would give Iraq a 90-day concession on Iran's oil sanctions. Meanwhile, Saudi Energy Minister Khalid al-Faleh said oil shipping routes should remain open globally because he sees demand for oil to rise sharply this year. Al-Falih added that Saudi Arabia will continue to reduce production to balance the market. Minister of Energy,…More

Precious metal is retreating as investors await the Fed meeting

08:49 am 2019-06-17

The precious metals trade fell as investors awaited the Federal Reserve meeting this week, despite the prospect of a reduction in interest rates, while more clarity is expected about the future of US-China trade relations. US markets are high in pre-market trading Wall Street was up in the pre-market market as investors waited patiently for the Federal Reserve's interest rate decision to be released on Wednesday. Interest rate cuts at…More

Oil fell after the agency's forecast of rising supplies in 2020

09:34 am 2019-06-14

Crude oil prices traded slightly in the red zone on Friday, as investors took up the latest monthly report of the International Energy Agency (IEA), which stated that the global supply of oil will exceed global demand significantly in 2020. At the same time, the market observers treated the Organization of Petroleum Export Organization. The monthly report of the Organization of the Petroleum Exporting Countries (OPEC), which lowered expectations of global demand for oil this year.…More

Precious metals and gold are up 1 percent because of geopolitical tensions

08:40 am 2019-06-14

Precious metals traded in the Green Zone on Friday with gold adding 1% to European trade as investors worried about rising geopolitical tensions. Market observers turned to safe assets such as the yellow metal in the wake of the attack on two carriers in the Gulf of Oman, especially after the United States accused Iran of being behind the attacks, which Tehran categorically denied. At the same time, trading continued in anticipation of the US interest rate decision.More

Precious metals price rise with high geopolitical risk

12:37 pm 2019-06-13

Gold and silver rose on Thursday as investors continued to expect the Federal Reserve to cut interest rates in September for the first time since late 2008. After rising bets in a recession in the US and Eurozone economies Wall Street is trading in the green market Markets in the US continued trading in the Green Zone on Thursday during the pre-market period as investors followed the latest trade news between Washington and Beijing. Earlier, US…More

Oil rose to offset some losses after falling 4 percent yesterday

07:56 am 2019-06-13

 Crude oil prices reversed some of the losses on Thursday, trading in the green zone after falling 4% during the previous session on the back of the reported rise in US crude inventories. Investment incentives in the oil market fell sharply on Wednesday after the US Energy Information Administration (EIA) said its country's oil stockpiles rose unexpectedly by 2.2 million barrels last week. However, market watchers have regained some confidence in the oil market amid hopes that…More

Gold prices rebound as trade tensions weaken risk appetite

12:04 pm 2019-06-12

Gold prices rebounded from their one-week low on Wednesday as trade tensions between the United States and China rose and growth fears surfaced. After US President Donald Trump said he was suspending a trade deal with China and had no interest in moving forward unless Beijing agreed to four or five "key points" he did not specify. US Secretary of Commerce Wilber Ross said the G20 is not a place where anyone has a final agreement. Elsewhere, China's…More

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