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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 falls after an IEA report on expectations of falling demand next year

12:13 pm 2017-11-14

Oil prices fell to a one-week low, oil futures tumbled Tuesday to a one-week low, following a report by the International Energy Agency (IEA) on reducing demand for oil in 2018. Impact negatively on oil prices globally. The surplus in world oil supply is expected to fall in the first quarter of next year by 0.6 million barrels per day, in addition to a 0.2 million bpd decline in the second quarter, the report said. Brent crude fell after the release of the report…More

Will we see further high oil prices next year?

09:01 am 2017-11-13

Will oil see further gains in the coming year? To answer these questions, we must consider the reasons for the rise in oil prices during the current year. The year 2017 reached the highest oil prices since July 2015. With Brent rising to $ 63.55 a barrel, recording gains of 70% this year since 2016. West Texas GAS rose to $ 57.80 a barrel, gaining 54% since mid-2015. The reasons for the rise in oil prices during the current year are for many reasons,…More

​Gold futures are up to a three week high due to geopolitical tensions

08:13 pm 2017-11-09

Gold futures are up to a three-week high due to geopolitical tensions and the weakness of the US dollar. Gold rose today from $ 1279 / troy to $ 1288 before the US session ended. The gains came after the US dollar fell on news that a major US draft of Donald Trump may be delayed until next year, which has disappointed US business owners, putting pressure on the US dollar and driving investors to buy gold as a haven. Gold rose by 0.33%,…More

Gold futures rallied on concerns that the Trump tax law would be postponed

07:44 pm 2017-11-08

Gold futures rose on Wednesday amid renewed concerns that Trump's tax law plan would be delayed until next year. Gold rose quickly after the news, rising from $ 1275 an ounce to $ 1287, hitting a three-week high, with a daily gain of 0.55% or adding $ 7 to today's gains. Silver also rose, with precious metals at the moment attractive, adding 19 cents to $ 17.13 per ounce, or 0.62 percent.More

Crude oil futures were slightly lower on Wednesday

06:30 pm 2017-11-08

Crude oil futures were slightly lower on Wednesday after data from the US Energy Information Administration showed a rise in US crude inventories this week. Where oil inventories rose by 2.2 million barrels, and analysts had forecast that inventories will fall by 2.7 million barrels this week. Oil futures were lower after the data, dropping from $ 63.70 to $ 62.80 a barrel, recording a loss of 0.77%. West Texas crude also fell 1.01% to $ 56.60, recording a loss of 0.50…More

Crude futures fall from its highest level in two and a half years

08:01 am 2017-11-08

Oil futures are falling on Wednesday, amid speculation that global demand for oil will drop and supply will rise at the beginning of next year as OPEC has announced its expectations for global oil demand, which is likely to fall as a result of global growth. It is worth mentioning that the OPEC member states have indicated that there are discussions with non-member countries on the extension of the agreement to cut production during the next year, and is supposed to end the agreement to cut production…More

Gold futures fall at the end of trading this week, affected by the stronger US dollar

08:07 pm 2017-11-03

Gold futures are down at the end of this week, affected by the rise of the US dollar, where gold futures fell during Friday's trading, to achieve a loss of 0.56% to reach levels of 1270 dollars per ounce. Silver futures also fell, affected by the precious metal's decline, with a sharp loss of 1.66% to reach $ 16.85. Similarly, copper futures declined, due to the announcement of an increase in copper stocks in China, to fall 0.55% to close at Levels of 6895 dollars.More

Oil futures are on the rise following the comments by the Saudi Oil Minister

05:54 pm 2017-11-02

Oil futures are on the rise following comments by Saudi Oil Minister Khaled al-Falih, where he said he went ahead with work to reduce global oil stocks and stabilizes the difference between global supply and medicine over oil next year. Brent crude was up 0.10% to trade at $ 60.60 a barrel in the middle of the session. WTI rose 0.20% to trade at $ 54.40 a barrel. The US Energy Information Administration (EIA) yesterday announced a drop in US oil inventories over the…More

Oil futures rise and Brent reaches its highest level in two years

07:17 pm 2017-10-31

Oil futures are trading higher on the US session, and Brent is breaching the $ 60 barrier. Oil futures gained strong gains in today's trading amid investors' optimism that the cut-off agreement will be extended by the end of next year. Where Brent recorded a gain of 0.50%, adding 30 cents to gain to reach 60.88 dollars a barrel, the highest level in two years, also rose West Texas by 0.48% to reach levels of 54.41 dollars a barrel. The US Energy Information Administration…More

Gold futures are falling and hitting their lowest levels in a month

02:46 pm 2017-10-27

Gold futures are falling and reaching their lowest level in a month, as they fell during yesterday's trading after the US dollar index rose on the back of the ECB's decision to reduce the central bank's purchase of bonds to 30 billion euros. The yellow metal yesterday recorded sharp drops to drop from 1282 dollars per ounce, closing at 1265 dollars, to complete the downward journey during the day to reach levels of 1263 dollars. Silver futures fell 0.27% to reach $ 16.76, affected…More

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