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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 prices rise after the IMF forecasts the growth of the world economy in 2018

01:02 pm 2018-01-23

Brent crude was up 0.45% at $ 69.34 a barrel. US crude was up 0.42% at $ 63.84 a barrel. US crude traded today at 63.91, recording a high of 64.02 and a low of $ 63.73. Brent crude opened at 69.30 and hit a high of 69.50 and a low of $ 69.17. Brent crude ended 0.7% higher yesterday, and the Brent rose 0.9% in the first gain in three days, recovering from a one-week low and supporting lower drilling activities in the United States. Oil…More

Oil recovers losses after Saudi Oil Ministers comments

05:24 pm 2018-01-22

Oil futures are trading higher in the US after Saudi Arabia announced continued oil co-operation in 2018 with Brent crude gaining 0.85% to reach $ 69.20 a barrel. US crude also rose Monday, By 0.85% to reach $ 63.84 after oil prices approached the lowest level in two weeks on expectations of an early termination of the global production cut if market balance is achieved in the first half of this year. US crude fell 0.4% on Friday, the second daily loss in a row, the lowest…More

Gold hits a weekly high after the US government shutdown

04:54 pm 2018-01-22

Gold futures are higher in early US trade as the dollar index fell after the US government's closing. Gold futures rose Monday to record a gain of 0.05% to reach $ 1333 an ounce. Gold opened Monday $ 1332 levels and the lowest level at $ 1328. Gold ended last Friday at 1331 dollars, closing last week higher after opening the week at 1317 dollars per ounce. The gains came during the day after the dollar index fell 0.22% to record 90.29, not far from the lowest level in three Years…More

Gold rose in European trade on concerns of a US government shutdown

10:42 am 2018-01-19

Gold rose during European trade on weak dollar and concerns about a possible government shutdown as gold futures rose 0.70% to $ 1336 per ounce, approaching a four-month high earlier in the week. , And gold prices ended Thursday's trading stable without any significant change, after recording earlier trading level of transactions this week at 1324 oz. The dollar fell more than 0.3%, extending losses for the second day in a row, approaching the three-year low of 89.98 points, reflecting the continued selling of the greenback against…More

OPEC expects higher output and lower demand for oil in its monthly report

02:42 pm 2018-01-18

Oil bounced back ahead of the opening of US markets after the release of the OPEC monthly report. Brent crude futures were down 0.49% to $ 69.09 a barrel. After the release of OPEC's monthly report, as the Organization strengthened its forecasts for the growth of oil production from outside this year, as well as reduced its expectations for demand for its oil. In its monthly report issued today, it indicated that non-OPEC supplies are expected to rise by 1.2 million barrels per day this year, up…More

Gold regains its gains amid the dollars decline during the European trade

11:42 am 2018-01-18

Gold prices rose during European trade, after the dollar index fell again, where gold futures rose during Thursday's trading, gaining 0.05% to reach levels of 1331 dollars an ounce, trading near the highest level in 4 months, and comes The dollar index, which measures the performance of the greenback against a basket of major currencies, fell 0.28% to 90.7. The weakness of the dollar makes gold more attractive as an investment because commodities are denominated in US currency. In the previous session, gold fell 0.8 percent, posting…More

Oil falls and a low profile on the Energy Information Administration data on US inventories

11:17 am 2018-01-18

Oil futures are falling during European trade on Thursday, and the outlook for OPEC's monthly report, which is expected to show an unexpected increase in production, where Brent crude fell during European trade by 0.07% to reach levels of 69.34 dollars per barrel, US crude fell 0.03% to reach $ 63.95 per barrel. It opened at 64.09 and recorded a high of 64.32 and a low of 63.83. Brent crude opened at 69.42 and recorded a high of 69.61. $ 69.09 level. The Brent contracts rose 0.2%,…More

Oil compensates losses during US trading

08:20 pm 2018-01-17

Oil continues to fall during US trade but compensates some of its losses Oil futures continued to decline for the second straight day on Wednesday as Brent crude fell during European trade but soon rebounded to offset some of its losses, 27% to reach $ 69.34 per barrel, while US crude rose 0.33% to reach $ 63.95 per barrel. US crude oil lost 1.4% in the first loss in seven days on correction and profit taking after hitting a three-year high of 64.87 the previous day. Brent also…More

Oil falls for a second day in a row, and eyes on OPECs monthly report

10:49 am 2018-01-17

Oil fell for a second day in a row, and attention to the monthly report of OPEC, where oil futures fell during mid-European trade on Wednesday, where Brent crude fell by 0.85% to reach levels of 68.58 dollars per barrel, To reach $ 63.36 a barrel, the highest level at $ 63.94 a barrel, while today's session opened at $ 63.89 a barrel, recording a low of $ 63.58 a barrel. The US Energy Information Administration (EIA), which is expected to show a drop in oil inventories…More

Gold futures continue to decline for the second day in a row as the US dollar rises

10:32 am 2018-01-17

Gold futures continue to decline for the second day in a row as the US dollar rose. Gold futures fell during Asian and mid-European trade to reach $ 1,336, or 0.06%, after hitting a low of $ 1337.76 an ounce. Opened today's session at $ 1338.49 an ounce reaching as high as $ 1343.96 an ounce. The declines came on the back of a rise in the dollar index, which measures the US currency against a basket of currencies, from its lowest level in more than three years.…More

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