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Commodities news

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Commodities news

Crude oil futures fell on Thursday after a report showed US oil inventories rose

06:25 pm 2017-10-12

Crude oil futures fell on Thursday after a report showed US oil inventories rose unexpectedly last week and West Texas crude fell 72 cents to $ 50.58 a barrel. US crude oil inventories rose 3.097 million barrels at the end of last week, the US Petroleum Institute said. The US Energy Agency said yesterday it expects US crude oil production to rise in 2018 more than previously expected, and the agency raised its forecast for crude oil for both West Texas and Brent this…More

​Oil rises on Wednesday following comments by OPEC

08:18 pm 2017-10-11

Oil rises on Wednesday, following comments by OPEC, oil futures rose during trading today after the OPEC announced to raise its forecast for oil demand next year, due to strong growth of global consumption. OPEC's oil production rose to 32 million barrels per day in September, an increase of 88,000 barrels from the previous month. The organization said it expected crude oil demand to increase to 33.1 million bpd next year, an increase of 200,000 barrels Daily than previous forecasts. Brent crude was up…More

Gold turns to gains following Fed meeting results

08:00 pm 2017-10-11

Gold futures rebound after the US Federal Reserve meeting minutes today, gold futures today recovered from day lows of $ 1284 per ounce to reach $ 1293 before the US session closed. The gains came after the results of the US Federal Reserve meeting minutes, which showed a growing number of members who tend to wait before further rate hike at the next meeting in December. In anticipation of rising inflation in October and November, showing a…More

Oil and gold is witnessing sharp rises inflicted

07:29 pm 2017-10-10

Gold futures continue to rise for the second day in a row, reaching a two-week high, gold futures advanced Tuesday to reach $ 1294 per ounce, gaining 0.48%. The gains were due to investors' fear of rising geopolitical tensions between North Korea and the United States after North Korea said last weekend it had developed missiles that could reach the US coast. Silver futures were up $ 17.14, gaining 1% before the US session ended. More

Gold futures are up at the beginning of the week and oil gains

08:15 pm 2017-10-09

Gold futures are up on Monday after North Korea's comments last weekend that it had developed a missile system that could reach the coast of the United States. Gold rose today, gaining 0.94% to hit $ 1286 per ounce, the highest in 10 days, after opening at $ 1274. Futures for silver also rose 1.19% to 16.99 in an attempt to breach the psychological barrier at $ 17. Platinum futures were up 0.35% at $ 919.90. More

Oil falls despite falling US oil inventories

07:52 pm 2017-10-04

Oil Drops on Wednesday Despite US oil inventories falling, oil futures fell 1.11% to hit $ 49.86 a barrel, according to the US Energy Information Administration (EIA) announcement of a 6 million barrel drop in oil inventories last week. Analysts had expected oil inventories to fall by 1.5 million barrels, and the API estimates yesterday indicated a 4.1 million barrel drop in inventories. Brent crude fell 0.50% to reach $ 55.72 a barrel. OPEC member countries announced last week their concern about rising world…More

Gold futures bounce from two month lows

07:13 pm 2017-10-04

Gold futures bounce from two-month lows, ahead of Federal Reserve Chairman Janet Yellie, the precious metal rebounded during today's trading to $ 1274 per ounce, after reaching $ 1268 during yesterday's trading. Gold rose during the European session to reach $ 1282, but the pace of the decline, to record a day of trading by 0.20%, and these fluctuations came before the speech of Federal Reserve Chairman Janet Yellin and scheduled today at 7 pm GMT. On the other hand, silver traded in a…More

Gold at its lowest level in a month and a half

07:49 am 2017-10-03

Gold fell to a one-and-a-half-month low. Gold futures fell in the Asian trading session to a one-and-a-half-month low of $ 1268 per ounce, losing 0.24%. The decline was due to investors' reluctance to resort to the precious gold metal as risk appetite rose among investors after US indexes hit their highest levels ever, and the Nikkei rose to a two-year high since August 2015. Silver futures fell during the Asian trading session, dropping 0.29% to $ 16.60, hitting a two-month low since August 8,…More

Crude Oil rises at settlement and achieves 12% quarterly gains

08:25 pm 2017-09-29

The price of crude oil rose at Friday's settlement and succeeded in achieving quarterly gains of more than 12% in the third quarter of 2107, supporting the trend to extend the post-2018 production cut-off agreement and tensions in the Kurdistan region. By 7:30 pm GMT, the price of Brent crude was up 0.2% at $ 57.54 a barrel. Nymex crude futures rose 0.2% to $ 51.67 a barrel, up 2% weekly, and rose 9.4% in September, recording a gain…More

Gold gains quarterly gains despite falling in September

08:08 pm 2017-09-29

On Friday, gold fell to a monthly loss in September, with hints of a new interest rate hike before the end of 2017. Despite monthly losses, the yellow metal managed to make quarterly gains in support of geopolitical tensions. Gold futures fell 0.3% to $ 1284.8 an ounce, with a weekly loss of 0.7% and a drop of 2.8% over the September session, but gained 3.6% in the three-month period. By 7:02 pm GMT, EUR/USD was down 0.2% at $…More

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