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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 start trading on the week high

02:48 pm 2017-12-18

Crude oil futures edged higher Monday, rising for a third session in a row after US drilling and drilling platforms fell for the first time since November, with Brent crude rising 0.28% to 63,40. (Brent) was trading in the Asian session at $ 62.75, rising to 63:40. WTI also rose 0.45% to reach $ 57.59. Per barrel.   The gains are in line with signs of slower growth in US crude production, as well as the continued closure of the North Sea pipeline in the UK, which is…More

Oil futures are compensating for their losses making some profits for a second day in a row

02:07 pm 2017-12-15

Oil futures offset their losses and achieved some profits for the second consecutive day. Brent crude settled around $ 63 per barrel on Friday, gaining 0.40% in the day. To reach $ 57.26 per barrel, achieving daily gains of 0.35%, following the decline in Brent crude yesterday to start at $ 61.60 a barrel, the lowest level in a week of trading, but soon The pair rebounded to reach $ 63.00, ending the trading session Yesterday at levels of 63.05 dollars. The rise followed a drop…More

Gold futures rise for the second consecutive day

01:43 pm 2017-12-15

Gold futures rose for a second straight day on their way to the first weekly closing after 3 weeks of losses as gold futures rallied for a second straight day after the US dollar index fell as a result of the Federal Reserve's Wednesday, as gold rose to $ 1260 per ounce, reaching its highest level in a week, gaining daily gains of 0.44%. The gains came after the US tax cut project was threatened with cancellation, as well as the announcement by European Central Bank…More

Oil futures are compensating for morning losses to rebound during US trade

06:32 pm 2017-12-14

Oil futures offset their morning losses and rebounded during the US session. Brent crude fell early on Thursday, dropping from opening levels of $ 62.30 to $ 61.58, but quickly offset losses in European trading. To close at $ 62.73, to settle in the US session at the opening levels again, recording a slight gain of 0.53%, while for WTI, it also witnessed a rise of 0.32% at 56.77 dollars, Adding 0.18 cents on Thursday.  The US Energy Information Administration announced yesterday that crude inventories in the United…More

Gold futures record high during Asian trade

07:50 am 2017-12-14

Gold futures are up for a second straight day, after the US dollar index fell, as the US Federal Reserve raised interest rates by 25 basis points yesterday. Yesterday, gold closed at $ 1256 an ounce, reaching its highest level in 5 days, after Yesterday opened at $ 1243 levels, continuing to rise in Asian trading, gaining 0.88%, reaching 1258 levels at the end of Asian trading. The gains came after the Federal Reserve raised interest rates as expected, however, the Fed kept its previous expectations…More

Gold prices rise after US inflation data

03:40 pm 2017-12-13

Gold prices rose on Wednesday morning as weak US inflation data led to speculation that the Federal Reserve will raise interest rates early next year. The rate hike is due this afternoon at the last meeting of 2017, but the Reserve Bank Federal Reserve to a wait-and-see approach for 2018, and the Federal Reserve's interest rate decision will be announced at 2 pm EDT at a press conference by outgoing Federal Reserve Chairman Janet Yellen. Gold futures witnessed high volatility during the day, as prices opened at…More

Crude oil rose Wednesday ahead of the US inventory report

02:52 pm 2017-12-13

Crude oil futures rose on Wednesday ahead of the US government's official stockpile report, with an industry survey yesterday showing US stocks fell much more than expected last week. The US Petroleum Institute reported a sharp drop of 7.382 million barrels of crude oil inventories in the United States during the week ending December 8. At the same time, OPEC said global demand for oil will grow by 1.53 million barrels per day in 2018, OPEC's total production rose by 133,000 bpd to 32.45 million bpd in…More

Gold futures settle down and eyes are directed towards the US Federal

11:46 am 2017-12-12

Gold futures are stabilizing in the middle of European trading at 1244 $ an ounce, and attention is directed towards the US Federal Reserve. Gold futures closed yesterday at a 5-month low of $ 1240, although the US dollar index dropped to 93, 84. The declines were due to investors' anticipation of the Federal Reserve's decision to raise interest rates, which will be held in two days on Tuesday and Wednesday, with expectations that the Federal Reserve will raise interest rates by 25 basis points and policymakers…More

Brent crude exceeds 65 a barrel for the first time since 2015

10:58 am 2017-12-12

Brent crude is above $ 65 a barrel for the first time since 2015, following the shutdown of the North Sea pipeline in the UK due to technical failure, leading to a drop in global production. The North Sea pipeline has a production capacity of 450,000 barrels per day. Brent crude rose after breaking the $ 64 barrier to settle at $ 65.25 a barrel, its highest level since mid-2015, with daily gains of 1.5% or 94 cents. West Texas crude rose 30 cents…More

Oil futures rebound and Brent gains 1 percent

03:30 pm 2017-12-11

Oil futures rose in early trading, oil futures rose at the start of trading in the US, after falling in European trade, on fears that the rise in US production would undermine the efforts of OPEC and other oil exporters to support the market by reducing excess supplies, After US drilling platforms rose to their highest level since September. Brent crude futures were down 0.13% at $ 63.30 a barrel, while West Texas crude fell 0.42% to $ 57.14 a barrel. …More

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