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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 rises after Baker Hughes data

09:34 am 2017-08-21

Crude oil prices rose sharply by the end of last week as data from the US industry showed that the number of US drilling platforms dropped during the week.    The total number of US drilling platforms dropped by 3 platforms to 946, after last week's drop by 5 drill pads, according to the latest weekly poll by Baker Hughes.    The price of WTI rose 1.42 dollars, or 3 percent, to close at 48.51 dollars a barrel at the end of last week. Brent…More

Zinc skips 3,000 Dollar for the first time in 10 years

02:39 pm 2017-08-18

Zinc managed to make a significant gain this week, surpassing the $ 3,000 level for the first time in 10 years after London's metal stockpile slumped to its lowest level since 2008. Zinc rose 1.8% to reach $ 3062 per metric ton. However, Zinc managed to make a significant gain this week by 4.9%, so that this year's gains will be around 21%.More

The bond market is rebounding amid selling waves

01:35 pm 2017-08-18

Investors dumped stocks, took refuge in German and US bonds and safe haven of commodities and currencies. Global stocks continued to fall for a third consecutive day, causing heavy losses on stock markets, sparking investor fears.    Investors had instead fled to German Treasuries and the US Treasury and bought gold for a third consecutive day as the buy-in for these financial products increased as a result of the deadly attack that killed at least 13 people in Barcelona yesterday.    Markets were alarmed by US President…More

Gold rises to a 9-month high

11:58 am 2017-08-18

Gold rose to a 9-month high of $ 1297 an ounce, up 0.65% in European trading, supported by the terrorist attacks in Barcelona, ​​Spain, as well as tensions in the White House over US economic aides. Donald Trump, and news of resignations at the White House. US stocks fell sharply on Thursday, with the S & P 500 posting its biggest daily drop in three months as growing concerns over Trump's ability to meet its economic promises. Silver also hit a big high in European…More

Oil continues to decline amid fears of an increase in the supply

01:19 pm 2017-08-17

Crude oil continued to decline in Thursday's trading, amid doubts that OPEC could limit production in line with a production cut-off plan agreed by FAO members and outside the Organization. Brent crude fell 0.34% to reach $ 50.12 a barrel, its lowest price in a month. Light oil fell 0.36% to hit 46.60, down 10 cents a barrel.    These declines are due to the rise in global production rather than the decline this summer, leading to an oversupply of global supply that may continue in…More

Gold recovers Brega as safe haven

12:51 pm 2017-08-17

Gold posted gains in Thursday's trading to reach $ 1290 an ounce, rising 0.65%, after falling to 1267 levels due to higher investor risk appetite as political tensions between the United States and North Korea eased. Gold luster as a safe haven for investors. But the precious metal soon rebounded after President Donald Trump announced the dismantling of two major business advisory boards, raising investors' concerns about the uncertain future outlook for the economy, to see gold at 1290, hitting a four-session high. Analysts expect…More

Brent rises above 50 dollar as US stocks fall

09:10 am 2017-08-17

Oil prices managed to offset the losses of the previous session on Thursday after Brent crude futures rose 0.3% from the previous close to $ 50.44 a barrel. US crude futures in the WTI rose 6 cents, or 0.1 percent, to $ 46.84 a barrel. The slight gain comes after a drop of more than 1% in the previous session. The market is moving within the range of a guest supported by the decline in crude oil inventories while suffering from…More

"China National Petroleum": China's energy demand will peak in 2040

09:52 am 2017-08-16

China's National Petroleum Corporation (CNPC) said it expects China's energy consumption to reach its peak in 2040 at 4.06 tons of oil equivalent. China's demand is expected to reach 690 million tons per year, at its highest level in 2030, compared with last year's estimate of 670 million tons per year in 2027, the Chinese Petroleum Corporation predicted. Last year, the report had forecast peak demand in 2035 at 3.75 billion tonnes of oil equivalent.More

Oil Stabilizes Waiting for US Stocks

09:20 am 2017-08-16

Crude oil futures held steady in today's Asian trading session, affected by early losses ahead of US inventory data due today, which measures the change in the total number of barrels of crude oil stocks of commercial companies during the past week, which is expected to rise, due to increase As well as an increase in the number of diggers that have entered the last two weeks of work.    Brent crude was up 0.77% at 51.19, and crude oil rose 0.61% to 47.86. The dollar's rise helped oil…More

Oil and gold futures are falling due to high risk appetite

01:36 pm 2017-08-15

Crude futures continued to fall in Tuesday's trading, leading to huge losses from the previous session, amid doubts about whether OPEC could rebalance the world oil markets again.   Traders are expected today to announce US weekly oil inventories data for evidence of domestic production and domestic consumption by the US Petroleum Institute.   West Texas crude oil fell 30 cents to $ 47.29 a barrel, unable to hold above $ 50 levels, which had breached briefly earlier this month.   Gold loses Brega as a safe…More

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