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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 from 3 year high

01:47 pm 2018-01-05

Oil futures drop from their highest level in 3 years, affected by the popular unrest in Iran as well as the decline of US oil stocks yesterday, where Brent crude fell during the trading Friday, by 1.12% to reach levels of 67.31 dollars a barrel, US crude fell 1.10% to reach $ 61.33 a barrel. This comes amid traders' assessment of oversupply in the United States, especially after crude inventories fell to their lowest level in more than two years as oil production surged near its all-time high. More

Gold futures are retreating as the US dollar index rises

01:11 pm 2018-01-05

Gold futures are on the decline due to the rise in the US dollar index, where the US employment and unemployment data are expected to fall by 0.23% to reach $ 1,318 per ounce. Gold prices rose yesterday by 0.7% A daily gain over the last ten days, recording the highest level in four months 1326.01 an ounce, with renewed selling of the US currency against a basket of international currencies. The dollar index, which measures the performance of the greenback against a basket of major…More

Oil futures continue to rise and reach their highest levels since 2015

05:51 pm 2018-01-03

Oil futures continue to rise and reach their highest levels since 2015, as the current unrest inside Iran is negatively affecting investors and worries about supplies coming from Iran. Analysts have been told that prices are facing a downward correction expected to weaken the support received by prices from The unrest in Iran unless the situation begins to affect oil production, which has not happened so far, or the United States to impose sanctions on Tehran. Brent crude was up 1.58% at $ 67.61 a barrel. US…More

Oil prices rise at the end of European trade and US crude is recording sharp gains

02:28 pm 2018-01-03

Oil prices rose at the end of European trading. Crude oil was up sharply, with Brent crude gaining 0.62% to trade at $ 66.97. US crude rose 0.71% to trade at 60.81. Dollars per barrel. US crude oil ended yesterday's trading up by 0.4%, the third daily gain in a row, recording a two-and-a-half year high of 60.72 per barrel, and Brent contracts lost 0.2%, the first loss in three days, Earlier trading since mid-year high at $ 67.27 a barrel. Preliminary data on US…More

Gold prices fell for the first time since eight sessions

10:11 am 2018-01-03

The price of gold fell on Wednesday after eight sessions of the rise, as the dollar rose ahead of the minutes of the last meeting of the Federal Reserve, has recorded record levels in the past three weeks to complete the gains today and record highs in three months before starting to retreat from the highest levels of 1320 dollars Per ounce. The drop in gold levels may be a willingness to accept the Fed meeting minutes today, as well as the US jobs report this…More

Oil futures record gains and US crude at 60

10:15 am 2017-12-29

Oil futures contract higher, and US crude at $ 60, oil prices rose during Asian trading on Friday, where Brent crude rose by 0.30% to reach levels of 66.36 dollars per barrel, achieving the highest level since 21 June US crude rose 0.37% to trade at $ 60 a barrel, achieving a two-and-a-half year high. Since the beginning of the year, Brent crude has risen 17% and 12% respectively. The gains came after data showed US crude inventories fell more-than-expected in the weekly reading. The Energy Information…More

Gold continues to rise in a way to record the best annual performance since 2010

09:40 am 2017-12-29

Gold futures are trading higher in Asian trade, hitting their highest level since Nov. 28, as the precious metal rose during the Asian session to reach $ 1296 per ounce, gaining 0.12% in a way to record the best annual performance since 2010, Rising after the US dollar index continued to fall, dropping more than 9% this year and heading towards its biggest annual loss since 2003. Gold helped to climb more than 5 percent from a five-year low of $ 1235.92 in mid-December, and this week…More

Gold continues to rise and reaches its highest level in a month

05:36 pm 2017-12-28

Gold futures continue to rise to reach their highest level in a month since December 1, as gold rose during the US trade to reach levels of 1295 dollars per ounce, after opening during trading in Asian trading at 1286 dollars, marking a rise for the day on 12 The gains came after the US dollar index, which measures the performance of the dollar against its basket of other currencies, fell to its lowest level in a month. Following US President Donald Trump's endorsement last Friday of…More

Oil futures are down but remain near their highest levels in two and a half years

04:44 pm 2017-12-28

Oil futures are trading lower on Tuesday but remain close to a two-and-a-half year high, with US stocks forecasting to be released from the Energy Information Administration. Brent crude fell 0.11% to trade at $ 65.91 a barrel. In the middle of the US session, US crude was also down 0.13% at $ 59.56 in quiet trading as investors awaited the official reading of US stocks. US Petroleum Institute published its own weekly inventories, which showed a drop of 6.0 million barrels of crude oil, and investors are still…More

Oil fall after rising during yesterdays trading to the highest level in two and a half

01:00 pm 2017-12-27

Oil futures fell after rising yesterday to a two-and-a-half-year high. Oil fell in early Asian trading on Wednesday as Brent crude fell 1.32% to $ 65.58 a barrel. US crude was down 0.83% To $ 59.48 per barrel. After the oil futures contracts yesterday sharply increased, after the announcement of the explosion of a pipeline in Libya yesterday. Where the reports that the explosion that hit the most important warehouse of Libyan crude oil may result in the loss of Libyan production of about 90 thousand barrels per day,…More

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