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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

Crude Oil gains new gains thanks to improved demand outlook

08:06 am 2017-09-15

Crude oil has achieved significant weekly gains, despite its falling price, as hurricane damage was accelerated in the United States and prospects for demand improved. US WTI fell to $ 49.72 a barrel, down 0.4%, and Brent crude futures fell 23 cents, or 0.4%, to $ 55.24 a barrel. While US crude rose this week, supported by the resumption of refinery operations after Hurricane Harvey, by 5%, while Brent rose by 2.7%, making its third weekly gain in a…More

Gold fell to a two week low to close at 1320

08:43 pm 2017-09-13

Gold fell to a two-week low to close at $ 1320 on Wednesday. Gold futures fell in today's trading to a two-week low amid rising investor risk appetite and reluctance to buy the precious metal as a safe haven. Gold ended last week at its highest level in a year to reach $ 1357 per ounce, gaining 21% this year. Gold futures have seen these gains on the back of rising geopolitical tensions after North Korea carried out many nuclear missile tests, in…More

world oil supplies fell in August for the first time in four months

03:52 pm 2017-09-13

Crude oil prices rose on Wednesday after the International Energy Agency (IEA) said world oil supplies fell in August for the first time in four months. The International Energy Agency (IEA) said on Wednesday that interruptions caused by Hurricane Harvey, dwindling OPEC production and seasonal maintenance caused production to fall by 720,000 bpd last month from July to 97.7 million bpd. Meanwhile, the US Energy Information Administration (EIA) announced that US oil inventories rose higher than expected, with inventories at 5.9 million barrels, while analysts…More

Gold futures continue to decline for the second day in a row

12:39 pm 2017-09-12

Gold futures fall in Tuesday trading Gold futures continued to decline for the second day in a row after investors' risk appetite rose. The precious metal fell 0.45% to reach $ 1329 per ounce, after hitting a high of $ 1357 last week. The declines came as geopolitical tensions from North Korea cooled, as did US stock markets, as Hurricane Irma fell less than expected, spurring investors' risk appetite. Silver futures fell 0.21% to $ 17.86, while platinum lost 1.09% to…More

Oil futures settled in Asian trading after yesterdays gains

09:01 am 2017-09-12

Oil futures stabilized in Asian trading, after yesterday's rise of 1.2%. Oil prices were little changed during the Asian session. Brent crude settled at $ 53.57 and West Texas crude settled at $ 48 a barrel. Oil futures rose during yesterday's trading, with Western Texas crude gaining 1.2% to close at $ 48.5 a barrel. The rise comes as Hurricane Irma, which hits the US coasts, and Saudi Arabia's announcement by Energy Minister Khaled al-Faleh, have said the kingdom is open to more proposals…More

Gold continues to rise at its highest level in a year

07:43 pm 2017-09-07

Gold prices continued to surge Thursday despite hawkish rhetoric from a Federal Reserve official. Still, gold hit fresh yearly highs due to a weak dollar and mounting geopolitical tensions. Dec. gold gained $11.30, or 0.8%, to settle at $1,350.30/oz, the highest in just over a year. With Hurricane Harvey hurting Houston, initial jobless claims jumped to 298,000, an increase of 62,000 from the previous week's unrevised level of 236,000. Economists had expected jobless claims to rise to 241,000.More

Crude Oil lower after US inventory data

07:31 pm 2017-09-07

Crude oil futures inched lower Thursday but held above $49 a barrel after government data confirmed a large build in U.S. oil inventories. Data from the U.S. Energy Information Administration Thursday showed that domestic crude supplies climbed by 4.6 million barrels for the week ended Sept. 1. That's in line with industry data from the American Petroleum Institute. Stockpiles rose due a decline in demand from refineries damaged by Hurricane Harvey. Oct. WTI oil was down 7 cents,…More

Gold fell to 1331 after hitting its highest level in a year

08:00 pm 2017-09-06

Gold futures are down on Wednesday, after hitting their highest level in a year, gold futures fell in today's trading, after hitting their highest level since September 2016, on the back of rising geopolitical tensions from the Korean peninsula. Gold was trading at $ 1344 per ounce, falling today to reach $ 1331, losing 0.47% at the end of the trading session. Silver futures were also affected by declines in precious gold, with silver falling 0.13% to $ 17.91. The future…More

gold closes the price gap at 1325 levels

02:00 pm 2017-09-05

Gold closes the price gap at 1325 levels, gold futures rose in European trading on Tuesday, recording a rise of 0.55%, reaching $ 1337 per ounce. The gains came after gold saw a decline during the Asia session, to drop to 1325 dollars, to close the price gap made in the early hours of the week. To bounce back in the middle of European trading, after rising geopolitical tensions, after North Korea announced this morning that it has transferred intercontinental missiles to its…More

Oil is settling in early weekly trading

08:50 am 2017-09-04

Crude oil futures held steady at the beginning of the week as prices remained flat after recent oil losses, although there was no change in the number of US drilling platforms last week.    The Baker Hughes report said there had been no change in the number of active drilling platforms in the United States, despite Hurricane Harvey, which hit the US coasts of Texas and Houston.    Floods in the aftermath of the storm have halted refining operations along the coast of Texas over the past week,…More

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