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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 in European trade

01:25 pm 2017-12-21

Oil futures settled during European trade on Thursday, where Brent opened the day at $ 63.90 a barrel, to rise during the Asian and European trading, to reach levels of $ 64.22, achieving daily marginal declines of 0.19%, as well as retreat US crude fell 0.14% to hit $ 57.97 a barrel in mid-European trade. US crude oil finished up 0.6% in the second daily gain in a row, and Brent crude rose 1.1%, the third daily gain, respectively, with the interruption of supply of Fortis crude…More

Oil rises following the decline in US oil inventories report

06:04 pm 2017-12-20

Oil futures are up after the US Energy Information Administration report, which pointed to a sharp and unexpected drop in US oil inventories in the week ended December 15, with a decline of 6.5 million barrels per day compared to the previous reading, which reached 5.1 million Barrels per day. Analysts had expected the deficit to reach 3.6 million barrels, bringing inventories down to 436.5 million barrels, making inventories within the average range for this time of year. Oil futures rose after the release of the data, with Brent…More

Gold continues to rise to its highest level in 3 weeks

12:33 pm 2017-12-20

Gold continues to rise to its highest level in 3 weeks, as the US dollar index fell after Congress passed the tax reform law, which led to the buying of securities from companies' stocks, expecting higher corporate results due to tax cuts. According to the Tax Reform Act, the dollar index, which measures the performance of the greenback versus its basket of major currencies, fell slightly by 1% to trade at 93.14. Gold futures recorded gains of 0.35% to reach $ 1266.35 per ounce in mid-European trading.…More

Oil holds yesterdays gains and attention to US crude inventories today

11:48 am 2017-12-20

Oil futures are stabilizing near their highest levels in a week, following the decline in US oil inventories, as well as the continuation of the moratorium on the northern pipeline in the United Kingdom, where the American Petroleum Institute announced the fall of oil stocks in the United States 5.2 million barrels during the week ending in 15 From December to the lowest level in two years, while analysts had forecast a 3.5 million barrel decline, and official data will be released today by the US Energy Information Administration.…More

Oil continues to rise and attention to US inventory data

12:07 pm 2017-12-19

Oil continues to rise and Brent settles above $ 63 a barrel amid a drop in global supplies following the closure of the northern pipeline in the UK. Investors are awaiting US oil inventories data, which is due to be announced this evening by the Petroleum Management Institute. Data from the US Energy Information Administration, which will be released tomorrow on stocks that are expected to fall during the past week. Where Brent crude rose during the Asian trade, where it opened today trading at 62.80 dollars…More

Gold continues to rise up to the highest level in two weeks

11:43 am 2017-12-19

Gold futures contract higher in European trading, gold reaches a two-week high; the yellow metal continued to rise during Asian trade as the US dollar index, due to investors' anticipation of the US tax reform law, led investors to turn to gold as a haven Gold opened the day at $ 1260 per ounce, rising at the opening of European trade, reaching $ 1265, gaining daily gains of 0.09%. Gold prices ended yesterday's trading up 0.5%, the second daily gain in a row, as the US…More

Gold futures rise in trading amid falling dollar index

03:17 pm 2017-12-18

Gold futures are up on Monday as the dollar index fell on concerns that the US tax reform bill failed to pass. "If it all collapses in the last minute, it will be a huge boost to gold," said Carsten Minke, an analyst at Julius Baer in Zurich. , And I think that is unlikely. "He added that if the tax law was passed, gold might drop slightly but that scenario was put into account pricing in the market. During the European session, gold saw a…More

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

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