Oil prices rose on Thursday, supported by an expectation that the United States will re-impose sanctions against Iran, a decline in output in Venezuela and ongoing strong demand.Brent crude oil futures were at 74.42 per barrel at 0135 GMT, up 42 cents, or 0.6...
Corn is one of the most popular crops in the world. In many countries, corn is a staple food while in the developed countries, it is used both for food and ethanol production. United States is one of the biggest producer and consumer of...
Oil prices on Wednesday fell back from more than three-year highs reached the previous session, as rising U.S. fuel inventories and production weighed on an otherwise bullish market.Brent crude oil futures were at $73.71 per barrel at 0655 GMT, down 15 cents, or 0.2...
Brent crude oil rose for a sixth day on Tuesday to hit its highest since November, 2014 at over $75 a barrel, buoyed by expectations that supplies will tighten just as demand reaches record levels.Brent crude futures marked $75.27 a barrel on Tuesday, their...
Oil prices dipped on Monday as a rising U.S. rig count implied further increases in output, marking one of the few factors tamping back crude in an otherwise bullish environment.Brent crude futures were at $73.91 per barrel at 0630 GMT, down 15 cents, or...
Gold prices edged down early on Friday as global political tensions eased, but expectations for rising inflation supported demand for the safe-haven asset."Uncertainty has decreased somewhat. Geopolitical worries, trade risk have moved to the background," said commodity strategist Georgette Boele at ABN AMRO in Amsterdam.Spot gold...
Formerly skeptical investors are buying back into oil majors in the hope that upcoming results will mark a turning point for energy stocks which have failed to keep pace with a surge in crude prices.Oil stocks could begin to close that gap if results...
Oil prices rose on Thursday to their highest in over three years as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for higher prices by continuing to withhold supplies.Brent crude oil futures rallied as high as $74.02 a barrel, the strongest...
Oil prices rose on Tuesday amid worries there could be a high risk of disruptions to supply, especially in the Middle East.Brent crude oil futures were at $71.75 per barrel at 0646 GMT, up 33 cents, or 0.5 percent, from their last close.U.S. West...
Oil fell nearly 2 percent on Monday after U.S. drilling activity rose and fears waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.The United States, France and Britain launched 105 missiles on Saturday, targeting what they said...
Gold has edged higher in the Friday session, after sharp losses in Thursday trade. In the North American session, the spot price for an ounce of gold is $1338.02, up 0.22% on the day. In economic news, the US releases UoM Consumer Sentiment, which is expected...
OPEC and its allies appear to have accomplished their mission of bringing global oil stocks to desired levels, the International Energy Agency said on Friday, signalling that the markets could become too tight if supply remains restrained.The IEA, which coordinates the energy policies of...
Oil markets edged back from highs last reached in late 2014 as ample supplies weighed, but prices were underpinned by worries over military escalation in Syria and trade tensions between the United States and China.Brent crude futures were at $71.70 a barrel at 0902...
A touch of risk aversion crept into financial markets on Wednesday, as the sense of relief over easing U.S-China trade tensions was overshadowed by the rising geopolitical risk surrounding Syria.Asian stocks closed mostly mixed due to market caution, with European equities sinking lower as...
Oil markets rose by more than 1 percent on Tuesday, extending strong gains from the previous session, on hopes a trade dispute between the United States and China may be resolved without greater damage to the global economy.Despite this, prices remain within recent ranges...
Oil markets stabilized on Monday after having lost around 2 percent last Friday as concerns grew over the impact on global growth from an intensifying trade dispute between the United States and China, as well as increased U.S. drilling activity.Markets were also eyeing the...
Oil prices fell on Friday after U.S. President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies.President Trump said on Thursday he had ordered U.S. trade officials to consider tariffs on $100 billion...
OPEC and its allies should maintain oil supply curbs to guarantee healthy price levels which will allow increased investment in the industry and help avoid a big supply and price shock in the long run, OPEC member Qatar said.Qatar’s Energy Minister Mohammed al-Sada told...
The Trump administration heralded the government’s sale last month of U.S. drilling leases in the Gulf of Mexico as a bellwether.If that is the case, a Reuters analysis of the sale’s results shows reason to worry about demand in future offshore auctions.The sale brought...
Oil lingered below this week’s highs on Thursday, support from OPEC’s commitment to controlling its output was partly offset by another rise in U.S. inventories.The oil price touched $71 a barrel on Tuesday, near its high for the year, but has struggled to gain...
Oil hit $71 a barrel before retreating on Tuesday, supported by concern about possible disruption to Middle East supply but capped by fast rising global output and a dollar recovery. Brent crude futures were up 18 cents at $70.30 by 1404 GMT, down from its...
Brent and WTI crude oil futures dipped on Monday as concerns of a looming trade dispute between the United States and China weighed on global markets. In Asia, Shanghai crude oil futures debuted strongly in terms of volume as investors and commodity merchants bought into...
Silver is often called the poor cousin to gold. Like gold, silver is found deep inside the earth’s crust and is often mined by large mining companies. The difference between the two is its usage. While gold is usually bought as an investment, silver...
Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019.The rise in oil defied global stock markets, which slumped on worries about a trade stand-off between the United...
Oil prices gave up earlier gains as the relentless rise in U.S. crude production threatens to undermine efforts led by producer cartel OPEC to tighten the market.Brent crude futures were at $69.34 per barrel at 0750 GMT, down 13 cents, or 0.2 percent from...
Oil prices edged up on Wednesday, lifted by tensions in the Middle East and healthy demand, although rising U.S. output continued to weigh on markets. U.S. West Texas Intermediate (WTI) crude futures were at $63.69 a barrel at 0744 GMT, up 15 cents, or 0.2...
Oil prices rose by almost 1 percent on Tuesday, lifted by a weak dollar, tensions in the Middle East and concerns of a further fall in Venezuelan output. U.S. West Texas Intermediate (WTI) crude futures were at $62.61 a barrel at 0744 GMT, up 55...
On the surface, things look good for oil producers. Global oil demand is set to grow at its fastest pace in three years and OPEC’s discipline in sticking to output cuts has been unprecedented. All of this should help offset booming U.S. production. But there are...
Global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in the first quarter of 2018, the International Energy Agency (IEA) said on Thursday.The IEA raised its forecast for oil...
Talking Points:US core CPI inflation holding at 1.8%. Dollar defensive against most currencies. Gold was able to make strong bullish gains up to $1328/ounce.ForexFriday’s non-farm payrolls did show higher than anticipated US job gains for the month of February, but subdued wage inflation...