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How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
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Oil price today is facing strong resistance at $28 per barrel levels at NYMEX while it has strong support at $20/barrel, say experts.
Thu, Mar 05, 2020
Oil price rose more than 1% on Thursday, recouping losses from the previous day on a smaller-than-expected rise in crude oil inventories in the United States.
Fri, Feb 28, 2020
"Brent crude under $50 a barrel will be a nightmare scenario for OPEC and may well provoke a ...response of some kind from the core grouping," said Jeffrey Halley, senior market analyst at brokerage OANDA.
Sat, Feb 15, 2020
Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived.
Fri, Feb 14, 2020
Oil price rose for the fourth day as world`s biggest producers are likely to cut output due to slumping demand in china.
Thu, Feb 13, 2020
Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand.
Tue, Jan 28, 2020
Oil futures slipped on Tuesday, extending losses into a sixth session as the spread of a new virus in China and other countries raised concerns about a hit to economic growth and slower oil demand.
Tue, Jan 21, 2020
Brent crude was trading up 11 cents, or 0.2%, at $65.31 per barrel by 0101 GMT. U.S. West Texas Intermediate crude futures were up 20 cents, or 0.3%, at $58.74 a barrel.
Sat, Jan 18, 2020
Brent crude futures fell 3 cents to $64.59 a barrel by 1:15 p.m. EST (1815 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 15 cents to $58.37 a barrel.
Tue, Jan 14, 2020
Oil prices edged lower on Tuesday as receding Middle East tensions took some heat out of the market, with both Tehran and Washington desisting from any further escalation after this month`s clashes.
Wed, Jan 08, 2020
Global Markets: Asian shares and US treasury yields tumbled on Wednesday, while the yen, gold and oil shot higher after Iran fired rockets at Iraqi airbases hosting U.S. military forces.
Stock Market News: Indian equities may open lower on Wednesday, with Singapore Nifty futures dropping 1.7% to a four-week low as oil prices surged after Iran fired missiles at American forces based in Iraq.
Mon, Jan 06, 2020
Spot gold surged 1.5% to $1,579.55 per ounce in jittery trade and reached its highest since April 2013. Oil prices added to their gains on fears any conflict in the region could disrupt global supplies.
Brent crude futures soared to a high of $70.27 a barrel at 0222 GMT, up $1.67, or 2.4%, from Friday`s settlement.
Fri, Dec 27, 2019
Brent crude futures were up 13 cents, or 0.2%, at $68.05 a barrel at 0150 GMT, while the West Texas Intermediate contract was up 13 cents, or 0.2%, at $61.81 a barrel.
Thu, Dec 26, 2019
Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-US trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode.
Tue, Dec 24, 2019
Oil prices edged higher on Tuesday after Russia`s energy minister, Alexander Novak, said cooperation with OPEC on supporting the market would continue and as analysts forecast a second weekly decline in US crude inventories.
Wed, Dec 18, 2019
Oil price retreated on Wednesday after rising more than 1% in the previous session as US industry data showed a surprise build in crude stocks.
Mon, Dec 16, 2019
WTI Crude: Oil prices fell but remained near three-month highs on Monday after the United States and China agreed to an initial trade deal, a move market participants said could stoke oil demand and boost trade flows.
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