Crude oil settles higher despite a strong dollar

Highlights Crude oil prices settled higher on Thursday. The prices of crude oil rose significantly after OPEC cut its 2021 oil demand forecast. The US data showed that consumer price inflation rose by the fastest rate in the last 30 years at 6...

Crude oil dips on rising US dollar

Highlights Crude oil prices tumbled on Thursday. Both the benchmarks dropped sharply at the end of the session as traders sold riskier assets including commodities and stocks. Consumer inflation data showed that the US prices were rising at a ...

Copper futures tumble on worries about Chinese property crisis

Highlights Copper prices tumbled on Tuesday due to an ongoing property crisis in China.  However, the prices of the red metal grew a day earlier on Monday as the country's export growth beat forecasts.  Ease in power crunch and ...

Crude oil reaches 2-week high on rising demand

Highlights Crude oil reached two-week high levels on Tuesday.  Crude oil prices started rallying after the US Energy Information Administration (EIA) projected in its Short-Term Energy Outlook.  EIA&nb...

Crude oil climbs up on positive signs of global economic growth

Highlights Crude oil prices rose on Monday. The significant increase in the prices is due to the robust energy demand and lower supplies. Saudi Arabia on Friday raised the prices of its benchmark crude for Asian customers in December. Cru...

Commodity wrap-up for the week that was

The global commodity sector continues to consolidate, resulting in a lower Bloomberg Commodity Index for a third straight week. Various data from several sources, notably from China, point to slow growth expectations and have forced investors to be...

China’s crude oil imports plunge to three-year lows in October

Highlights China’s crude oil imports plunged to the lowest level since September 2018. the country has brought 37.8Mt crude oil in the last month which is equivalent to nearly 8.9Mbpd. Piped LNG and other natural gas imports were 9.38Mt ...

Iron ore rebounds after dipping below US$100 per tonne

Highlights Iron ore prices recovered after tumbling below US$100 per tonne. The prices of metal reached multi-year high levels in May 2021. China is strictly trying to limit its carbon emissions, as a part of the country's long-term goal to at...

Gold price firms up on dip in the US dollar

Highlights Gold prices rose on Monday. An ease in the strength of the US dollar pushed the prices of bullion. The strong performance of US equities has dampened the demand for a safe haven. Gold prices rose on Monday with ease in the stre...

Saudi Aramco records best quarterly since listing on higher oil prices

Highlights Saudi Aramco has released its third quarter results ending 30 September 2021. The Company has recorded a net income of US$30.4 billion during the period. The huge profits of Aramco are underpinned by a rapid increase in the prices o...