Oil tumbles on speculations that Iran's supply will resume soon

Highlights Crude oil prices tumble on Thursday. The prices settle at nearly two-week low levels on speculations that Iran's supply will resume. S. crude stocks rose by 4.3 million barrels in the last week. Crude oil prices tumbled on Thur...

Oil tumbles on rising US stockpiles

Highlights Crude oil prices tumble on Wednesday. The higher-than-expected rise in the US crude stocks forced investors not to hold long positions in crude oil. At the start of the month, OPEC+ decided to gradually increase the output. Cru...

Gold price tumbles on firm dollar

Highlights Gold prices tumbled on Tuesday. Prices surpassed the mark of US$1,800 per ounce on Monday, the highest since August 2021. Investors have shifted their interest in equities, dimming the appeal of gold. Gold prices tumbled nearly...

Crude oil tumbles after hitting record highs

Highlights Crude oil prices tumbled on Thursday. Winter weather in most parts of the US is expected to be warmer than average. Oil also came under pressure due to a drop in natural gas and coal prices. Crude oil prices tumbled on Thursday...

Crude oil tumbles as US factory data deepens demand concerns

Highlights Crude oil edged lower on Monday. The production at the US factories tumbled to the lowest level in September. China's third-quarter economic growth has been dropped to the lowest level in the year due to power shortages. Crude ...

Crude oil grows on rising energy demand

Highlights Crude oil prices climbed up on Thursday. The prices of crude oil are boosted by surging natural gas prices. OPEC+ decided to stick to its previous agreement to increase the output by 400,000 bpd per month. Crude oil prices clim...

Crude oil steadies after recording a mind-blowing rally

Highlights Crude oil prices were steady on Tuesday after recording a mind-blowing rally. Power prices in various parts of the world surged including Asia and Europe to record high levels. The International Monetary Fund squeezed its growth for...

Crude oil hits record high levels on skying demands

Highlights Crude oil prices rose on Monday. The prices rose to record high levels on the back of robust demand and lower supplies due to cutbacks from producing nations. Power prices across the globe surged to record high levels in the past fe...

Oil falls as the US decides to sell oil from its strategic reserves

Highlights Crude oil prices dipped on Thursday. The US is considering options to sell out oil from its strategic reserves. Crude oil prices have been weighted by a higher-than-expected crude oil inventory in the last week. Crude oil price...

Iron ore futures dip amid intense emission curbs in China

Highlights The prices of iron ore plummeted to record low levels on the back of an ongoing power crunch in China. More than four-fifths of the country's steel mills have suspended their operations in September for maintenance. Australia believ...