Commodities

Crude oil records biggest monthly fall since March 2020

Crude oil prices dropped on Tuesday after the chief cast of Moderna doubted the efficiency of the COVID-19 vaccine against the new variant of coronavi...

Crude oil recovers after crashing more than 10% on Friday

Highlights Crude oil prices recovered on Monday. The crude oil market crashed by nearly 10% on Friday. Various countries across the globe have re...

Crude oil slumps to 2-month lows on Omicron concerns

Crude oil futures slumped to 2-month lows after the new COVID-19 variant spooked investors and added to the existing concerns relating to a possible s...

Will the release of strategic crude reserves solve the demand-supply...

Oil prices have exhibited increased volatility over the past few months amid various factors altering the demand-supply dynamics from all directions....

What to expect from copper prices in the months ahead?

Copper has staged a remarkable journey in 2021 so far, with the price of the commodity rising by over 25 per cent despite the virus crisis. Thanks to...

Crude oil climbs up on indication that OPEC+ could reassess output

Crude oil prices rose on Monday recording gains on previous losses on the news that OPEC along with its allies may rethink their plans of increasing p...

Crude oil hits six-week low on recuperated supply concerns

Highlights Crude oil prices slumped on Wednesday. The US urged other major oil consumers like Japan and China to consider a coordinated release of...

Oil settles mixed on tight stocks & demand slumps amid rising COVID-...

Highlights Crude oil settled mixed on Tuesday. The US crude stocks were anticipated to rise in the fourth consecutive week. OPEC and its allies r...

Oil settles mix amid fresh rise in COVID-19 cases in China, Europe

Crude oil prices settled mixed on Monday on the back of strong dollar and rise in COVID-19 cases. January delivery Brent Crude oil futures last traded...

Crude oil records third consecutive weekly loss followed by a volati...

Energy producers of the world could have a poor start to the week after oil prices tumbled on Friday. The prices wiped out the gains of the previous s...

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. T...

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 incl...

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 earl...

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 E...

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 A...

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 seve...

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...

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...

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 equiti...

Saudi Aramco records best quarterly since listing on higher oil pric...

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...