Commodities

Oil prices slide to 4-mth low on demand fears, OPEC production outlook
June 04, 2024 11:36 AM AEST| By InvestingInvesting.com-- Oil prices fell to a four-month low in Asian trade on Tuesday, extending losses after the OPEC+ signaled it will begin tapering off its production cuts this year, while weak economic d

Oil prices settle lower as OPEC+ extension, phase out decision stokes worry
June 04, 2024 05:14 AM AEST| By InvestingInvesting.com -- Oil prices settled sharply lower Monday, as OPEC and its allies' decision to extend output cuts into 2025, but also phase out the cuts later beginning later this year stoked worries a

Oil: Geopolitics a ‘noise element’ but Julius Baer sees the price at $70 this year
June 04, 2024 04:50 AM AEST| By InvestingInvesting.com – After this weekend's meeting of the Organization of the Petroleum Exporting Countries (OPEC) to discuss commodity markets and maintain supply restrictions, the Swiss group Julius Bae

Goldman Sachs: OPEC meeting 'bearish'; downside risks to $75-90 Brent range
June 03, 2024 09:28 PM AEST| By InvestingGoldman Sachs (NYSE:GS) analysts have deemed the recent OPEC+ meeting as bearish, citing plans to phase out extra voluntary production cuts as a key factor.

Gold sees little love from rate cut expectations; Copper struggles
June 03, 2024 02:50 PM AEST| By InvestingInvesting.com-- Gold prices fell in Asian trade on Monday, as a rush into risk-driven assets, on the back of increased rate cut expectations, largely left out the yellow metal, even as the dollar sank

Oil prices rise after OPEC+ extends production cuts; Gaza ceasefire in focus
June 03, 2024 11:32 AM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Monday after the OPEC+ extended its current run of production cuts into 2025, although speculation over a ceasefire in Gaza kept gains limited.

Oil prices lower on demand jitters, hopes for Gaza truce; OPEC+ meeting eyed
June 01, 2024 06:28 AM AEST| By InvestingInvesting.com-- Oil prices slipped to weekly loss after settling lower Friday, as fresh hopes on a Gaza ceasefire and ongoing demand concerns weighed on sentiment ahead of the weekend's meeting of top

Oil prices slip on demand jitters ahead of key OPEC+ meeting
June 01, 2024 04:14 AM AEST| By InvestingInvesting.com-- Oil prices ebbed lower Friday, as investors digested U.S. economic data showing a steady pace of inflation that helped stoke bets on Federal reserve rate cut ahead of the weekend's mee

Market experts: Gold to charge higher
May 31, 2024 10:16 PM AEST| By InvestingInvesting.com - Gold prices soared to record highs, with spot gold reaching a new peak of $2,449.89 per ounce on Monday. Silver also hit its highest levels in several years earlier last week, and copp

Oil prices steady ahead of key US inflation data, OPEC+ meeting
May 31, 2024 07:20 PM AEST| By InvestingInvesting.com-- Oil prices steadied Friday, ahead of the release of key U.S. inflation data and the weekend's meeting of top crude producers.

Gold prices steady with PCE test in focus, copper slips on weak China PMIs
May 31, 2024 02:38 PM AEST| By InvestingInvesting.com-- Gold prices steadied in Asian trade on Friday, with traders remaining wary of the yellow metal before key U.S. inflation data that is likely to factor into the outlook for interest rat

Oil prices fall on surprise US inventory builds, weak China PMIs
May 31, 2024 11:48 AM AEST| By InvestingInvesting.com-- Oil prices fell in Asian trade on Friday, extending recent losses after unexpected builds in U.S. product inventories drummed up concerns over sluggish fuel demand, while signs of weak

Oil prices settle lower as soft gasoline demand weighs
May 31, 2024 04:50 AM AEST| By InvestingInvesting.com-- Oil prices settled lower Thursday as heavy decline in weekly crude inventories was offset by fresh signs of weaker fuel demand following a larger-than-expected build in weekly U.S. gas

Oil prices slip lower after weak US G,DP inflation jitters
May 30, 2024 10:42 PM AEST| By InvestingInvesting.com-- Oil prices slipped lower Thursday on concerns of slowing U.S. economic activity, exacerbated by high interest rates, overshadowing a larger-than-expected draw in U.S. inventories.

Gold prices dip, weighed by dollar strength as rate jitters grow
May 30, 2024 01:54 PM AEST| By InvestingInvesting.com-- Gold prices fell in Asian trade on Thursday, weighed chiefly by strength in the dollar and U.S. Treasury yields as traders remained on edge before key economic readings that are likely

Oil prices flat as rate, inflation jitters offset big inventory draw
May 30, 2024 11:26 AM AEST| By InvestingInvesting.com-- Oil prices steadied in Asian trade on Thursday as optimism over a bigger-than-expected draw in U.S. inventories was offset by caution ahead of key economic data that is likely to facto

Oil inventories slump by 6.5M barrels last week: API
May 30, 2024 07:04 AM AEST| By InvestingCrude Oil WTI Futures, the U.S. benchmark, traded at $79.27 a barrel following the report after settling down 0.8% at $79.23 a barrel.

Oil prices settle lower ahead of fresh crude inventory data
May 30, 2024 05:38 AM AEST| By InvestingInvesting.com-- Oil prices settled lower Wednesday, as traders looked ahead to fresh petroleum inventory data for signs of a pick up demand as the U.S. summer season gets underway.

Oil prices rise on demand hopes; OPEC+ meeting looms
May 29, 2024 11:14 PM AEST| By InvestingInvesting.com-- Oil prices rose Wednesday, extending recent gains on expectations that OPEC+ will keep production cuts in place at the onset of the travel-heavy U.S. summer season.

OPEC+ online meeting suggests "nothing to see here" - RBC
May 29, 2024 10:32 PM AEST| By Investing
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