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Commodities
Oil settles mixed on tight stocks & demand slumps amid rising COVID-19 cases
November 17, 2021 01:08 PM AEDT| By Arpit VermaHighlights Crude oil settled mixed on Tuesday. The US crude stocks were anticipated to rise in the fourth consecutive week. OPEC and its allies reduced their crude oil demand forecast by 330,000 for the last quarter of 2021. Crude oil pri.....
Oil settles mix amid fresh rise in COVID-19 cases in China, Europe
November 16, 2021 12:51 PM AEDT| By Arpit VermaCrude 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 at US$82.15 per barrel up 0.07%, whereas January delivery WTI crude oil futures traded 0.13% down.....
Crude oil records third consecutive weekly loss followed by a volatile week
November 15, 2021 01:14 PM AEDT| By Arpit VermaEnergy 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 session on worries that the US Federal Reserve will boost its plan to enhance interest rates to tam.....
Crude oil settles higher despite a strong dollar
November 12, 2021 01:25 PM AEDT| By Arpit VermaHighlights 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
November 11, 2021 01:26 PM AEDT| By Arpit VermaHighlights 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 .....
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Copper futures tumble on worries about Chinese property crisis
November 10, 2021 04:22 PM AEDT| By Arpit VermaHighlights 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 .....
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Crude oil reaches 2-week high on rising demand
November 10, 2021 02:39 PM AEDT| By Arpit VermaHighlights 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
November 09, 2021 02:58 PM AEDT| By Arpit VermaHighlights 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
November 09, 2021 01:02 PM AEDT| By Team Kalkine MediaThe 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
November 08, 2021 12:50 PM AEDT| By Arpit VermaHighlights 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
November 04, 2021 04:10 PM AEDT| By Arpit VermaHighlights 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
November 02, 2021 01:29 PM AEDT| By Arpit VermaHighlights 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
November 01, 2021 01:06 PM AEDT| By Arpit VermaHighlights 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.....
Oil tumbles on speculations that Iran's supply will resume soon
October 29, 2021 01:03 PM AEDT| By Arpit VermaHighlights 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
October 28, 2021 01:31 PM AEDT| By Arpit VermaHighlights 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
October 27, 2021 02:51 PM AEDT| By Arpit VermaHighlights 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
October 22, 2021 12:44 PM AEDT| By Arpit VermaHighlights 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
October 19, 2021 01:36 PM AEDT| By Arpit VermaHighlights 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
October 15, 2021 12:56 PM AEDT| By Arpit VermaHighlights 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
October 13, 2021 12:56 PM AEDT| By Arpit VermaHighlights 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.....
