Commodities

Crude oil tumbles after hitting record highs

Crude Oil Price Fall Down

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...

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Crude oil hits record high levels on skying demands

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...

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

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...

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Iron ore futures dip amid intense emission curbs in China

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...

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Crude oil steadies on China’s plan to buy more oil

Crude oil steadies on China’s plan to buy more oil

Highlights Crude oil prices traded nearly flat on Thursday. China plans to buy more oil to meet its rising energy demand. US crude oil inventories have risen with recovery in the Gulf Coast operations. Crude oil prices traded nearly flat ...

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Dalian iron ore climbs up on power curbs

Dalian iron ore climbs up on power curbs

Dalian iron ore futures gained more than 5% on Monday with prices hitting above CNY700 level. At the same time, the prices of steel rebar and hot-rolled coils surged significantly due to production limitations on power curbs. January delivery iron ...

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Oil rises on strong demand and tight supplies

Oil rises on strong demand and tight supplies

Crude oil prices galloped on Monday with Brent crude hitting near US$80 per barrel on the back of robust demand and tight supplies. December delivery Brent Crude oil futures last traded at US$78.50 per barrel down 0.14%, whereas November delivery W...

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Crude oil prices reach 3-year high on US supply disruptions

Crude oil prices reach 3-year high on US supply disruptions

th supplies from Canada and Iraq. Members of OPEC+ struggle to raise their output. Crude oil rose to a near three-year highest levels on Monday. Brent Crude oil futures for December delivery last traded at US$78.05 a barrel, up 1.06%, whereas W...

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Oil rises on slow supply recovery from the US

Oil rises on slow supply recovery from the US

Stock Photo Oil Prices Rise  Crude oil prices soared to six-week high on Monday due to slow recovery in the US output, two weeks after Hurricane Ida hit the coast. The prices were additionally lifted by the concern of another storm that could h...

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Iceland starts the world’s largest carbon dioxide capturing plant

Iceland starts the world’s largest carbon dioxide capturing plant

Carbon Dioxide Capture Technology Iceland has started operating the world’s largest plant that captures carbon dioxide from the air and deposits it into the ground. Climeworks AG, a Swiss start-up has teamed up with Iceland’s carbon stor...

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Copper prices hit more than one-month high on strong demand

Copper prices hit more than one-month high on strong demand

Highlights Copper prices reached more than a month high level on Monday. The prices surged on the back of strong demand and tight supplies. Chinese imports of unwrought copper tumbled by 7% in August. Copper prices surged to more than one...

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