Commodities

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...

Iron ore prices slump on improved supply, lower demand

Highlights China forced its steel mills to lower their output during the winter season ahead of Beijing's Winter Olympics. Australia and Brazil ha...

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...

European Auribis to invest €300M in US copper recycling plant

Highlights Aurubis AG is ready to invest nearly €300 million to build a copper recycling plant in the US. The plant is expected to process 90...

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...

Crude oil dips to 4-week low on rising US stockpiles

Highlights Crude oil reached a four-week low level on Wednesday. The US records higher than expected crude oil inventories. Gasoline stockpiles d...

Crude oil inches lower ahead of OPEC+ meeting

Highlights Crude oil has surged more than 60% in 2021. The prices are currently playing near three-year high levels. OPEC+ meeting is scheduled o...

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...

JCB inks multi-billion-dollar deal to supply hydrogen from Australia...

The construction equipment company, JCB has inked a multi-billion-dollar deal with Australia’s Fortescue Future Industries (FFI) to import and s...

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...

Vale SA records a significant rise in its Q3 earnings

Highlights Vale SA has reported a third-quarter net profit of US$3.9 billion. The miner’s net income tumbled nearly 50% relative to the prev...

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...