Commodities

Crude oil recovers after crashing more than 10% on Friday

Crude oil stocks

Highlights Crude oil prices recovered on Monday. The crude oil market crashed by nearly 10% on Friday. Various countries across the globe have recorded rising cases of the new variant of coronavirus on Sunday. Crude oil prices rose on Mon...

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Crude oil grows on rising energy demand

Crude oil grows on rising energy demand

Highlights 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...

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Crude oil steadies after recording a mind-blowing rally

Crude oil steadies after recording a mind-blowing rally

Highlights 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...

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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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