Commodities

Oil prices bounce off lows; weak US jobs data point to rate cuts
June 05, 2024 10:50 PM AEST| By InvestingInvesting.com -- Oil prices edged higher Wednesday, bouncing from four-month lows after the release of more data showing the cooling of the U.S. labor market.

Gold prices forecast: UBS hikes its target
June 05, 2024 07:02 PM AEST| By InvestingUBS has raised its gold price forecasts, citing strong structural support and resilient demand for the yellow metal.

Gold prices rangebound amid rate cut speculation, copper near 1-mth low
June 05, 2024 03:00 PM AEST| By InvestingInvesting.com-- Gold prices rose in Asian trade on Wednesday, but stuck to a range seen for nearly two weeks amid continued speculation over when the Federal Reserve will begin cutting interest rates.

Oil prices extend losses, at 4-mth low on outsized US inventory build
June 05, 2024 11:20 AM AEST| By InvestingInvesting.com-- Oil prices fell slightly in Asian trade on Wednesday, remaining at four-month lows after industry data pointed to an unexpected, bumper build in U.S. inventories.

US oil futures slip after surprise API build
June 05, 2024 07:00 AM AEST| By InvestingCrude Oil WTI Futures, the U.S. benchmark, traded at $72.93 a barrel following the report after settling down 1.3% at $73.25 a barrel.

Oil prices continue to fall after OPEC+ outlook; demand concerns also weigh
June 04, 2024 10:40 PM AEST| By InvestingInvesting.com-- Oil prices fell to four-month lows Tuesday, extending losses after the OPEC+ signaled it will begin tapering off its production cuts this year, while weak economic data raised concerns

Gold prices steady as rate cut speculation puts dollar at 2-mth low
June 04, 2024 02:56 PM AEST| By InvestingInvesting.com-- Gold prices fell slightly in Asian trade on Tuesday, but were sitting on some gains from the prior session as signs of a cooling U.S. economy ramped up expectations of rate cuts and dr

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.

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.

Oil prices rise on demand hopes, OPEC+ meeting awaited
May 29, 2024 11:26 AM AEST| By InvestingInvesting.com-- Oil prices rose in Asian trade on Wednesday, extending recent gains on hopes that demand will pick up with the onset of the travel-heavy U.S. summer season.

Commodities rip-roaring rally set to continue; buy dips in copper, UBS says
May 29, 2024 06:24 AM AEST| By InvestingInvesting.com -- Commodities including gold oil, and copper have been on rip-roaring rally and could be set for more gains, underpinned by positive fundamentals including demand amid supply and geopol

Oil: Five reasons for market resilience to supply shocks
May 29, 2024 06:20 AM AEST| By InvestingInvesting.com – Geopolitical noise, with fears of escalating tensions in the Middle East, and supply risks remain on investors' radar when it comes to the oil market. However, the commodity's resili

Special market? Asia’s willingness to pay is boosting gold – Julius Baer
May 29, 2024 06:08 AM AEST| By InvestingInvesting.com – Gold continues to shine. Surpassing records in May, gold remains a highlight in the commodities market, with demand dominated by Asia. In the last three months, gold futures for June

Oil prices rise on dollar slip; Inflation data, OPEC+ meeting eyed
May 29, 2024 04:30 AM AEST| By InvestingInvesting.com-- Oil prices rose Tuesday, as traders looked ahead to U.S. inflation data and the OPEC+ meeting later this week amid expectations that major oil producers will stick with production curb

Oil prices rebound from lows; inflation data, OPEC news awaited
May 28, 2024 09:44 PM AEST| By InvestingInvesting.com-- Oil prices rose Tuesday, continuing to rebound from more than three-month lows, with the focus on upcoming inflation readings this week as well as a meeting if top producers to discuss

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