Commodities

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...

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...

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...

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...

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...

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...

Oil tumbles on rising US stockpiles

Highlights Crude oil prices tumble on Wednesday. The higher-than-expected rise in the US crude stocks forced investors not to hold long positions...

Gold price tumbles on firm dollar

Highlights Gold prices tumbled on Tuesday. Prices surpassed the mark of US$1,800 per ounce on Monday, the highest since August 2021. Investors ha...

Crude oil tumbles after hitting record highs

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 unde...

Crude oil tumbles as US factory data deepens demand concerns

Highlights Crude oil edged lower on Monday. The production at the US factories tumbled to the lowest level in September. China's third-quarter ec...

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...

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 includi...

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...