Welcome to the Commodity Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
With mounting uncertainty regarding OPEC+ output cuts, crude oil saw a 1.97% decrease, closing at 6281. Fears of a drop in the demand for fuel were exacerbated by worries about China’s economic crisis. In response to declining oil prices and forecasts of a surplus in the upcoming year, the OPEC+ coalition decided to reduce its…
The price of Brent crude experienced a decline to $80.6 per barrel, even with the recent announcement by OPEC and its allies to prolong the production reduction of 1.7 million barrels per day until 2024. Forecasters predict that going forward, the price of crude will stay between $80 and $85 per barrel. India, which imports…
Early Asian trading on Friday saw a decline in oil prices, which continued losses following the voluntary agreement by OPEC+ members to reduce oil output for the first quarter of 2019 that fell short of market expectations. At morning session February’s Brent crude futures were down 14 cents, or 0.2%, at $80.72 per barrel. At…
As worldwide primary aluminium output climbed 3.9% YoY to 6.116 million tonnes in October, prices for the metal stayed stable at 203.45, according to figures from the International Aluminium Institute (IAI). China’s main imports of aluminium from January to October increased 173% year over year to 1.17 million metric tons, while exports fell 41.19% to…
Copper prices saw a -0.48% decrease at the close, closing at 718.85, as worries over demand reappeared in the wake of disappointing Chinese statistics. October saw a third straight month of improvement in China’s industrial earnings, although the annual growth rate decreased to 2.7%. This number represented a notable slowdown from the 17.2% gain in…
As investors anticipated the OPEC+ meeting later this week in hopes of reaching an agreement to limit supplies through 2024, oil prices were little moved on Monday, with Brent remaining above $80 per barrel. U.S. West Texas Intermediate crude futures were up 10 cents, or 0.1%, at $75.64 a barrel, while Brent crude futures up…
A surprise storage withdrawal, approaching colder weather, and increased demand for heating over the next two weeks were among the unanticipated variables that drove up natural gas prices, which closed at 242 with a 0.67% gain. In sharp contrast to the 60 bcf withdrawal during the same week last year and a five-year average decline…
The reason behind the -0.33% decline in gold prices that occurred recently, with a closing price of 61024, is traders assessing the monetary policy environment. The Fed’s cautious approach and intention to continue a tight policy for an extended length of time were evident in the FOMC minutes. With a minor decline in betting on…
Crude oil prices dropped 1.62% to settle at 6363, which was caused by the OPEC+ meeting being rescheduled for November 30. The delay resulted from Saudi Arabia’s discontent with other members’ production levels, which at first raised concerns about possible supply cuts. Significant news showing a 9 million barrel increase in U.S. crude inventory, over…
Prices for natural gas fell by -1.16% to settle at 238.7. The main causes of this fall were record supply, high storage levels, and low demand. By mid-November, US petrol stockpiles were already 6% above average, and by November 17, they should be 7% above average. High natural gas output and milder winter temperatures, which…
