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
Due to profit-taking, crude oil prices declined 2.17% to close at 7,623 after surging due to surprise declines in crude stocks. According to U.S. government data, oil stockpiles decreased by 2.2 million barrels more than expected, highlighting supply limits brought on both Saudi Arabia and Russia’s output curbs. Particularly, oil supplies dropped by 943,000 barrels…
The price of U.S. oil increased by about $1 a barrel on Thursday, reaching its highest level in more than a year as concerns about OPEC+ cuts headed by Saudi Arabia adding to supply shortages throughout the world. The movement was spearheaded by U.S. West Texas Intermediate oil futures (WTI), which surpassed $95 for the…
Prices for copper fell -0.23%, ending the day at 712.25. This decline was caused by a number of causes, including the Federal Reserve’s cautious approach, anxieties about a probable government shutdown in the United States, and worry about decreased industrial demand as a result of a slowing Chinese economy. A stronger dollar and rising bond…
Oil prices fell in early trade on Tuesday due to worries that fuel demand will be hampered by major central banks maintaining higher interest rates for a longer period of time, even if supply is anticipated to be constrained. U.S. West Texas Intermediate crude futures were trading 1 cent lower at $89.67 while Brent crude…
Oil prices increased on Monday as traders concentrated on a tighter supply outlook following Moscow’s temporary restriction on gasoline exports while avoiding any interest rate increases that may stifle demand. After ending the previous trading day 3 cents down, Brent crude futures increased 48 cents, or 0.5%, to $93.75 a barrel. U.S. West Texas Intermediate…
After a federal report confirmed a storage build in line with market expectations, natural gas had a sharp decline of -3.61%, settling at 218. U.S. utilities increased their gas storage by 64 billion cubic feet (bcf), closely matching the predicted 67 bcf increase, according to the EIA (U.S. Energy Information Administration). A 10-week low of…
In August, India’s imports of crude oil decreased for the third consecutive month to 18.73 million tonne (MT) as a result of maintenance work being done at its refineries and a reduction in exports from Russia. For the third consecutive month in August, India’s imports from Russia decreased, reaching a seven-month low. In August, this…
The price of natural gas significantly increased by 4.54% to reach 237. This increase was linked to a decrease in daily gas output and an increase in gas flow to American LNG export terminals. According to data, gas production peaked in August at 102.2 billion cubic feet per day (bcfd) and then decreased in September…
The U.S. dollar lost ground on six-month highs reached last week, while gold prices rose to two-week highs on Tuesday as investors’ attention turned to the Federal Reserve’s two-day policy meeting, which gets underway later in the day. FUNDAMENTALS After reaching its highest price since September 5 earlier in the session, spot gold was stable…
Tuesday marked the fourth straight session of rising oil prices as concerns about a supply shortage brought on by Saudi Arabia’s and Russia’s prolonged production cuts increased in response to the U.S.’s lackluster shale output. While Brent crude prices, the international oil benchmark, increased by 58 cents, or 0.61%, to $95.01 per barrel, U.S. West…
