Early on Wednesday in Asian trading, oil prices increased, reversing losses from the previous session, as worries about restricted supply due to news of falling US stocks outweighed concerns about declining demand from top oil importer China. Brent crude futures were up 73 cents, or 0.8%, at $90.76 per barrel. U.S. West Texas Intermediate crude…
Gold fell to a two-month low on Wednesday morning for Asia. Gold futures were down 0.26% at $ 1,758.95 since Tuesday, April 15. Gold fell 7.5% in June, still feeling the effects of a surprisingly bad policy decision issued by the central bank earlier this month. However, it increased by 3.3% in the second quarter…
$ 1900 loss to gold gains and levels for the first week on Friday. But the difference was in the yellow metal for a long time. Gold for the previous month at the New York’s Comex was, at $1,777.80, up just 10 1.10 or 0.1%. The weekly gain was slightly less anemia, 80 8.80 or…
Oil rose in Asia on Wednesday morning, with strong economic recovery from key consumers boosting fuel demand and filtering inflated cargo. Investors are now waiting for a meeting of petroleum exporting countries and allies (OPEC +) for clues on manufacturers’ policy. Brent oil futures rise 0.59%. 75.25 and WTI futures were up 0.47% at $…
Copper continued to decline on Monday, reaching its lowest level since mid-April, as commodity price rallies and the U.S. After China restricts signals from the Federal Reserve, it will tighten monetary policy sooner than expected. On the London Metal Exchange (LME), benchmark copper fell 0.4% to $ 9,108.50 a tonne, hitting $ 9,011 at 1051…
Weather Forecasts Weight forecast for Chicago corn futures fell more than 1% on Thursday in some parts of the USA and soybeans fell to a two-month low. Wheat rose for the second session in a row. “Weather forecasters are constantly looking for rain and cold temperatures this weekend, while dry and hot weather prevails in…
After the US Federal Reserve identified that it may raise interest rates faster than expected, the U.S. Crude oil prices fell on Thursday as the dollar strengthened, but losses 8849 | U.S. crude oil cargo. After reaching a high from April 2019 in the previous session, Brent crude oil futures fell 42 cents, or 0.6%,…
Copper fell on Wednesday as investors took some money off the table amid concerns that top consumer demand for China would ease, while a solid dollar cut the metal’s appeal. Benchmark copper was down 0.4% at $ 10,207 per tonne on the London Metal Exchange, trading at a narrow range of 1050 GMT. “Investors are…
Oil prices rose for a third day on Thursday in anticipation of rising fuel demand by the end of this year, especially in the US and Europe, and China, while large manufacturers have been adhering to supply discipline. After reaching its highest level since September 2019, Brent crude futures rose 40 cents, or 0.6%, to…
Gold rose in Asia on Wednesday morning as signs of inflationary pressures wiped out its 2021 losses, leaving investors worried. The Federal Reserve promised a monetary policy perspective to investors. The gold futures rose 0.48% to $ 1,907.10, surpassing $ 1,900, gaining eight points in the last nine sessions. The dollar, which usually moves in…
