On Thursday, oil prices jumped as geopolitical fears mounted after Israel hit Rafah, dwarfing the impact of poor US Gross Domestic Product (GDP) growth. The US West Texas Intermediate (WTI) crude futures for June delivery
Quick Overview Crude Oil Prices Rise: U.S. Benchmark crude oil for June delivery climbed $1.46, reaching $83.36 per barrel. Gold and Silver Fluctuate: Gold for June delivery dropped by $4.30 to $2,342.10 per ounce, while
On Wednesday, cocoa prices rose after the Nigeria Hydrological Services Agency (NIHSA) cautioned of flooding in Nigeria’s cacao-growing areas. US cocoa July futures advanced 5.49% to $11,017.00 per metric ton (MT) on April 24, rebounding
On Tuesday, oil prices spiked following an unexpected decline in the US manufacturing sector, which may prompt the Federal Reserve to cut rates. The US West Texas Intermediate (WTI) crude futures for June delivery advanced
On Monday, cocoa prices plummeted on long liquidations triggered by short-term profit-taking despite the ongoing global supply crunch. US cocoa July futures slumped 6.85% to $11,064.00 per metric ton (MT) on April 22, snapping a
Quick Overview VanEck Expansion: CEO Jan van Eck announced plans for international expansion targeting commodities, signalling a strategic shift to capitalize on global economic growth China’s Economic Recovery: Positive March Manufacturing PMI indicates a significant
On Friday, oil prices increased slightly as the market awaited the potential fallout of escalating tension between Iran and Israel. The US West Texas Intermediate (WTI) crude futures for June delivery advanced 0.50% to $83.14
On Friday, oil prices surged following reports of an Israeli attack on Iran, causing market turbulence and raising fears of potential disruption in Middle Eastern oil supply. In the Asian afternoon session, Brent futures for
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