Category: Commodity News

Commodity News

Oil Prices Mixed as IEA Demand Outlook Weighs on Sentiment

Oil prices traded mixed on Friday as sentiment was curbed due to the International Energy Agency’s (IEA) demand forecast following gains in the previous session on the US’s weaker-than-expected retail sales data for January, reinforcing

Commodity News

Oil Prices Slide on US Inventory Rise, Sticky CPI Reading

Oil prices slipped in Asian markets on Wednesday following the significant build in US crude inventories, while traders digested a still-hot inflation situation in the world’s largest economy, further weakening the possibility of a March

Commodity News

Oil Posts Slight Gains Ahead of US CPI Data, OPEC Report

Oil prices posted slight gains on Tuesday in Asia as caution enveloped markets in anticipation of the US consumer price index (CPI) data and the Organization of Petroleum Exporting Countries’ (OPEC) monthly report, both due