Category: Commodity News

Oil prices fell on Tuesday as concerns over a debt default in top consumer US offset optimism on expectations for a tight crude market due to a seasonal increase in gasoline demand and supply cuts

Oil prices edged higher on Monday, having posted losses earlier as the demand outlook of the US and China remained dim, offsetting optimism over tighter supplies from output cuts by the Organization of the Petroleum

On Thursday, coffee prices are being weighed down due to weaker demand after US economic data showed higher weekly jobless claims. Coffee futures for July exports declined by -1.92% to $182.38 a pound on May

On Thursday, gold prices went down as hopes about the Federal Reserve slashing interest rates faded after the US inflation report. Gold futures for June delivery declined by -0.38% to $2,029.30 per troy ounce on

On Tuesday, cocoa prices jumped after the head of the Ghana Cocoa Marketing Company announced the spread of disease in the Ivory Coast. Cocoa futures for July delivery went up by 1.69% to $3,004.00 per

On Tuesday, crude oil prices declined, resulting in its longest drop this year as a more significant pickup is expected by analysts. West Texas Intermediate crude oil for June delivery dropped by -1.07% to $72.38

According to the 2022 Annual Public Interest Accountability Committee Report on Management and Use of Petroleum Revenue released earlier this week, Ghana lost $300 million worth of natural gas in the upstream petroleum sector through

On Friday, natural gas prices dropped due to more vital production brought by record amounts of fuel being drilled from the ground. Natural gas futures for June delivery decreased by -0.77% to $2.07 per million