Oil prices slipped on Thursday. It let go of earlier gains after news said OPEC officials failed to agree on deeper production cuts amid a sharp drop in global demand growth. US crude futures lost
Gold prices slid steeply on Tuesday and retraced some positive gains in January. Risk appetite recovered after the Chinese central bank said it would support the economy because of the damage the coronavirus is doing
Oil prices slipped on Friday as sentiment continued to be weak. China’s industrial base got ready to impose extreme measures to halt the rapid spread of the coronavirus. US crude futures were 0.6% weaker at
The price of oil surged after Yemen’s Houthi rebels said they attacked an oil facility in Saudi Arabia. West Texas Intermediate for delivery in March gained 48 cents to $53.96 per barrel on the New
Bulls are in trouble this Monday as the downward momentum from last week continues in today’s trading. Nothing bat pure bad fundamentals are causing prices to stumble along from nearly $60 to around $53 in
Last Thursday, in the oil inventory report, prices tumbled to their lowest in seven weeks. The decline of over 1% happened as worries regarding the spread of a respiratory virus from China may harm fuel
In a news report lately, U.S. natural gas prices inched down to its lowest level since 2016. To add, the daily consumption plunged by 2.2% compared to the preceding week. Unfortunately, the U.S. gas industry
Recently, oil prices became stable in the commodity market. It happened as reports of slow-moving economic growth in China lifted concerns over fuel demand. Moreover, the matter has countered confidence from the signing of a
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