Category: Commodity News

Oil
Commodity News

Crude oil steps lower on renewed China COVID curbs

On Tuesday, crude prices skidded amid the fresh COVID-19 curbs in China, the world’s biggest oil importer. The US West Texas Intermediate futures slipped 1.87% to $102.10 per barrel. Similarly, the international Brent crude decreased

TMN - Natural gas
Commodity News

Natural gas prices rallied amid production decline

On Monday, natural gas prices significantly edged up following the latest bullish government inventory report. The US NGAS futures surge 4.56% or 0.28 points to $6.31 metric million British thermal units. This movement extended the

TMN - Copper
Commodity News

Copper prices plunged to a two-year low

On Friday, copper prices traded to a two-year low on heightened fears of a global recession. The commodity may still have room to fall before its role in renewable energy provides long-term support. Accordingly, the

TMN - Corn
Commodity News

Corn prices recover from multi-month low

On Thursday, corn prices took an uptrend after touching a multi-month low level in the previous trading session. The most active maize futures edge up 1.35% or 8.12 points to $608.12 per metric ton. This

TMN - Natural gas
Commodity News

Natural gas futures rise, but downsides reappear

On Wednesday, natural gas prices took an upturn after a harsh beating from the forecasts of cooling demand. US NGAS futures soared 2.34% or 0.13 points to $5.65 per metric million British thermal units. Accordingly,

TMN - Crude
Commodity News

Crude steps up as Norway’s strike disrupt output

On Tuesday, US crude stepped higher as Norwegian offshore workers began a strike, reducing oil and gas output. Accordingly, the West Texas International futures gained 1.45% or 1.51 points to $109.94 per barrel. Meanwhile, the

Commodity News

Copper hit a 17-month low as slowdown fears mount

On Monday, copper prices hovered over a 17-month low as worries about the global economic slowdown intensified. London three-month futures tied to the red metal skidded 2.77% to $8,029.00 per metric ton. This downturn came

TMN - Natural gas
Commodity News

Natural Gas futures rebound after June plunge

On Friday, natural gas prices slightly recovered after slipping yesterday, following the better-than-expected EIA supply report. The US NGAS futures ticked 3.01% or 0.17 points higher to $5.67 per metric million British thermal units. The