Oil prices edged higher on Monday as supply disruptions in Kazakhstan and Libya offset concerns over a rapid rise in Omicron infections worldwide. Brent crude was up 24 cents, or 0.3%, at $81.99 a barrel by 0730
Gold prices fell on Wednesday, wiping out earlier gains. This came after U.S. bond yields jumped after the minutes of the Fed’s last meeting. The meeting showed that the Fed might need to raise interest
Due to falling demand and a surge in US fuel inventories, oil prices fell on Thursday. Oil fell from its highest level in more than a month. As of 0727 GMT, the global benchmark Brent
Oil prices fell on Wednesday as gasoline stocks in the United States increased. The decline signals lower demand in the world’s largest oil user despite a major increase of COVID-19 cases linked to the Omicron
OPEC+ have decided to increase their production target by 400,000 barrels per day starting next month. Given the pressure from the United States to increase supply and the absence of new major COVID-19 restrictions, economists were expecting
As Libya tightened supplies before the OPEC+ meeting, Monday, oil prices rose in early Asian trading. Meanwhile, COVID-19 continues to spread, and concerns about declining fuel demand have also limited the growth of black liquid. As of
Gold futures closed lower on Wednesday, but the precious metals closed above the psychological price level. The last decline was even greater, dragging it below $1,800, which has been difficult to maintain above this price
The U.S. crude oil and fuel inventories fell last week, while on Thursday, oil prices continued to rise in early Asian trading. This alleviates investors’ concerns about the increasing number of COVID-19 cases that curb
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