Commodity News
Gold Price Futures
Gold futures are trading lower late on Friday, but they are still trading near the session low. The market plunged over 3% to its lowest level since August 12. An unexpected boost in U.S. retail
Category: Commodity News
Commodity News
$100 Billion Climate Funding Goal
According to (OECD), wealthy countries likely failed a goal of contributing $100 billion to helping developing countries deal with climate change last year. They failed even after funding increased by less than 2% in 2019.
Commodity News
Oil Prices Jump After the Drawdown in U.S. Stocks
Oil prices jumped more than $2 per barrel on Wednesday as official data revealed a larger-than-expected drawdown in U.S. oil stocks, as well as expectations that demand will rise as vaccination roll-outs expand. According to
Commodity News
Oil Is Still Stable, but Gold Is Under Pressure
Despite lower-than-expected US CPI statistics, oil prices stayed strong Wednesday. Both Brent crude and WTI rose slightly, putting prices at the top of their September ranges. Despite other components bringing down the total number, the
Commodity News
Coalition-Anti-Oil Greens Sidelined
Norway’s main opposition Labour Party will begin coalition negotiations to form a government on Tuesday. This will come after the ruling Conservatives lost control of parliament in parliamentary elections. The anti-oil Greens failed to get
Commodity News
Gold Falls as The U.S. Dollar Strengthens
Gold was lower in Asia on Monday morning as the dollar strengthened further. Investors are now looking to U.S. data for more information on the Federal Reserve of the United States’ timetable for beginning asset
Commodity News
Oil Prices Rose, China Announced Plans
Oil prices gained on Friday as pressure signals in US markets increased following Hurricane Ida’s impact on offshore output. Brent crude futures for November were up 63 cents, or 0.9 percent, to $72.08 per barrel
Commodity News
Oil Advanced Amid U.S. Production Halted by Hurricane
Oil prices rose as production in the United States slowly resumed after being suspended by Hurricane Ida more than a week ago. On Wednesday, futures in New York finished 1.4 percent higher. According to the
