Commodity closes the week with reasonable prices and leaves the Market in a positive atmosphere. On Friday, the U.S. benchmark West Texas Intermediate (WTI) crude oil fell 33 cents to close at $63.13 per barrel.
Oil prices fell on Thursday but were trading near their highest level in a month. They were sustained by more optimistic forecasts for demand issued this week by the International Energy Agency and OPEC. The
Crude oil has received a substantial boost and broke above the consolidation zone where it was stuck. The WTI was very strong during the trading session on Wednesday. Partially, it was due to inventory data
During Tuesday’s session, WTI crude oil prices have risen very slightly and have continued to swing around the $60 range. The oil continues uphill, and WTI is up 1.10% on Wednesday. It reached $61.28, the
Copper fell on Monday on the fear that China, the largest consumer of metals, wants to put caps on commodity prices to avoid possible inflation. The market is also pressured by faltering demand and higher
Surging US Treasury yields weighed on gold. The precious metal dropped by 0.3% to $1,738.12 per ounce on Monday. Gold futures decreased by 0.4% to $1,737.70 per ounce. In the first quarter of 2021, gold
Since August of 2020, the price of gold has been declining until it stabilized around $1,730-1,740 an ounce, which is the level it currently holds. However, analysts are optimistic about the prospects for gold. Factors
After hearing about the improvement in the United States and China’s service sectors, large consumers of crude oil, the oil price rose today. Increased COVID-19 vaccinations raised prospects for more robust global economic growth. The
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