On Wednesday, crude oil kept its almost 10-month high-rise due to the lower outputs are supportive of prices. West Texas Intermediate (WTI) oil futures for October exports gained by 0.25% to $89.06 per barrel. While Brent for November delivery climbed by 0.17% to $92.22 per barrel. Given the tight production, oil spot price soared on …
On Thursday, crude oil prices rose after the US government data reported weaker crude inventories, but Chinese economic issues limited gains. West Texas Intermediate crude oil futures for October delivery jumped by 0.04% to $81.66 per barrel on August 31. Likewise, Brent oil contracts for November exports went up by 0.05% to $85.28 a barrel. …
Oil Prices Gained from US Data Showing Tight Supply Read More »
On Wednesday, natural gas prices fell due to less hot weather and weaker gas usage than expected next week. Natural gas futures for October delivery declined by -0.60% to $2.66 per million British thermal units on August 30. The commodity reported slight losses brought by a mixed weather forecast. As a result, the demand for …
Natural Gas Prices Slid amid Unfavorable Weather Forecasts Read More »
On Friday, soybean prices plummeted and are poised for a weekly decline amid slowing demand from the top importer, China. Besides, the latest US weekly reports weighed on the bearish cost. At the time of writing, the price of CBOT soybean futures for May was trading lower by 0.41% to $1,490.88 per metric ton. An …
The price of crude oil plummeted to its lowest level in around three weeks on Thursday due to a firmer USD and Fed rate hike expectations. At the time of writing, the US West Texas Intermediate plunged by 1.96% to $77.69 per barrel. Likewise, the Brent contract declined by 1.82% to $81.61 a barrel. Both …
Crude Oil Price Hit a Three-Week Low Amid Robust Greenback Read More »
On August 26, the prices of gold were trading in the red ahead of Federal Reserve Chairman Jerome Powell’s speech at the annual Jackson Hole symposium. At the time of writing, the US futures for the yellow metal were down by 0.60% to $1,760.20 per troy ounce and spot prices also declined by 0.60% to …
Gold weakens as traders eye Powell’s Jackson Hole talk Read More »
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