Category Archives: Commodities

Gold price slips ahead of Trump policy speech

The price of gold fell on Tuesday as financial markets wait to hear what U.S. President Donald Trump has to say about his policies on tax reforms and government spending when he delivers a key speech to Congress this evening.

US crude settles little changed at $54.01, paring losses after report of further OPEC output cuts

Global oil prices dipped on Tuesday on concerns about rising U.S. crude inventories, but futures sharply pared losses in afternoon trade after a Reuters survey showed OPEC cut oil output further in February. U.S. crude stockpiles have been rising for

US crude settles at $54.05, up 6 cents, as bearish stockpile data cut into early gains

Oil prices were little changed on Monday as investors showed record confidence that prices would rise further, but the prospect of faster growth in U.S. oil production capped gains. U.S. West Texas Intermediate futures settled up 6 cents at $54.05,

Gold holds near 3-1/2 month highs, Trump speech on radar

Gold recovered late Monday after sliding in response to Robert Kaplan’s comments. With it’s late-day moves, the precious metal rose to settle at a 3-1/2 month high. Kaplan, a voting member on The Fed’s policymaking committee, reiterated his view that

Oil prices up but gains pared after 7th straight stock build

By Catherine Ngai | NEW YORK Oil prices rose but gains were pared Thursday after U.S. government data showed a seventh straight build in crude stocks, suggesting high inventories could undermine OPEC’s move to cut output. Benchmark Brent crude oil

Oil falls on worries over swelling U.S. stockpiles

By Devika Krishna Kumar | NEW YORK Oil prices fell more than 1 percent on Wednesday on expectations of another surge in U.S. inventories, retreating from multi-week highs hit in the previous session after OPEC signaled optimism over its deal

Oil rises 1 percent as OPEC sees higher compliance with cuts

By Devika Krishna Kumar | NEW YORK Oil prices ended about 1 percent higher after touching three-week highs on Tuesday on OPEC’s optimism for greater compliance with its deal with other producers including Russia to curb output in an effort

Oil rises in thin trade, but swelling U.S. output caps rally

By Devika Krishna Kumar | NEW YORK Oil prices inched higher on Monday, as investor optimism over the effectiveness of producer cuts encouraged record bets on a sustained rally, although growing U.S. output and stubbornly high stockpiles kept price gains

Gold rises as dollar gives up gains; US rates in focus

Gold rose on Thursday as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as a hedge against political uncertainty in the United States and Europe. Spot gold rose 0.63 percent to $1,240.31

US crude settles at $53.36, up 25 cents, as OPEC signals possible output deal extension

Oil prices were choppy on Thursday following reports OPEC could extend its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories failed to drop to a targeted level. Benchmark Brent crude was down 4