Category Archives: Commodities

Dollar cuts gains, raising gold prices

Gold regained its footing Wednesday in response to the dollar shedding some of its gains. Earlier in the day, gold fell after stronger than expected U.S. inflation and retail sales on Wednesday added to expectations of near-term U.S. interest rate

US crude settles at $53.11, down 9 cents, after US stockpiles soar to record

Oil futures fell slightly on Wednesday as record high U.S. crude and gasoline inventories fed concerns about a glut. Trade was choppy and losses were limited by evidence that OPEC and other producing countries were complying with agreed-upon supply cuts.

US crude settles at $53.20, up 27 cents, as US supply concerns offset OPEC cuts

Oil pared gains on Tuesday as concerns about rising supply from U.S. shale output overshadowed an OPEC-led effort to cut global output, which has supported oil prices in a higher range. U.S. light crude oil ended Tuesday’s session 27 cents

Gold pares gains as dollar firms on Fed’s Yellen testimony

Gold came off its highs on Tuesday, as the dollar advanced after U.S. Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting with the economy expanding further. The Federal

Gold prices firm ahead of testimony by Fed’s Yellen

Gold prices firmed on Tuesday as investors turned their attention to testimony from U.S. Federal Reserve Chair Janet Yellen later in the day for hints on the central bank’s interest rate strategy. Spot gold was mostly unchanged at $1,225.84 per

Oil rises on OPEC-led cuts, but market remains range-bound

  Oil rose on Tuesday, supported by an OPEC-led effort to cut output, but rising production elsewhere kept prices within the narrow range that has contained them so far this year. Brent crude futures, the international benchmark for oil prices,

Oil prices slide after API reports 14.2 million barrel US crude stockpile increase; gasoline stocks also rise

Oil prices extended losses on Tuesday after an industry group reported a far larger rise in weekly U.S. crude stockpiles than anticipated. U.S. crude oil in storage rose by 14.2 million barrels last week, according to the American Petroleum Institute.

Gold drifts lower as dollar climbs on European uncertainty

Gold slipped from a near three-month peak on Tuesday, pressured by a strong dollar as the euro fell on nervousness ahead of the French elections and weak German industry data. Spot gold was down 0.17 percent at $1,232.84 per ounce.

U.S. May Export More Oil in 2017 Than Four OPEC Nations Produce

U.S. crude exports are poised to surpass production in four OPEC nations in 2017 and may grow even more if President Donald Trump honors pledges to ease drilling restrictions and maximize output. The world’s largest oil-consuming country could sell as

Electric Cars Could Cause Big Oil This Much Damage

The growth of battery-powered cars could be as disruptive to the oil market as the OPEC market-share war that triggered the price crash of 2014, potentially wiping hundreds of billions of dollars off the value from fossil fuel producers in