Commodities Category

Gold rates are approaching their lowest in three months, while silver prices are also down Gold prices in plummeted to near three-month lows ahead of the release of monthly US inflation statistics, which experts believe would have an influence on the Federal Reserve’s monetary policy stance. Later in the day, at 6 p.m., the US

Crude Oil Prices May Fall Further Following Saudi Price Cut Following a significant overnight decrease, WTI crude oil prices were expected to fall further in Asia-Pacific trade. Bloomberg reported that the European Union is modifying its stance on a potential embargo on Russian oil, which appeared to trigger the most of the selling. Hungary’s objections

Oil falls due to global economic fears, ahead of the EU decision on Russia’s oil ban Oil prices fell on Monday, along with Asian stock markets, on worries of a worldwide recession reducing oil consumption, with investors eyeing European Union discussions on a Russian oil embargo, which is likely to constrain global supply. By 0153

Supply fears continue, oil prices climb, despite stock market declines Crude prices rose for the third day in a row on Friday, shrugging aside concerns about global economic growth as fears about tighter supply supported prices ahead of an imminent European Union ban on Russian oil. Brent futures were up 84 cents, or 0.8 percent,

Opec+ expects a minor increase in oil production as demand dented by China Covid-19 rules Opec+ members are anticipated to agree on a small rise in oil output on Thursday (May 5), boosted by threats to demand due to coronavirus restrictions in China. Russia’s invasion of Ukraine has further heightened supply fears, which have been