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Commodities News

Daily top news about Commodities worldwide, all of them in one site.

Reverse in oil prices caused losses in Asian shares

It’s becoming a rough week for Asian shares as it faces losses at the end of trade this week, February 19, after its near three-week high. Data shows that the sudden reverse in oil prices plus the presence of investors’ watchful sentiment had cause changes like this in the global ...

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Commodity exchanges reap benefits from deepening energy glut

Commodity exchanges reap benefits from deepening energy glut

As the panic in the energy market grows fondly due to the glut in oil production, exchange operators are reaping the benefits as the trading volume continued to soar high. Commodity exchanges reported a high volume jump gaining more than what is forecasted. Reuters reported on Thursday, February 04, that ...

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Gold rises high amidst the turmoil in the global equity market

Gold rises high

After all the turbulence caused by the oversupply of oil in the market, gold extends its gains hitting the new three-month high in the North America trade. This is despite the released data showing the fall of the U.S. durable goods orders and despite the economy’s underlying health concerns. Reports ...

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Dollar weakens again + Iranian oil drops

Dollar weakens once more after downbeat U.S. data

Global market and its economic movement can greatly affect individual lives as consumers and producers of goods. So here are some of the most talked about news in the global market today which you must know. Dollar weakens once more after downbeat U.S. data Unmet expectations are high once more ...

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World metal in focus

World metal in focus

Gold prices are way higher during the pre-holiday season as trading investors are looking up for more indicators in the U.S. economic data which helps strengthen the economy. This is in behalf of the expected light trading volume as we enter the holiday season – Christmas Eve and Christmas day. ...

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Market analysts expecting a rise in the oil stock

New York Mercantile Exchange

Market analysts are expecting a rise in the crude oil stock for about 252,000 barrels despite the announcement done by the U.S. Energy Information Administration last week regarding the decline experienced. This analysis is an outcome based on another data stating that 485.9 million barrels of remaining inventories are still ...

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Iraq and Iran to Overflow Oil Production in 2016

Crude oil rebonded a bit in the Asian session

“Crude oil rebonded a bit in the Asian session as traders took advantage of low prices to purchase the commodity”, as reported by FXEmpire. This is in line with the unexpected drop in the U.S. supplies of crude oil in the market as shown in the American Petroleum Institutes’ inventory ...

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Gold Traders in the midst of Terrorism

Islamist attacks against gold traders

The terrible terrorist attacks that occurred in Europe in recent days, also have a direct impact on the markets. Now are gold traders who attack: Gold Traders in the midst of Terrorism. “Gold speculators are showing ISIS that they are fearless sending the precious metal down another $3 in the ...

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U.S. Crude Futures Up 6% amid the expected lower inventory build last week

U.S. crude oil futures rallied 6%

U.S. crude oil futures rallied 6% last October 28th, after the government announced a rise in crude oil inventory. This has been the strongest one-day move in two months’ time and is in contrast in last week’s projection of having a lower inventory build. However, a drawdown in the gasoline ...

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Gold prices drops 1% ; metal relatively resilient in the EUR terms

Gold prices drop

As the Fed rate hike probability rose to 47% this December and the USD strengthened across the board, gold prices are now down to almost 1%. According to Fxstreet.com, “at USD 1153.00/oz, the metal is heading fast towards the key support at 1146.25 (38.2% of July to October rally). Following ...

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