Oil prices edged up on Friday after the slim progress in Russia and Ukraine peace talks raised the possibility of continued disruption to crude supply. Subsequently, the Brent crude futures increased 1.24% or 1.32 points to $107.96 per barrel. The international benchmark surged nearly 9.00% on Thursday, the most significant percentage gain since mid-2020. Likewise, …
Oil on a higher move on slow Russia-Ukraine talks Read More »
On Thursday, crude oil prices clawed back their previous losses due to the supply shortfall warning of the International Energy Agency. Accordingly, Brent crude futures edged up 2.37% or 2.30 points to $100.35 per barrel. The international benchmark reversed its loss of 1.89% to $98.02 per barrel. At the same time, US West Texas Intermediate …
Gold declined amid the cautious trade on Wednesday as investors looked forward to the US Federal Reserve’s latest policy decision. Accordingly, futures tied to the yellow metal declined 0.46% or 8.60 points to $1,921.05 per troy ounce. It trailed a plunge of 1.59% to $1,929.70 per troy ounce yesterday, hovering around a two-week low. Nevertheless, …
On Tuesday, oil prices slipped to a two-week low as ceasefire talks between Russia and Ukraine eased fears of further supply disruptions. Accordingly, Brent Crude futures for May delivery edged down 5.92% or 6.34 points to $100.71 per barrel. The international benchmark extended a drop of 3.60% to $106.90 per barrel yesterday. At the same …
Oil prices turn to a 2-week low on Ukraine talks Read More »
On Monday, US corn futures stepped lower on the cited progress of the diplomatic efforts to end the war in Ukraine. Contracts tied to the grain fell 1.54% or 11.70 points to $749.38 per metric ton. Still, it trades 14.44% higher in the past month. Accordingly, market sentiment boosted after Ukrainian and Russian negotiators gave …
Corn prices decline as traders assess the Ukraine crisis Read More »
On Friday, crude oil prices are back in positive territory, but on course for their most significant weekly declines since November. Accordingly, Brent crude futures increased 2.82% or 3.14 points to $112.39 per barrel. The international benchmark recovered from a plunge of 1.63% to $109.33 per barrel yesterday. Likewise, US West Texas Intermediate oil contracts …
On Thursday, Gold prices slipped as risk sentiment in the global markets improved, despite escalating concerns on the Ukraine-Russia conflict. Futures tied to the precious yellow metal edged down 0.12% or 2.40 points to $1983.50 per troy ounce. At the same time, spot gold skidded 0.56% or 10.90 points to $1,980.37. It snapped a four-session …
On Tuesday, United States President Joe Biden announced an immediate ban on Russian oil and other energy imports. Remarkably, it is a significant escalation in the international response to Moscow’s invasion of Ukraine. The decision came after the strong support of American voters and lawmakers, targeting the main artery of the Russian economy. Specifically, the …
On Tuesday, Gold extended its most significant weekly advance since July 2020 as the United States eyed a potential ban on Russian oil. Futures tied to the yellow metal were steady at $2,009.00 per ounce. They increased 0.70% or 14.20 points in the current trading session. At the same time, spot gold edged up 0.39% …
On Monday, US gasoline prices at the pump skyrocketed to their highest since 2008 amid the escalating Russia-Ukrainconflictct. The American Automobile Association (AAA) reported that the average regular-grade gasoline posted at $4.07 per gallon. Subsequently, gasoline price provider GasBuddy mentioned that the average price of US gas spiked by nearly $0.41 per gallon. It stands …
US Gas Prices Skyrocketed on Russia-Ukraine Conflict Read More »
On Friday, oil prices remained elevated as fears of a disruption in Russian oil exports outweighed the potential revival of an Iranian nuclear deal. Accordingly, the Brent crude futures edged up 1.80% or 2.00 points to $112.54 per barrel. Then, the contracts linked to West Texas Intermediate increased 2.48%, or 2.67 points, to $110.28 per …
Oil Jumps as Ukraine Conflict Offsets Iran Supply Hopes Read More »
On Thursday, metal prices extended their rally as global stockpiles remained low amid Russia’s increasing economic isolation. Accordingly, aluminum prices significantly hiked 4.60%, or 160.00 points, to a high of $3,638.00 per tonne. Then, US copper futures rose 1.90% or 0.08 points to $4.76 per pound, hovering around a record territory. Similarly, contracts linked to …
Metal Prices Extend Surge on Low Global Stockpiles Read More »
On Wednesday, Crude oil prices extended their rally as supply disruption concerns increased following severe sanctions on key exporter Russia. The Brent crude futures surged 5.60% or 5.94 points to $110.91 per barrel. The international benchmark rose as much as $113.02, the highest since 2014. Similarly, contracts in West Texas Intermediate (WTI) crude hiked 5.50% …
Crude oil rallies as Russian supply concerns rise Read More »
On Tuesday, Gold futures increased as traders digested the impact of sanctions imposed by Western countries against Russia. The safe-haven yellow metal edged up 0.94% or 17.80 points to $1,918.55. It reversed its loss of 0.60% to $1,900.70 during the previous session. Then, the Spot Gold increased 0.67% or 12.69 points to $1,921.86. It followed …
Gold ticks up as Russia sanctions unnerve markets Read More »
On Monday, oil prices surged as the West levied more sanctions on Russia, igniting fears of severe disruption to its oil exports. Brent crude, the international oil benchmark, hiked 5.38% or 5.04 points to $99.16 per barrel. It slightly eased from a high of $105.07 in the early trade. Similarly, the US West Texas Intermediate …
Oil prices surge on mounting sanctions on Russia Read More »
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