The price of gold declined on Tuesday morning in Asia, although persistent inflationary pressuring gave the yellow metal a boost. Investors are waiting for U.S. inflation data later this week. Gold futures dropped 0.04% to $1,821.15 by 12:07 PM ET, remaining near the high of $1,823.21 hit on Monday. The U.S. currency, which typically moves …
Oil prices were mixed on Monday morning in Asia, reversing some earlier losses. Expectations that global supply would remain tight continued as the demand for fuel increases and investors took little notice of the small steps forward in the U.S.-Iran nuclear talks. On Monday morning, Brent rose 0.31% to $93.56 by 11:44 PM ET and …
Brent Oil Futures Added 0.31% While WTI Futures Fell 0.17% Read More »
There are numerous factors that have the potential to affect oil prices. Interestingly, oil prices rose on Friday, extending sharp gains in the previous session as frigid weather swept across large swathes of the United States, threatening to further disrupt oil supplies. Brent crude gained 42 cents or 0.5% to $91.51 a barrel by 07:45 …
Oil prices suffered losses on Thursday following weak U.S. payrolls data as well as some profit-taking. Still, they remained supported by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude dropped 61 cents or 07% to $88.86 a barrel by 09:15 GMT. On Wednesday, Brent crude gained 31 cents. U.S. West …
Oil prices strengthened their positions on Wednesday, heading near a previous seven-year high after OPEC+ decided to stick to its planned output increase despite pressure from major consumers to raise production more quickly. OPEC and its allies, together known as OPEC+, agreed to increase oil production by 400,000 bpd from March according to a source. …
Oil prices fell on Tuesday, staying close to a seven-year high hit last week, weighed by expectations of a rise in U.S. inventories, even though the prospect of a limited production hike by OPEC+ countries as well as solid demand growth lent support. The wider rally was expected to persist, nonetheless. The OPEC and its …
Oil Prices Declined On the First Day of February Read More »
There is no lack of factors that have the potential to affect oil prices. Oil prices rose on the last day of the month as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on course for their biggest monthly gain in almost a year. On Monday, Brent crude …
The Trade minister of South Korea called on the United States on Friday to begin talks to revise the Section 232 tariff rules on South Korea’s steel exports. Several years ago, the U.S. removed tariffs on South Korean steel products, but it was in return for a yearly import quota of 2.63 million tons of …
U.S Tariffs on Steel and Aluminum Affected South Korea Read More »
The price of gold or yellow metal, as some people call it, declined on Thursday morning in Asia, extending its losses after falling the most in two months. Investors continue to analyze a more hawkish-than-expected position from the Federal Reserve amid hints of “imminent” interest rate hike. On Wednesday, the central bank indicated it could …
Gold Fell on Thursday But What About Other Precious Metals? Read More »
The situation regarding Ukraine is not ideal, to say the least. President Joe Biden even threatened to impose devastating sanctions on Russia if Vladimir Putin invades Ukraine. Nevertheless, big corporations and business groups are pushing Biden’s administration and lawmakers to be cautious. A trade group representing General Electric, Chevron, as well as other big corporations …
U.S. Corporations Are Trying to Prepare for Sanctions Read More »
On Tuesday, oil prices rose, recovering some of the previous day’s losses. Interestingly, oil prices rose as growing tensions over Ukraine and the Middle East fuelled concerns regarding possible supply disruptions. Brent crude futures gained 61 cents or 0.7% to $86.88 a barrel at 07:22 GMT. On Monday, Brent crude futures dropped 1.8%. U.S. West …
What is the Connection Between Oil Prices and Tensions? Read More »
Oil prices benefited from tensions around the world. Prices rose on Monday on worries regarding supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East. Brent crude gained 33 cents or 0.4% to $88.02 a barrel by 11:49 GMT. U.S. West Texas Intermediate (WTI) crude added 24 cents or 0.3% to …
Oil prices declined on Friday, after rising to seven-year highs this week. Oil prices fell on Friday after an unexpected rise in U.S. crude as well as fuel inventories and as investors took profits. On Friday, Brent crude futures dropped $1.49 or 1.6% to $86.89 by 10:10 GMT. It earlier declined by as much as …
Oil prices fell on Thursday. Prices declined on indications of rising U.S. stocks and as investors took profits after a recent price rally, but robust demand and short-term supply disruptions continue to support oil prices close to their highest since 2014. Brent crude futures dropped 45 cents or 0.5% to $87.99 a barrel by 12:42 …
Oil prices reached their highest point in several years on Tuesday as possible supply disruption after attacks in the Mideast Gulf added to an already tight supply outlook. Brent crude futures gained $1.02 or 1.2% to $87.50 a barrel by 09:24 GMT. U.S. West Texas Intermediate (WTI) crude futures advanced $1.36 or 1.6% to $85.18 …
Oil Prices Reached Phenomenal Results Due to Tensions Read More »
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