Gold was falling on Friday morning in Asia. The yellow metal was placed to end the week on a down note as the dollar increased and uncertainty over the U.S Federal Reserve’s timeline to create asset tapering grows. Gold futures cut down 0.03% to $1,799.45 at 12:27 AM ET (4:27 AM GMT) and was beneath …
Gold was sinking on Friday morning in Asia. The yellow metal was placed to close the week on a sad note as the dollar climbed and uncertainty over the U.S Federal Reserve’s timeline to begin asset tapering grows. Gold futures cut falling 0.03% to $1,799.45 by 12:27 AM ET (4:27 AM GMT) and were beneath …
Oil launched amid a slow resumption of U.S. production reduced by Hurricane Ida more than a week ago. Futures in New York ended 1.4% higher on Wednesday. The Bureau of Safety and Environmental Enforcement stated that around 77% of U.S. Gulf of Mexico crude production continues shut-in nine days following Ida made landfall in southeast …
Oil rises with Ida`s influence on U.S. offshore supply Read More »
It was an unfortunate night for commodities in general overnight. Base metals declined, with aluminum giving back significant of its Guinea gains. With New Yorkers worried regarding US growth to start the week, pointing to haven US Dollar strength, oil prices also weakened. Brent crude reduced by 0.80% to $71.50, and WTI declined by 0.70% …
Gold was falling on Monday morning in Asia but continued under a two-and-a-half-month high. A limited U.S. jobs report indicated that the U.S. Federal Reserve could pause its asset tapering timeline, supporting the yellow metal. Gold futures fell 0.30% over $1,828.25 at 12:15 AM ET (4:15 AM GMT) following running $1,833.80, its highest level after …
Gold drops but reverts to a near three-month high Read More »
Oil prices were mixed on Friday following a substantial increase in the previous session on a lower dollar and a drop in U.S. crude stocks. They were established for modest weekly profits ahead of a highly expected U.S. monthly jobs report. Brent crude futures were higher 13 cents, or 0.2%, to $73.16 per barrel at …
Gold was up in Asia on Friday morning, eking out modest gains as the dollar fell. Investors are now waiting for the latest U.S. jobs data to see how the Federal Reserve will go with asset purchases and interest rate hikes. Gold futures rose 0.08 percent to $1,812.95 at 1:13 a.m. ET (5:13 a.m. GMT) …
U.S. oil and gas business attempted to take offshore services back up and to work on Thursday as the extent of Hurricane Ida’s damages displayed more apparent. Ida’s 150-mile-per-hour (240 kph) blows created a direct punch to the nation’s energy base. Approximately 80% of the Gulf of Mexico’s oil and gas production continued offline in …
U.S energy companies fight to shake off Ida`s toll Read More »
Oil prices improved on Wednesday following a U.S. industry report that showed crude inventories dropped more than anticipated last week. This steadied following overnight losses from the influence of Hurricane Ida on U.S. refineries. Prices surged ahead of the OPEC+ conference at 1500 GMT. The Organization of the Petroleum Exporting Countries (OPEC) and Russia and …
Oil prices slid on Tuesday between worries that power outages and flooding in Louisiana following Hurricane Ida will lower crude demand from refineries while global producers intend to raise production. Lower manufacturing data from China also pulled down the prices, where factory activity expanded slower in August associated with the previous month. U.S. West Texas …
Oil drops as hurricane influences on U.S. refining Read More »
Hurricane Ida approached landfall on Sunday as a Category 4 storm near Port Fourchon, Louisiana, hitting critical U.S. oil infrastructure with blows upward to 150 miles per hour (240 km per hour). The Louisiana Offshore Oil Port (LOOP), the most prominent privately-owned crude terminal in the United States, delayed deliveries ahead of the storm after …
Hurricane Ida crashes the critical U.S. oil port Read More »
According to the latest news, Colonial Pipeline officials will temporarily shut down Lines 1 and 2, from Houston to Greensboro, N.C. The decision came after the landfall of Hurricane Ida on Sunday afternoon as a precautionary and routine safety measure. Company officials announced that the fuel supply will be available at stations across the southeast. …
Colonial Pipeline closes 2 gas lines due to Hurricane Ida Read More »
Gold was falling on Thursday morning in Asia, with investors careful ahead of a U.S. Federal Reserve conference that could present suggestions to a timeline for asset tapering. Gold futures crept down 0.10% over $1,789.15 near 12:16 AM ET (4:16 AM GMT). They dropped 0.7% through the past session, the largest one-day drop in more …
Gold falls but moves ahead of Fed`s Jackson Hole conference Read More »
Gold was falling on Tuesday morning in Asia but settled over the $1,800 level. Hopes are also building that the U.S. Federal Reserve could pause its planned asset tapering thanks to the ongoing spread of coronavirus. Gold was more up on Monday morning in Asia, with the greenback remaining close to multi-month highs. Nonetheless, remaining …
Gold was higher on Monday morning in Asia, with the dollar continuing near multi-month highs. Nevertheless, lingering worries regarding the spread of coronavirus globally and its influence on the economic improvement turned investors towards the yellow metal. Gold futures were more above $1,788.95 to 0.28% by 12:26 AM ET (4:26 AM GMT). The dollar, which …
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