Crude oil prices are getting support from the most advanced weekly US government inventory report and fiscal stimulus beliefs. With countries globally rolling out their COVID-19 vaccines, investors are confident that global demand will proceed to grow in the months to come. March West Texas Intermediate (WTI) crude oil futures rose $1.03, or 1.88%, to …
Some analysts hypothesized that binding supplies and growing demand in the United States were the cause of crude rally. The USA’s winter fuel demand following New York and the neighboring region got slapped with the most severe snowstorm in recent years. Last week, the Energy Information Administration announced that US inventories of crude oil fell …
March silver futures pinned $2.921, or 10.85%, to $29.835 per ounce at 12:53 GMT on Monday on the New York Mercantile Exchange’s COMEX division. The white metal had sold as high as $30.35 before trimming some of its massive profits. Silver is coming off a weekly gain of approximately 6% and a monthly weight of …
April gold futures raised $21.40, or 1.16%, to $1,859.30 per ounce at 15:48 GMT on Friday on the New York Mercantile Exchange’s COMEX division. Gold will post a weekly advance of 0.2% and a January slip of around 2.2%. Silver, the relative commodity to gold, is rising for the second continuous session. March silver futures …
Gold And Silver Increase on the NYMEX’s COMEX division. Read More »
The most advanced natural gas prices movement has stumped market analysts. They had predicted a descending trend for the energy commodity. This is due to the fact that winter has mostly avoided some of the biggest natural gas consumers this season. March natural gas futures dropped $0.07, or 2.59%, to $2.632 per million British thermal …
Natural Gas Declines On Lower-Than-Expected Supply Drawdown Read More »
It might have been a session of rough trading. However, market analysts consider that crude oil could restart its rally quickly following this week’s supply data and the developing COVID-19 situation in China. March West Texas Intermediate (WTI) crude oil futures fell $0.08, or 0.15%, to $52.53 per barrel at 19:47 GMT on Wednesday. US …
The agricultural commodity had caught a hit on profit-taking and South America’s weather conditions developing to enhance crop yield prospects. However, could soybean prices retest $14? March soybean futures proposed $0.2875, or 2.14%, to $13.7225 per bushel at 15:55 GMT on Tuesday on the Chicago Board of Trade (CBoT). Notwithstanding last week’s slide, soybean prices …
March copper futures fell $0.012, or 0.33%, to $3.614 per pound at 13:49 GMT on Monday on the New York Mercantile Exchange. The red metal is getting off a moderate weekly increase of 0.3%. This increases its growth in the first month of the calendar year to just under 3%. Over the last 12 months, …
Copper Drops As The New Coronavirus Outbreaks In China Read More »
Monday has placed investors in a celebratory mood and supporting them to take riskier moves. Consequently, more risky assets (like crude oil) rallied, while more reliable assets (such as gold) failed. The Asian stocks showed a broad-based rally throughout the Asian trading session on. Market analysts consider, though, that the commodities may still convert their …
March corn futures hit up $0.065. 1.25%, to $5.285 per pound at 14:15 GMT on Thursday on the Chicago Board of Trade (CBoT). Corn is on course for a weekly decline of around 1%. However, it has had a great start in 2021 by raising almost 9% in the calendar year’s few trading weeks. In …
Corn Price Increases On Potential Argentina Export Fee Read More »
The agricultural commodity fell, notwithstanding the Russian government announced its intention to increase its export tax on wheat for a second time. This is important news for the grains market. Russia is one of the leading suppliers of wheat, and US production is projected to tighten in the following months. Can wheat quickly test the …
Wheat Drops Notwithstanding Russia Increasing Export Tax Read More »
Thanks to rising foreign demand and more cutting supplies, soybean prices had been trading at their most favorable levels in almost seven years. Is this a case of a simple near-term drop or a part of a larger downward trend for the commodities sector? March soybean futures fell $0.1975, or 1.39%, to $13.97 per bushel …
Soybean Drops Under $14 As Investors Gain Profit Read More »
The yellow metal is getting off a weekly loss as bullion prices hit a strengthening US dollar. Gold was also affected by President-Elect Joe Biden’s stimulus, and relief spending plans that investors think lawmakers will not allow a large portion. In these unsettled times, where is the precious metal directed? February gold futures turned on …
The precious metal’s fall was increased by producer prices growing less than anticipated. But gold prices may have narrowed their losses following the Federal Reserve announced that it would not be exiting from its accommodative monetary management strategy anytime soon. February gold futures plunged $23.60, or 1.27%, to $1,827.80 per ounce at 15:39 GMT on …
February natural gas futures dropped $0.036, or 1.34%, to $2.653 per million British thermal units (BTU) at 16:10 GMT on Thursday on the New York Mercantile Exchange. Natural gas is trading smooth for the week, but it has been on a tear throughout the first two weeks of the calendar year, surging nearly 5%. …
NATURAL GAS DROPS BIGGER-THAN-EXPECTED SUPPLY DRAWDOWN Read More »
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