Mon, August 15, 2022

Commodities

Wibest – Oil Prices: An aerial shot of crude oil storages with oil tanker ships on the background.

Crude Oil Prices Slowly Recover as Tensions Rise

Oil and petroleum prices recovered in Wednesday’s session. Oil futures are now trading in positive territories. The US WTI crude oil futures inched up 0.24 points or 0.42%. Commodities analysts and crude oil traders expected a slow and steady recovery. Crude oil barrels ranged from 56.86 US dollars to 57.27 US dollars in sessions. The …

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Petroleum and Oil Prices trades flat in Wednesday’s session

Crude oil and petroleum futures were seen in the trading flat in today’s session. The oil market continues to weigh on geopolitical tensions in the Middle East and the slowing demand. Brent oil futures, the benchmark for crude oil prices at the Atlantic, went down a mere 0.49 points or 0.79%. Brent oil prices reached …

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Oil and Petroleum Prices Slip Over Possible US-Iran Talks

Oil and petroleum prices went down in Thursday’s trading over the news of possible trade talks between Tehran and Washington. Crude oil WTI futures lost 0.39% or 0.22 points in the session. A barrel of the average oil costs around 56.56 US dollars, compared to its opening price of 56.55 US dollars and its previous …

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Gold USD Pair in Red Territory | Wibest

The gold USD pair is trading in negative regions in today’s session. The precious metal’s safe-haven appeal hasn’t been working effectively on traders and investors in past sessions. XAU/USD prices have declined 0.19% or 2.70 points on Wednesday’s session. Spot gold prices currently trade around $1,403.01 compared against its previous close of $1,405.90. The greenback …

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Wibest – Petroleum: A close up shot of a crude oil refinery

Oil and Petroleum Prices Inches Up After Hurricane Barry

Oil and petroleum products are expected to move upward following the resumption of production in the US Gulf of Mexico. In the previous days, oil and petroleum production in Louisiana and the near region temporarily halted production in preparation for Hurricane Barry. Oil futures shortly declined during the storm. Producers are now restoring output, oil …

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Wibest – Oil and Petroleum: Crude oil workers at work

Crude Oil and Petroleum Prices Slips Against OPEC’s Cuts

Oil and Petroleum prices fall after the IEA or International Energy Agency said that they expect a rise in oil supplies by 2020. The Organization of Petroleum Exporting Countries, otherwise known as OPEC, has agreed during their meeting in Vienna, Austria to cut production until March 2020. The United States Crude Oil WTI futures declined …

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Wibest – Persian Gulf: Oil tanker ship

Oil prices rise as tensions in the Persian Gulf continues

Crude oil prices are currently getting support from demand concerns as tensions in the Persian Gulf region continues to brew. The West Texas Intermediate crude oil futures inched 0.08 points or 0.13%. Crude oil barrels currently trade at $60.28, compared to its previous close of $60.20. Brent oil futures, the benchmark for oil prices outside …

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Pile of Gold bars.

US Fed: After Kicking 1-week high, Gold Prices Stable

On Thursday in Asia, as traders weighed gains in stock markets and expected a potential rate cut by the U.S. Federal Reserve occurred, gold prices were a little moved. The Comex division of the New York Mercantile Exchange traded gold futures for August delivery at $1,421.7 a troy ounce, higher 0.06%. Closing record highs overnight, …

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Stack of gold bars.

Gold Prices Strengthen amid Global Trade Qualms

On Wednesday, in Asia amid global trade worries, gold prices increased. The Comex division of the New York Mercantile Exchange traded gold futures for August delivery at $1,429.75 a troy ounce, up 1.5%. Agreement on resuming trade talks were done by U.S. President Donald Trump and Chinese leader Xi Jinping. Even after White House trade …

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