Commodities News
Economies.com provides the latest news and fundamental analysis about Commodities. In this section you may read about all the international economic and political events affecting the commodities rates such as the Precious Metals (Gold, Silver, etc) as well as Crude Oil, Brent Oil, Platinum etc.
Oil prices rally to two-week high ahead of OPEC+ meeting
2023-11-30 12:33PM UTC
Oil prices rose in European trade on Thursday, extending gains for the third straight session, with US crude hitting a two-week high, while Brent scaled a three-week high ahead of the OPEC+ ...
Amid dispute about production quotas, what are the likely scenarios for the OPEC+ meeting?
2023-11-30 10:54AM UTC
Global oil markets await the crucial OPEC+ ministerial meeting later today to discuss production policies for 2024 and allot new production cuts to member countries.
The meeting was delayed ...
Gold on track for second monthly profit in row
2023-11-30 08:59AM UTC
Gold prices declined in European trade off 6-1/5 month highs on profit-taking while the dollar rebounds after important US data.
Gold is still on track for the second monthly profit in a row ...
Oil climbs 1.5% before OPEC+ meeting
2023-11-29 21:05PM UTC
Oil prices rose on Wednesday even as US crude stocks rose unexpectedly, ahead of the OPEC+ meeting decisions tomorrow.
The Energy Information Administration reported a surprise ...
US crude stocks rise unexpectedly last week
2023-11-29 16:06PM UTC
The Energy Information Administration reported a surprise increase in US crude stocks last week by 1.6 million barrels to 449.7 million barrels, while analysts expected a drop of 100 thousands ...
Nickel extends gains even as dollar edges up
2023-11-29 15:57PM UTC
Copper prices fell on Wednesday as the dollar gained ground amid concerns about the Chinese economy, the world's largest metals consumer, while nickel extended gains.
Panama's president said ...
Oil prices rise for second straight session
2023-11-29 12:28PM UTC
Global oil prices rose in European trade on Wednesday for another session, hitting a week high as the dollar declines against a basket of major rivals.
Initial data from the American ...
Gold extends gains to six-month high ahead of US growth data
2023-11-29 08:56AM UTC
Gold prices rose in European trade on Wednesday, extending gains for the fifth straight session, and scaling a six-month high as the dollar and US treasury yields declined.
Recent bearish ...
Palladium declines on profit-taking
2023-11-28 18:24PM UTC
Palladium prices declined on Tuesday even as the dollar lost ground against most major rivals, however, palladium was pressured by profit-taking following recent gains.
Dollar declined ...
Oil prices climb for first time in 5 days ahead of OPEC+ meeting
2023-11-28 12:22PM UTC
Global oil prices rose in European trade on Tuesday on track for the first profit in five days amid expectations OPEC+ will extend and deepen current production cuts.
Traders also ...