Commodities & Futures News

Commodities & Futures News

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15 Oct

Gold Prices Surge 1% to Hit 3-Month Highs

Gold Prices Surge 1% To Hit 3-Month Highs

Gold prices surged around 1% on Monday, to reach the highest level in three months as a combination of concerns over rising U.S. yields and the impact of trade conflict, along with geopolitical risks and a weaker dollar underpinned demand for the precious metal.

15 Oct

Saudi Arabia Breaks 45-Year Taboo With Veiled Threat to Use Oil as a Weapon

Saudi Arabia Breaks 45-Year Taboo With Veiled Threat To Use Oil As A Weapon

(Bloomberg) -- For 45 years, it’s been considered out of bounds for Saudi Arabia. But all of a sudden, Riyadh made what many read as a veiled threat to use the kingdom’s oil wealth as a political weapon -- something unheard of since the 1973 Arab embargo that triggered the first oil crisis.

15 Oct

Oil Prices Rise Amidst Jitters Over Saudi Arabia

Oil Prices Rise Amidst Jitters Over Saudi Arabia

Oil prices rose on Monday morning in Asia following tensions between the U.S. and Saudi Arabia on the sudden disappearance of a Washington Post columnist Jamal Khashoggi, with whom the Kingdom denied any involvement.

15 Oct

Oil prices rise amid Saudi tensions, but demand outlook drags

Oil Prices Rise Amid Saudi Tensions, But Demand Outlook Drags

BEIJING (Reuters) - Crude oil futures rose sharply on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices.

14 Oct

Crude Oil Prices - Weekly Outlook: October 15 - 19

Crude Oil Prices - Weekly Outlook: October 15 - 19

Market players are likely to stay focused on global crude supplies in the upcoming week, after a pair of closely watched forecasters said world oil stocks are adequate and the outlook for demand is weakening.

12 Oct

Oil Rebounds But Still Ends Week With Biggest Loss Since Q2

Oil Rebounds But Still Ends Week With Biggest Loss Since Q2

Oil prices rebounded Friday from the previous day's rout, but still logged their biggest weekly loss since the second quarter after data showed U.S. drillers ramping up output, even as a second global energy agency said the market was adequately supplied.

12 Oct

Trump will meet China's Xi at G20 if talks look positive: CNBC

Trump Will Meet China's Xi At G20 If Talks Look Positive: CNBC

WASHINGTON (Reuters) - U.S. President Donald Trump would go through with plans to meet with Chinese President Xi Jinping at the G20 summit next month if it looked like it would be a positive meeting, U.S. Treasury Secretary Steven Mnuchin said on Friday.