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Tag Archives: Commodity

Commodity

Commodity News

Oil Prices Tumble, Jp Morgan Cuts Price Forecast Oil prices fell on Friday as concerns about surging US output and falling demand in China weighed on the contract and JP Morgan cut its price forecast. Brent crude futures LCOc1 settled …

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Commodity

Commodity News

World oil prices retreats Oil prices retreated on Friday after strengthening early in the session as US President Donald Trump’s remarks on trade led the dollar to strengthen against other currencies, weakening greenback-denominated commodities including crude. Trump told Canada and …

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Commodity

Commodity News

World oil prices fall $2 per barrel Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures …

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Commodity

Commodity News

World oil prices stay lower Oil prices fell on Friday, but Brent crude was on track for a sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming U.S. sanctions on Iran. Brent futures LCOc1 …

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Commodity

Commodity News

Oil near multi-year highs Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new US sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping …

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Commodity

Commodity News

World oil hits highest since November 2014 Oil prices rose about 2 percent on Friday, with US crude hitting its highest in more than three years, as global supplies remained tight and the market awaited news from Washington on possible …

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Commodity

Commodity News

Global steel output soars 4pc in March Global crude steel production rose four percent in March as mills in top producer China ramped up output after winter restrictions were lifted and as US producers took advantage of import tariffs to …

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Commodity

Commodity News

Trump rails against high oil prices, OPEC pushes back US President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices, drawing rebukes from some of the world’s top energy exporters. “Looks like OPEC is at it again. With …

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Commodity

Commodity News

Oil rises, makes largest weekly gain since July Oil prices rose on Friday, making the largest weekly gain since July, supported by concerns about the possibility of Western military action in Syria and reports of dwindling global oil inventories. The …

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Commodity

Commodity News

Bahrain takes giant discovery of 80bn barrels of oil Bahrain announced on Wednesday the size of the oil reserves in the giant discovery that it had made, and figures dwarf the proved reserves that the island kingdom in the Persian …

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