Category: Commodities

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Gold Loses Some Sheen as Hawkish Fed Outweighs Softer Inflation

Gold Loses Some Sheen as Hawkish Fed Outweighs Softer Inflation

Gold prices retreated on Friday, as hawkish comments on interest rate hikes by the Federal Reserve outweighed optimism over signs of cooling U.S. infl [...]
Oil prices set for weekly climb, but cloudy outlook caps gains

Oil prices set for weekly climb, but cloudy outlook caps gains

Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook ca [...]
Oil bounces as China, U.S. data ease recession concerns

Oil bounces as China, U.S. data ease recession concerns

Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on U.S. jobs and Chinese exports data that ea [...]
OPEC+ might have to raise oil output so market doesn’t overheat, Kazakhstan says

OPEC+ might have to raise oil output so market doesn’t overheat, Kazakhstan says

OPEC+ might have to raise oil production to avoid market overheating, OPEC+ member Kazakhstan said on Wednesday, as the group of oil producers meets a [...]
Oil Prices slip After weak Chinese data, OPEC+ Meeting Looms

Oil Prices slip After weak Chinese data, OPEC+ Meeting Looms

Oil prices sank on Monday after an unexpected drop in Chinese factory activity raised concerns over slowing crude demand in the world’s second-largest [...]
Gold Up over Less Hawkish Comments of Fed’s Powell

Gold Up over Less Hawkish Comments of Fed’s Powell

Gold was up on Thursday morning in Asia as comments from the U.S. Federal Reserve Chair Jerome Powell on future interest rate hikes sounded less hawki [...]
Oil extends gains as risk appetite improves, U.S. inventories fall

Oil extends gains as risk appetite improves, U.S. inventories fall

Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors as lower crude [...]
Oil rises on U.S. inventory drop, Russian gas cuts

Oil rises on U.S. inventory drop, Russian gas cuts

Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern abou [...]
Equinor returns another $3 billion to owners as Q2 profit beats forecast

Equinor returns another $3 billion to owners as Q2 profit beats forecast

Equinor will return additional $3 billion to shareholders, the Norwegian oil group said on Wednesday after reporting better-than-expected second-quart [...]
Europe seeks compromise deal on gas use as Russia cuts supply

Europe seeks compromise deal on gas use as Russia cuts supply

European Union countries are set to approve a weakened emergency proposal to curb their gas demand on Tuesday, with opt-outs allowing them to follow d [...]
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