logo

Commodities

Share SHARE

Crude oil futures jumped to their highest in two years Friday amid supply interruptions in North America and expectations that OPEC will extend its output cuts through 2018. January oil ended up 93 cents, or 1.6%, at $58.95/bbl in thin holiday trade as many traders in the US remained on Thanksgiving...

Gold prices fell Friday to post the first weekly drop in three weeks. December gold settled down $4.90, or 0.4%, at $1,287.30/oz, as traders weighed a overseas economic data on an abbreviated session. Markets in the U.S. closed early as part of the Thanksgiving holiday. Japan's manufacturing...

Gold futures were lower Friday morning ahead of Friday's abbreviated session on Wall Street. Gold was down $4 at $1292 an ounce, trimming this week's gains. Stocks were set to open higher, limiting gold's safe haven value. The Markit Economics Purchasing Managers Index or PMI for November will...

Crude oil futures continued to rise Friday morning in thin trade after the Thanksgiving holiday. Traders expect that OPEC next week will extend its supply quota plan through 2018 in hopes of re-balancing the oil market and driving prices north of $70 a barrel. Russia is now said to have agreed...

Crude oil futures rose sharply Wednesday, even after the government reported a relatively small drawdown in U.S. oil stockpiles. The Energy Information Administration said stockpiles dwindled by 1.9 million barrels for the week to November 17. Yesterday, the American Petroleum Institute reported...

Crude oil futures were sharply higher Wednesday morning after industry data showed a significant decline in U.S. inventories. API reported a draw of 6.356 million barrels of crude oil. Gasoline saw a build of 0.87 million barrels. The EIA is out with the government's report this morning. Meanwhile,...

Gold was flat Wednesday morning ahead of the final U.S. data releases before the Thanksgiving break. Gold was up $2 at $1288 an ounce in quiet dealing. The Federal Open Market Committee's minutes of the nost meeting is expected at 2.00 pm ET. They are expected to signal a rate hike is imminent...

Crude oil futures were slightly higher ahead of U.S. inventories data. The American Petroleum Institute offers its industry survey this afternoon, while the Energy Deparment is out with official numbers tomorrow morning. Both agencies have reported significant increase in stockpiles over the past...

Gold futures edged higher Tuesday even as rising stocks dented the precious metal's safe haven appeal. Gold rose $4.90 to $1280.20 an ounce, staying in a fairly tight trading range over the course of the session. The Dow Jones Industrial Average surged up 180 points to 23,612, taking back recent...

Crude oil futures were flat Tuesday morning ahead of U.S. inventories data. The American Petroleum Institute offers its industry survey this afternoon, while the Energy Deparment is out with official numbers tomorrow morning. Both agencies have reported significant increase in stockpiles over the...

Gold futures were steady Tuesday morning after losing ground in the previous session. Gold was up $2 at $1278 an ounce. Traders continue to weigh news that Fed Chair Janet Yellen will leave the central bank altogher when she is replaced at the top by Jerome Powell after January. On the economic...

Crude oil prices fell Monday as a stronger dollar hurt most commodities. The greenback rallied on political turmoil in Germany and upbeat U.S. economic news. Oil has come under pressure of late due to speculation that global supplies will continue to outpace demand. OPEC meets next week to determine...

Gold futures tumbled Monday as stocks rebounded to dent the precious metal's safe haven appeal. Traders expect the Federal Reserve will raise interest rates in December, further diminishing gold's shine. Gold was down $20.10 at $1276.40 an ounce, a decline of 1.5%. Silver plunged 48 cents, or...

Crude oil futures fell Monday as the dollar rallied on political turmoil in Germany. Chancellor Angela Merkel's fragile leadership position is risked by her inability to form a coaltion over the weekend. Meanwhile, officials reportedly think the horrible Keystone pipeline spill could take months...

Gold futures were slightly lower Monday morning, giving back early gains despite lingering geopolitical tensions and uncertainties in Germany. Gold was down $4 at $1292 an ounce, having risen sharply in the previous session. German government coaltion talks broke down over the weekend, putting...

Follow RTT