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Crude oil futures were steady Thursday as focus shifted to the upcoming OPEC meeting in Vienna. In what will likely be a contentious meeting, Saudi Arabia is expected to push fellow cartel members into raising output. Iran will be on the other side of the issue. OPEC's press conference will be...

Gold prices were lower Thursday, extending significant recent losses as U.S. stocks continued to fall. August gold settled at $1,270.50/oz, down $4, or 0.3%, the lowest in 2018. In economic news, the Conference Board released a report on Thursday showing a smaller than expected increase by its...

Gold futures continued to fall Thursday morning, hitting 2018 lows as the U.S. dollar rallied. August gold dropped $8 at $1265 an ounce, extending this week's signficant losses. Overseas, the Bank of England decided to keep the key interest rate unchanged, in a split vote, and stood unanimous on...

Crude oil prices fell Thursday as yesterday's rally proved short-lived. After a brief period of bargain hunting helped oil prices steady, prices nosedived this morning amid lingering expectations that OPEC will end its supply quota plan. The cartel meets Friday in Vienna to discuss whether to boost...

Crude oil futures rebounded Wednesday as traders weighed the latest U.S. inventories report. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 5.9 million barrels from the previous week, according to the EIA. The drop was larger than analysts expected. August...

Gold prices were slightly lower Wednesday after Federal Reserve leader Jerome Powell said there is "rising" concern from business leaders about trade tensions. "If you ask, is it in the forecast yet or the outlook? The answer is no. You don't see it in the performance of the economy and we don't have...

Crude oil futures tumbled Tuesday as OPEC geared up for a contentious meeting in Vienna. Saudi Arabia is expected to press for increased output but will face strong opposition from Iran. Russia, the non-OPEC member that has been part of a supply quota plan with the cartel, also wants to ramp up. With...

Gold prices were slightly lower Tuesday, able to withstand another brutal performance from U.S. stocks. Bolstered by its safe haven appeal, gold was down only $2 at $1288/oz. Prices have dropped to the lowest since April, but gold is finding technical support at this level. Global markets were...

Crude oil futures continued to fall Tuesday, part of a global sell-off sparked by trade tensions with the U.S. and most partners. Oil has also suffered from speculation that OPEC will ramp up production after this week's meeting in Vienna. Russian output is also expected to increase after a prolonged...

Gold prices dropped to the lowest since January Tuesday morning amid a widespread sell-off across asset classes. A looming trade war between the U.S. and its largest trading partners has spooked investors. Rising interest rates also threaten to derail the global economic recovery. In Asia overnight,...

Crude oil futures rebounded Monday as traders took advantage of steep recent losses. Prices tumbled late last week amid rumblings that OPEC will soon turn on the spigots following a supply quota agreement with Russia. Saudi Arabia will press its cartel mates to ramp up production at a meeting in...

Gold prices inched higher Monday, trimming recent losses on safe haven demand. U.S. stocks turned in another rough performance, helping gold find its footing after big losses in the previous session. August gold settled at $1,280.10/oz, up $1.60, or 0.1%. Markets have been spooked by trade tensions...

Gold futures were slightly higher Monday, trimming steep losses from the previous session as stocks were set for another rough open. The precious metal may attract bargain hunters this week due to its safe haven value. Gold was up $4 at $1282.90 an ounce, while silver was up a penny at $16.59. On...

Crude oil futures were flat Monday morning after significant losses in the previous few sessions. WTI light sweet oil was steady near $65 a barrel in thin trade. Commodities in general have weakened along with the global economic outlook due to a brewing trade war between the U.S. and China. Also,...

Crude oil futures tumbled Friday, hitting fresh 2-week lows amid expecations OPEC will ramp up demand. Meanwhile, the U.S. shale boom continues. Baker Hughes reported today that the number of active U.S. rigs drilling for oil rose by 1 to 863 this week. Commodities were hammered today along with...

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