logo

Commodities

Share

Crude oil futures reversed course Tuesday, unable to extend 4-year highs as U.S. stocks were hammered. Oil, which has been rising on speculation of strong global demand, was dented today by profit taking and Iran's resistance to further supply cuts. WTI light sweet oil was down 80 cents at $67.86. Iran...

Gold prices fought back Tuesday, supported by safe haven demand due to falling U.S. stocks. Significant losses on Wall Street overshadowed today's economic news, most of which was related to the housing market. At last check, gold was up $8 at $1332 an ounce, improving from a monthly low. U.S....

Crude oil futures nudged higher Tuesday, staying near the highest since 2014 amid speculation OPEC will continue to reduce supplies. WTI light sweet oil for June was up 20 cents at $68.85 a barrel. Iran has reportedly nixed a formal extension of the cartel's supply quota plan with Russia, but Saudi...

Crude oil futures rose Monday, rebounding to 4-year highs despite signs that Iran will nix the extension of OPEC's supply quota plan with Russia. Iran's oil minister Bijan Zanganeh, speaking to Iran's news service Shana, said that if oil prices continued to rise, there will be no need to extend the...

Gold futures tumbled to a monthly low Monday, as rising stocks and mediocre eurozone economic data boosted the US dollar. The greenback jumped to its highest in three months, denting commodities. June gold dropped $14.30, or 1.1%, to settle at $1,324/oz. A report released by the National Association...

Gold futures were lower Monday morning ahead of a trio of U.S. economic reports. Gold was down $9.20 at $1329 an ounce, extending last week's decline. On the economic front, the Chicago Fed National Activity Index for March will be issued at 8.30 am ET. The consensus is for 0.29, down from 0.88...

Crude oil futures were lower Monday morning despite hopes that OPEC's output cuts have offset the U.S. shale boom. WTI light sweet oil for June was down 71 cents to $67.69 a barrel on the first day as the front-month contract. UAE oil minister was on CNBC bragging that the cartel has a "noble...

Gold futures fell Friday to post a weekly loss. June gold settled at $1,338.30/oz, down $10.50, or 0.8%. Prices were down 0.7% for the week. Analysts say the likelihood of three more Federal Reserve rate hikes this year has dented gold prices, particularly in light of this week's hawkish Beige Book.

Crude oil futures fell Friday after President Donald Trump blasted OPEC for trying to artificially boost prices. "Looks like OPEC is at it again," he wrote. "With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will...

Gold futures were slightly lower for second day Friday in the absence of first-tier U.S. economic data. Gold was down $4.30 at $1345 an ounce, trimming modest weekly gains. In the euro zone, data released by Destatis showed Germany's producer price inflation to have risen to 1.9 percent in March...

Crude oil futures pulled back Thursday after hitting multi-year highs, even as OPEC bragged that the global oil glut is all but gone. Reuters reports that OPEC officials claim their supply quota plan with Russia has had the intended effect of re-balancing the global oil market. Still, the cartel...

Gold prices edged lower Thursday, ending a modest win streak amid confidence in the U.S. and global economy. June gold fell $4.70, or 0.4%, to settle at $1,348.80/oz. The index of leading U.S. economic indicators increased in line with economist estimates in the month of March. The Conference...

Gold prices were lower Thursday, trimming gains from earlier in the week. Traders considered data showing U.S. jobless claims stayed at a 45-year low, Initial jobless claims dipped 1,000 to 232,000 in the week ended April 21, in line with forecasts. Strength in the jobs sector and rising inflation...

Crude oil has surged to its highest in almost 4 years, approaching $70 a barrel ahead of a crucial meeting between OPEC and Russia. The cartel and the Kremlin are expected to extend their supply quota plan in an effort to push prices even higher. All parties are looking to offset the U.S. shale boom...

Crude oil futures continued to rise Wednesday, surging to their highest since December 2014 after U.S. oil inventories dwindled. Analysts say the global oil market has re-balanced, meaning the world's supply glut has all but evaporated due to OPEC's output reductions. May WTI oil climbed $1.95,...

Follow RTT