The Energy Information Administration released a report on Wednesday showing crude oil inventories in the U.S. decreased by slightly more than expected in the week ended December 12th. The report said crude oil inventories fell by 1.3 million barrels last week after declining by 1.8 million barrels...
Gold held firm near seven-week highs on Wednesday after overnight data indicated a continued cooling in the U.S. labor market. Spot gold rose 0.4 percent to $4,321.02 an ounce while U.S. gold futures were up 0.4 percent at $4,349.60. The dollar recovered some ground after hitting a 10-week low...
Oil prices rose nearly 2 percent on Wednesday after falling to almost five-year lows in the previous session on supply glut concerns and increased optimism surrounding a potential Russia-Ukraine peace deal. Benchmark Brent crude futures jumped 2.3 percent to $60.27 a barrel while WTI crude futures...
Extending the steep drop seen in the previous session, crude oil prices are plummeting during trading on Tuesday, hitting their lowest levels since early 2021. Crude for January delivery last seen trading at $55.25 a barrel, down $1.57 or 2.8 percent after tumbling $0.62 or 1.1 percent on Monday. The...
After ending the previous session modestly higher but well off its best levels, the price of gold showed a lack of direction over the course of the trading day on Tuesday before closing modestly lower. Gold for December delivery edged down $2.20 or 0.1 percent to $4,304.50 an ounce after inching up...
Gold drifted lower on Tuesday as investors waited for more clarity on the U.S. economic and rate outlook. Bullion also faced pressure from profit taking as hopes for a Russia-Ukraine peace deal grew. Spot gold dipped 0.6 percent to $4,281.77 per ounce after surging to a seven-week high in the previous...
Oil price fell more than 1 percent on Tuesday, extending losses from the previous session on growing expectations of a 2026 supply glut. Benchmark Brent crude futures were down 1.2 percent at $59.86 a barrel, dropping below $60 a barrel for the first time since May. WTI crude futures fell 1.2 percent...
After ending last Friday's choppy trading day modestly lower, the price of crude oil has shown a more substantial move to the downside during trading on Monday. Crude for January delivery has tumbled $0.62 or 1.1 percent to $56.82 a barrel after slipping $0.16 or 0.3 percent to $57.44 a barrel in...
Mirroring the performance seen during last Friday's session, the price of gold moved sharply higher in early trading on Monday before giving back ground over the course of the day. After surging as much as 1.1 percent to a high of $4,349.20 an ounce, gold for December delivery pulled back well off...
Gold soared nearly 1 percent to a seven-week high on Monday as the U.S. dollar struggled to regain traction ahead of the release of delayed U.S. jobs and inflation data as well as a slew of central bank decisions this week. Geopolitical concerns due to the ongoing Russia-Ukraine war and escalating...
Oil ticked higher on Monday as Venezuelan supply disruptions outweighed concerns over a massive oversupply in the new year. A weaker dollar on expectations for further U.S. interest-rate cuts also offered some support. Benchmark Brent crude futures rose 0.4 percent to $61.35 a barrel while WTI...
Following the steep drop seen in the previous session, the price of crude oil has shown a lack of direction over the course of the trading day on Friday. Crude for January delivery was last seen trading down $0.20 or 0.4 percent at $57.40 a barrel after plunging $0.86 or 1.5 percent to $57.60 a barrel...
After extending yesterday's surge early in the session, the price of gold gave back ground over the course of the trading day on Friday but still closed modestly higher. Gold for December delivery rose $14.60 or 0.3 percent to $4,300.10 an ounce after reaching a seven-week intraday high of $4,355...
Gold edged higher on Friday to hover near a seven-week high following the Fed's less hawkish than expected outlook on rates. Spot gold jumped 0.8 percent to $4,315 an ounce while U.S. gold futures were up 0.8 percent at $4,346.65. Earlier this week, the U.S. Federal Reserve signaled only one more...
Oil prices traded higher on Friday after the U.S. reportedly seized an oil tanker off the coast of Venezuela and issued new sanctions targeting Venezuela. However, the commodity headed for a weekly loss amid anxiety surrounding a potential Russia-Ukraine peace deal. Benchmark Brent crude futures...
December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.