Commodities

Commodities News

Oil prices extend gains on China demand optimism

By Isabel Kua SINGAPORE (Reuters) – Oil prices extended gains on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict COVID-19 containment.

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Commodities News

Venezuela’s Maduro, opposition expected to talk; U.S. eases some sanctions -sources

By Vivian Sequera, Matt Spetalnick and Marianna Parraga CARACAS/WASHINGTON (Reuters) -Venezuelan President Nicolas Maduro and the country’s opposition were expected to announce a resumption of talks as Washington eases some.

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Commodities News

Oil falls 2% on Powell comments, hopes for Venezuela supply

By Stephanie Kelly NEW YORK (Reuters) -After hitting seven-week highs, oil prices slumped 2% on Tuesday as Reuters reported that the United States could ease some restrictions on Venezuela’s government,.

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Business Commodities News

Oil Up as Hopes of Chinese Fuel Demand Recovery Rise

By Gina Lee Investing.com – Oil was up on Wednesday morning in Asia, rising more than $1 a barrel in early trading over hopes of a fuel demand recovery in China, as.

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Commodities News

Gold Down as Investors Continue Digesting Hawkish Powell Remarks

By Gina Lee Investing.com – Gold was down on Wednesday morning in Asia, with the dollar continuing its retreat from a 20-year high and countering pressure from stronger Treasury yields. Investors also.

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Commodities News

New Oil Traders Fill the Void as Top Names Abandon Moscow Ties

(Bloomberg) — With the world’s largest oil traders scaling back Russian crude exports, the market is trying to figure out who is going to fill the void. The answers include.

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Commodities News

Oil prices inch lower as EU’s Russian oil ban stalls

By Isabel Kua SINGAPORE (Reuters) – Oil prices inched lower on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would.

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Commodities News

Iraq balks at greater Chinese control of its oilfields

By Sarah McFarlane and Aref Mohammed LONDON/BASRA (Reuters) – Iraq’s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and.

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Commodities News

Gold Up, Dollar and U.S. Yields Also Resume Climb

By Gina Lee Investing.com – Gold was up on Tuesday morning in Asia, even as the dollar slowly resumed an upward trend and U.S. Treasury yields resumed their climb. Gold.

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Commodities News

Oil Down as EU Ban on Russian Supplies Faces Hungarian Resistance

By Gina Lee Investing.com – Oil was down on Tuesday morning in Asia, opening lower earlier in the session. The European Union’s (EU) move to enact a ban on Russian.

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