Commodities

Commodities News

Oil prices reverse late in session as heating oil contract plunges

By Stephanie Kelly NEW YORK (Reuters) -Oil prices fell on Friday, reversing in volatile trade, pulled downward by the U.S. heating oil contract that plummeted by more than 20% at one point.

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Gold Up, But Set for Worst Month in Seven Over Fed Concerns

By Gina Lee Investing.com – Gold was up on Friday morning in Asia, as worrying U.S. GDP data drove some investors towards the safe-haven asset. However, the yellow metal is set for.

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Saudi Arabia may cut June crude prices to Asia from record highs

By Florence Tan and Muyu Xu SINGAPORE (Reuters) – Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after benchmarks slumped from records.

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Eni Q1 profits soar on high oil prices

MILAN (Reuters) -Italian energy group Eni said profits in the first quarter soared above expectations on the back of booming oil and gas prices stoked by Russia’s invasion of Ukraine..

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N. American oil companies scramble to find workers despite boom

By Liz Hampton, Stephanie Kelly and Nia Williams (Reuters) – When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave.

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More of Europe’s crude supply is coming from deep in the heart of Texas

By Arathy Somasekhar and Stephanie Kelly HOUSTON (Reuters) – U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to.

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Rosneft issues June ESPO crude tender, requests for rouble payment

SINGAPORE (Reuters) – Russia’s top producer Rosneft (MM:ROSN) has issued a tender to sell June-loading ESPO Blend crude, in another attempt to get buyers to pay for supplies in full.

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Gold falls to 10-week low on lofty dollar, imminent U.S. rate hike

By Bharat Gautam (Reuters) – Gold prices fell to a 10-week low on Thursday, as an elevated U.S. dollar hurt demand for greenback-priced bullion, while an impending Federal Reserve interest.

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Oil falls as China fuel demand concerns linger

By Mohi Narayan (Reuters) -Oil prices dropped on Thursday as investor remained cautious about dwindling fuel demand in China, the world’s biggest oil importer, due to COVID-19 restrictions. Brent crude futures.

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Gold Down, Near Two-Month Low Over Stronger Dollar, Looming U.S. Rate Hike

By Gina Lee Investing.com – Gold was down on Thursday morning in Asia, falling to a two-month low. A stronger dollar hurt demand for the yellow metal, and an imminent U.S. interest.

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