Commodities

Commodities News

Crude oil lower; set for largest weekly loss this year

By Peter Nurse  Investing.com — Oil prices weakened Friday, heading towards steep weekly losses on concerns that the ongoing banking crisis will have a negative impact on the wider economy..

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Commodities News

Oil gains reverse on banking sector fragility

By Rowena Edwards LONDON (Reuters) -Oil prices fell in volatile trade on Friday, reversing earlier gains of more than $1 a barrel, as banking sector fears set crude on course.

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Gold prices set for strong week as bank jitters spur safe haven demand

By Ambar Warrick Investing.com– Gold prices were flat in early Asian trade on Friday, and were set to log their strongest week in two months as fears of a potential.

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Commodities News

Gold slips from 6-week high, but bank crisis underpins demand

By Ambar Warrick Investing.com — Gold prices fell from a six-week high on Thursday as investors locked in recent profits, although fears of a brewing banking crisis and uncertainty over.

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EU to unveil plans for leadership in green industrial revolution

BRUSSELS (Reuters) – The European Commission on Thursday will present the centrepieces of its strategy to ensure its industry can compete with the United States and China in making clean.

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Oil regains a bit of ground as Credit Suisse handed a lifeline

By Laura Sanicola and Muyu Xu -Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse.

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China Jan-Feb refinery output up 3.3% on fuel policy, demand recovery

(Reuters) – Chinese refineries processed 3.3% more crude oil in the first two months of 2023 compared with a year earlier, data showed on Wednesday, spurred by fuel export policy and as.

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Gold prices retreat from recent highs amid rate hike uncertainty

By Ambar Warrick Investing.com — Gold prices edged lower on Wednesday after falling from a six-week high in the prior session, as a mixed reading on U.S. inflation brewed some uncertainty over.

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U.S. crude stocks up 1.155M barrels last week, fuel balances drop big – API

By Barani Krishnan Investing.com — U.S. crude stockpiles resumed their climb last week after a one-week decline, while inventories of fuel products extended declines sharply, petroleum industry group API said in a.

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U.S. NHC says 70% chance of cyclone forming over southwestern Gulf of Mexico

(Reuters) – A tropical storm warning is in effect for the Gulf coast of Mexico from Boca de Catan north to the mouth of the Rio Grande river as a.

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