Business News Asia
The harmony of copper prices between COMEX and LME copper has not been this unbalanced for a long time. The reason is different inventories in the U.S. and London. The U.S. has far fewer physical inventories of essential metals such…
Nigeria and Angola, the largest sub-Saharan oil producers are struggling to ensure future oil production. This is due to a lack of investment as major international corporations change their investment strategies. Prioritization has now changed. International oil companies are looking…
The U.S. jobs report released on Friday showed that the economy is moving towards recovery. Better than expected was the conclusion underneath. The hope for an early return to the pre-pandemic period was reawakened by the jobs report. Now the…
The outbreak of the Covid-19 delta strain continues to increase. As a result, countries have resumed interdiction measures to contain the spread. This is also likely to affect oil demand, particularly demand for jet fuel. Crude oil prices have declined…
“Better than expected,” the U.S. Labor Department reported that nonfarm payrolls rose to 943,000 in July. This number was well above analysts’ estimates of 870,000. This fueled expectations for the Fed’s stimulus package and negatively impacted gold prices, which fell…
Recent tensions in the Middle East are driving oil prices higher today. Brent crude futures were up 0.24% at $70.565 ET (5:43 GMT), and WTI crude futures were up 0.26% at $68.33. On Wednesday, both Brent and WTI futures were…
Oil prices are under pressure after the U.S. and China released weak July production data. West Texas crude oil futures fell as investors worried about the spread of the coronavirus. Add to that the slowdown in production in the U.S.…
Investors eyeing the release of US non-farm payrolls. Investors are expecting the U.S. Department of Labor to release the latest non-farm payroll numbers. This comes ahead of the Federal Reserve’s (Fed) annual meeting.Analysts predicted that nonfarm payrolls would rise above…
Oil prices lose ground at the beginning of the week. WTI contracts for delivery in September fell 8 cents. Investors expect oil prices to remain under pressure through the end of this year as crude demand may worsen due to…
Comex gold futures dropped 1% (closing on Friday, July 30) as investors decided to take profit after yesterday’s $30 price increase. Gold futures delivery in August fell 1% to close at $1817.20. Even though gold prices are falling, they hit…
