The U.S. Energy Information Administration (EIA) reports that weekly crude oil inventories have been drawn down. According to the report, crude oil inventories are at 423.9 million barrels, lower than the same period in the last 5 years. For the week ending September 3, crude oil inventories decreased by 1.5 million barrels. If the demand …
Gold prices fell further below $1,800 per ounce overnight (Sept. 10). The strong dollar, which normally moves against gold prices, continues to be a factor in the decline in gold prices. Telephone talks between the U.S. President and the Chinese leader have raised hopes for an improvement in the trade conflict between the two countries. …
West Texas Intermediate crude oil prices rose last night (Sept. 10) following talks between the presidents of the United States and China. WTI crude futures rose 2.3%, or $1.58, to close at $69.72 a barrel. Brent crude futures rose 2.1%, or $1.47, to close at $72.92 a barrel. Thursday’s phone call between President Biden and …
Oil price rises after US-China talks to reduce conflict Read More »
Crude oil prices rose this morning after Thursday’s phone call between President Biden and China’s leader Xi Jinping raised hopes for a better trade relationship. The rise today followed a drop on Thursday as China announced it was releasing oil reserves to help its refineries. Brent crude futures rose 0.59% to $73.05 per barrel (7:20 …
Oil price rises after China releases oil reserves Read More »
The price of gold closed last night (September 9) with a gain of $ 6.5 and reached again the mark of $ 1,800, having previously fallen below the mark. This rise in the price of gold was supported by the weakening of the dollar. Gold futures rose 0.36% or $6.5 to close at $1,800/ounce. Silver …
Gold rises again to $1,800 after dollar weakness Read More »
Gold prices fall below $1,800 per ounce for a second day as the dollar strengthens. Gold futures fell 0.28%, or $5, to $1,796.50/ounce. Silver futures fell 1.3%, or 31.7 cents, to $24.20/ounce. Platinum contracts fell 1.99%, or $19.8, to $979.0/ounce. Palladium contracts fell 4.9%, or $116.20, to $2,182.00 an ounce. The movement index of the …
Gold continues to fall, investors sell safe-haven assets Read More »
Crude oil prices gained yesterday after the slow recovery of oil companies in the Gulf of Mexico hit by Hurricane Ida. Meanwhile, investors are waiting for U.S. crude oil inventory figures to be released today. WTI crude futures rose 1.4%, or 95 cents, at $69.30 a barrel. Brent crude futures were up 1.35%, or 91 …
Gold prices rose 1.6% this morning after falling to $1,791.90 an ounce on Tuesday together due to the strong U.S. dollar. Gold futures contracts gain slightly. At 10:47 p.m. ET (2:47GMT), it was up just 0.08% at $1,792.50/oz. The U.S. dollar, moving in the opposite direction to gold, gained this week. The yield on the …
The U.S. dollar was able to gain strength yesterday. A strong dollar over pressure on oil prices. In addition, there are concerns about weaker fuel demand in the U.S. and Asia. U.S. crude oil production in the Gulf of Mexico continues to come to a standstill. WTI crude futures were down 1.4%, or 94 cents, …
Gold and silver have today, Tuesday, a small weak phase. After the recent gains, a breather can still be seen as normal so far. The gold price fell by 1.57% to $1795.40 in the evening in Asia. The silver price lost 1.64% to $24.35. Crude oil prices have weakened at the U.S. start of trading, …