UBS reports that the global oil market continues to experience tightness due to OPEC+ nations maintaining disciplined production cuts. This supply constraint, coupled with relatively steady demand, contributes to upward…
Browsing: Commodities
Read More
US crude oil futures settled at $70.70 per barrel, a slight increase of $0.30, representing a 0.43% rise. This marginal uptick in oil prices reflects the ongoing volatility in the…
Brent crude oil futures settled slightly higher on a particular trading day, closing at $74.78 per barrel, representing a modest increase of $0.35, or 0.47%. This marginal rise in oil…
Iraq is set to receive 185,000 barrels per day (bpd) of oil from the Kurdistan Region. This marks the first phase of resumed oil exports following a long-standing dispute that…
Iron ore prices are nearing $110 per metric ton, driven by optimism surrounding China’s recent economic support measures. These measures aim to bolster the country’s struggling property sector and stimulate…
Russia has announced an extension of its gasoline export ban for another six months, starting from March. This decision aims to stabilize the domestic fuel market and prevent shortages or…
US crude oil futures settled at $72.57 per barrel, a slight increase of $0.32, representing a 0.44% rise. This marginal uptick in oil prices reflects the ongoing fluctuations in the…
Brent crude oil futures settled at $76.04 per barrel, a slight increase of $0.20, or 0.26%. This marginal rise reflects the day’s trading activity and contributes to the overall price…
Spot gold prices surge to a record high of $2,943.25 per ounce, driven by a confluence of factors including geopolitical uncertainty, rising inflation concerns, and increased safe-haven demand. This surpasses…
US crude oil futures settled at $71.85 per barrel, marking a $1.11 increase, or a 1.57% rise. This price movement reflects market dynamics influenced by various factors such as supply…