The Organization of the Petroleum Exporting Countries (OPEC) is set to release its highly anticipated Monthly Oil Market Report (MOMR) today at 11:40 AM GMT. This report provides a comprehensive…
Browsing: Commodities
Read More
Brent crude oil futures, a key global benchmark for oil prices, experienced a significant drop of $2.04 per barrel, settling at $71.83. This represents a 2.76% decline in price. This…
Summary: Forecasts suggest that China’s demand for copper, a key industrial metal often seen as a barometer of economic health, will peak by 2030. This projection signals a potential slowdown…
Summary: Iron ore prices are experiencing downward pressure due to a weaker outlook for the global steel market and concerns about China’s economic growth. The World Steel Association has recently…
Summary: Brent crude futures settled at $76.04 per barrel, a notable increase of $1.75, or 2.36%. This upward trend in global oil prices indicates a tightening supply situation in the…
Summary: US crude oil futures settled at $72.09 per barrel, marking a significant increase of $1.53, or 2.17%. This surge in oil prices raises concerns about potential inflationary pressures and…
Summary: Iron ore prices are experiencing a downturn as worries over softening steel demand, particularly in China, the world’s leading steel consumer, continue to escalate. This decline is fueled by…
Summary: Brent crude futures also closed higher, settling at $74.29 per barrel, an increase of $1.23, or 1.68%. This rise aligns with the upward trend seen in U.S. crude oil…
Summary: U.S. crude oil futures experienced a significant upswing, settling at $70.56 per barrel, marking a $1.34 increase, or a 1.94% rise. This surge comes amidst a backdrop of volatile…
Summary: Spot gold prices have surged to an unprecedented high of $2,724.61 per ounce, exceeding previous records and signaling a strong bullish trend for the precious metal. This remarkable rally…