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Commodities
The OPEC+ Group’s Decision to Cut the Oil Supply
The OPEC+ Group's Decision to Cut the Oil Supply
The International Energy Agency (IEA) said on Thursday that the OPEC+ group's decision to reduce oil supply as of…
Oil Futures Recovered Some of Their Losses
Oil Futures Recovered Some of Their Losses
Oil futures recovered some losses after falling by 2% the previous day, aided by supply concerns resulting from OPEC+…
A Bright Spot in Global Oil Market
A Bright Spot in Global Oil Market
China is a bright spot in the global oil market, with refined gasoline demand anticipated to rise next year even as consumption…
The Recession Fears Are Leading to Skyrocketing Oil Prices
The Recession Fears Are Leading to Skyrocketing Oil Prices
The five-day winning streak for oil prices ended on Monday as investors turned their attention to China's…
The Largest Weekly Gain in Oil Prices Is Coming
The Largest Weekly Gain in Oil Prices Is Coming
Despite a lukewarm reaction to OPEC+'s plan to cut output by a nominal 2M BPD, oil prices are on track for their…
Oil Near Three-Week High
Oil Near Three-Week High
Oil prices remained at three-week highs on Thursday after OPEC+ agreed to reduce global crude supply by 2M barrels per day, the highest…
As OPEC+ Meets, Oil Prices Have Altered
As OPEC+ Meets, Oil Prices Have Altered
After rising by more than 3% the previous day, oil prices were little changed on Wednesday ahead of a meeting of OPEC+ to…
Top Oil Traders See Steady Demand
Top Oil Traders See Steady Demand
Top oil traders said Tuesday at the Argus European Crude Conference in Geneva that serious economic headwinds have yet to…
Silver Prices: What’s happening?
Silver Prices: What’s happening?
When the Federal Reserve reduces the amount of fiat currency loaned into the banking system. The price of silver in fiat dollars…
OPEC+ Intends to Reduce Oil Production Significantly
OPEC+ Intends to Reduce Oil Production Significantly
The OPEC+ oil coalition is considering a significant drop in production to prop up declining prices as the…
Russian Oil and Fuel Exports Slump
Russian Oil and Fuel Exports Slump
Total Russian crude oil exports averaged 3.15M barrels per day this month, a 280,000-BPD decrease from August. Crude exports to…
Oil Prices Drop as The Dollar Strengthens
Oil Prices Drop as The Dollar Strengthens
Oil fell on Thursday after gaining more than $3 in the previous session. A stronger dollar suppressed oil demand.…
29 September, chart overview for Gold and Silver
29 September, chart overview for Gold and Silver
Gold chart analysis
Yesterday, the price of gold formed a new two-year low at the $1614 level. Shortly after that,…
29 September, chart overview for Oil and natural Gas
29 September, chart overview for Oil and Natural Gas
Oil chart analysis
Yesterday, oil price made a positive leap, from the $76.00 level to the $82.00 level.…
Oil Costs Increased
Oil Costs Increased
During U.S. trade hours on Wednesday, oil prices increased as Hurricane Ian's production reductions overcame the negative effects of a…
Oil Has Recovered from A Nine-Month Low
Oil Has Recovered from A Nine-Month Low
On Tuesday, oil gained over 1%. The rise came after oil hit a nine-month low the day before, boosted by production curbs in…
Oil Prices Down to A Nine-Month Low
Oil Prices Down to A Nine-Month Low
Oil prices fell to nine-month lows on Monday, weighed down by a predicted drop in fuel consumption as rising interest rates…
The EU Is Considering a Ceiling on Oil Prices
The EU Is Considering a Ceiling on Oil Prices
The European Union is considering an oil price cap, more restrictions on high-tech exports to Russia, and additional…
German Natural Gas Import Costs Rose
German Natural Gas Import Costs Rose
Germany's natural gas import costs increased by 164% in the first seven months of 2022, despite a 25.5% drop in imports,…
Steel Prices: Reduction In Worldwide Production?
3% less steel is produced worldwide
Crude oil prices have less of an impact on steel prices. The cost of raw materials (iron ore, coking coal, limestone, alloying…