Commodities articles

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U.S. oil benchmark ends lower as Atlantic storms threaten energy demand

U.S. oil benchmark ends lower as Atlantic storms threaten energy demand

U.S. benchmark crude prices ended lower Monday on growing concerns that storms churning in the Atlantic will hurt energy demand on the U.S. East Coast. Global benchmark crude prices, however, continued to climb on expectations that renewed sanctions on Iran will tighten the world’s supply of oil. October West Texas Intermediate crude CLV8, +0.04% the

Gold Will Need These Catalysts for Long-Term Growth

Gold has been driven by the U.S. dollar in the short-term, but on a longer term horizon, it will need more than just a weaker dollar for a sustained rally, said Will Rhind, CEO of GraniteShares. “I think longer-term, there are three key catalysts. One, apart from the dollar itself, it has to be lower

Are Some Central Banks Dumping Their Gold?

Gold prices fell more than $17 on the day Wednesday, and while central banks may have played a role in its selloff, the bigger driver is the strong U.S. dollar, fueled by rising interest rates, said Gerald Celente, publisher of the Trends Journal. “What brought gold down? Well, obviously, rising interest rates, that’s no surprise,

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Oil prices end up for the day on forecast for rising demand, but lower for the week

SarahMcFarlane Oil prices settled higher Friday as a forecast for rising global crude demand, and supply boosts from Russia, offset lingering concerns about trade tensions cutting global consumption of energy products. The International Energy Agency raised its forecast for global oil demand growth by 110,000 barrels a day to 1.5 million barrels for 2019. Its

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Oil prices rise, but post sharp weekly loss amid expectations for rising Libyan output

Oil prices climbed on Friday, but posted sharp losses for the week, as traders weighed concerns over resurgent Libyan supply and global trade disputes against indications of tighter crude supply and shrinking spare output capacity. August West Texas Intermediate crude CLQ8, +0.36% the U.S. benchmark, tacked on 68 cents, or 1%, to settle at $71.01

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Oil hovers at 3 1/2-year high as investors look ahead to OPEC meeting

The U.S. Energy Information Administration on Wednesday said crude supplies fell by 1.1 million barrels for the week ended April 13. Analysts surveyed by S&P Global Platts had forecast a climb of 625,000 barrels, while the American Petroleum Institute on Tuesday reported a fall of roughly 1 million barrels. Traders were also looking ahead to

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