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497 days ago

#Gold advanced following #Fed's minutes #trading

The value of gold is on the rise breaking the $1.750 an ounce threshold, this comes with the fact the US Federal reserve's most recent meeting indicated slower interest rate hikes.

#Commodities

498 days ago

#Oil falls on price ceiling talks #crude #wti #trading

The black gold is under renewed pressure as the West weighed in on a price ceiling for Russian oil, possibly opting to limit the price to USD60. However, Moscow has said it will not supply oil under the price cap, which is sparking supply concerns in the global markets. 

#Commodities

499 days ago

#Oil prices rebound after Riyadh denies output increase #wti #trading

Saudi Arabia denied a report that it is discussing an oil production increase for the OPEC+ meeting next month and said it stands ready to make further cuts if needed. 


#Commodities

583 days ago

#Oil retreats as it faces selling pressures #opec #energy #trading

Oil prices are decreasing by 2.4% with US Crude (WTI) approaching Monday's open (USD94.7). The Black gold remains in an upward trend, although selling pressures intensify as it makes new highs. The current retreat is most likely due to technical reasons. However, if oil bulls lose control, further downside risk shouldn't be omitted. 

#Commodities

597 days ago

Oil turn to gains ahead of API's report #WTI #trading #commo

The price of oil futures turned to gains after losing 4.5% yesterday following bearish US data. This afternoon, traders are awaiting the American Petroleum Institute's newest weekly report on the stock of US crude oil. 

#Commodities
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