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Showing posts from September, 2018

Oil Prices Gain Despite Surprise Rise in U.S. Crude Stockpiles

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  Oil prices rose on Thursday even after weekly data from the U.S. Energy Information Administration (EIA) unexpectedly showed a build in U.S. stockpiles. On the New York Mercantile Exchange,  Crude Oil WTI Futures  for November delivery traded 1.2% higher to $72.40 a barrel by 12:15AM ET (04:15 GMT), while on London's Intercontinental Exchange,  Brent Oil Futures  for December delivery gained 0.9% to trade at $81.52 a barrel. www.expertcommodity.com 9759717061 (Miss Ankita) 9759995554 (Mr. Sumit) The U.S. Energy Information Administration (EIA) said in its weekly report that domestic crude  oil inventories  rose by 1.852 million barrels during the week ended Sept. 21. Market analysts had expected a decline of 1.279 million barrels instead. The American Petroleum Institute, which collects data independently from the industry, reported on Tuesday an increase of 2.903 million barrels for the week in review. The EIA said that supplies at Cushing, Okl...

Oil near four-year high as producers resist output rise to offset Iran sanctions

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Oil prices  on Tuesday were within reach of four-year highs hit in the previous session, as looming  U.S. sanctions  against Iran and unwillingness by the Organization of the Petroleum Exporting Countries (OPEC) to raise output supported the market. www.Expertcommodity.com 9759995554 9759717061

Gold Prices Fall as Trade Worries Continue

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Gold prices  fell on Wednesday, as the U.S. dollar rallied and trade tensions lingered. Comex  gold futures  for December delivery fell 0.17% to $1,200.10 a troy ounce as of 4:54 AM ET (8:54 GMT). Investors are closely watching trade developments after  U.S. President Donald Trump  threatened on Friday to impose tariffs on almost all Chinese imports, or about $467 billion in goods. www.expertcommodity.com 9720250123

Oil Prices Mixed Ahead of EIA Crude Inventories, OPEC Report

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Oil prices  showed mixed trade on Wednesday, while investors looked ahead to the release of official data on  U.S. crude inventories  and the Organization of Petroleum Exporting Countries’ monthly report www.expertcommodity.com 9720250123