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Breaking News

Losses in crude prices accelerated Tuesday after the BBC reported that "significant progress" has been made to broker an agreement between Iran and the U.S. in nuclear talks, which could lead to a lifting of U.S. sanctions that allows Iran to increase its crude exports.

about 1 month ago

Oil prices slipped on Monday, paring strong gains made in the previous session after OPEC+ agreed last week to gradually ease some of its production cuts between May and July.

about 3 months ago

Gold brushed highs of just above $1,730 an ounce on Thursday as U.S. Treasury yields and the dollar continued their retreat from recent highs.

about 3 months ago

OPEC+ agrees to gradually increase production. OPEC+ decided to add more than 2 mb/d over the next few months, betting on rising demand. The deal calls for a 350,000-bpd increase in May, followed by the same amount in June, and then by 450,000 bpd in July. At the same time, Saudi Arabia will ease its voluntary 1 mb/d cuts by July.
about 3 months ago

The Suez Canal said on Friday it was close to clearing a backlog of shipping that built up when a giant container ship was grounded in the waterway.
about 3 months ago

Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week's slips.
about 9 months ago

Oil prices slumped more than 4% on Monday on the specter of a new Covid-19 lockdown across Europe and amid worries that a peace pact in Libya could ultimately deliver another million barrels per day to a market already deemed oversupplied.
about 9 months ago

Gold slumped over 3% on Monday, sliding to its lowest level in more than a month, as a broader market sell-off driven by uncertainty over more U.S. fiscal stimulus pressured the precious complex along with a stronger dollar.
about 9 months ago

Wall Street's main indexes hit their lowest levels in nearly seven weeks on Monday, while the dollar index rose 0.8% against its rivals, its highest daily percentage gain since March 19.
about 9 months ago

U.S. gasoline prices tumbled in Monday's energy market selloff, as worries about weak demand for fuel returned as the threat of Tropical Storm Beta waned.
about 9 months ago

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