In early trading on Wednesday, oil prices experienced a significant decline, reaching their lowest levels in over four years. This downturn is attributed to growing concerns over demand, exacerbated by an intensifying tariff conflict between the United States and China, the two largest economies globally, alongside an increasing supply forecast. Brent futures experienced a decline of Read More
Oil prices extended their decline on Monday, tumbling nearly 3% to reach levels not seen since 2021, as an intensifying U.S.–China trade dispute sent shockwaves through global commodity markets. The rout, which also dragged down base metals and agricultural products, reflects mounting investor anxiety over the prospect of a worldwide economic slowdown. In Asian trading, Read More
Saudi Arabia has reduced its oil prices for May shipments to Asia, marking a four-month low, as the OPEC+ alliance prepares for an increase in supply. Saudi Arabia, recognized as the leading oil exporter globally, announced on Sunday a significant reduction in crude oil prices for Asian buyers for May, marking the lowest prices seen in Read More
Gold experiences a decline during the early Asian trading hours, likely due to market participants unwinding their long positions in order to liquidate assets for cash. China’s imposition of 34% tariffs on all U.S. imports, coupled with the introduction of restrictions on the export of specific rare-earth minerals, has heightened apprehensions regarding the potential escalation Read More
Brent crude prices have experienced a decline of over 3%, reaching their lowest point since 2021. Oil prices approached their lowest closing levels since the height of the coronavirus pandemic in 2021 on Friday, impacted by U.S. President Donald Trump’s announcement of new tariffs and increased output from the OPEC+ producer group. Brent futures experienced a significant Read More
On Thursday, eight OPEC+ nations reached an unexpected consensus to expedite their strategy for phasing out oil production cuts, opting to raise output by 411,000 barrels per day in May. This decision led to a continuation of the significant declines in oil prices observed earlier. Oil prices, having already decreased by more than 4% following Read More
Gold reached an unprecedented peak as market participants flocked to safe-haven assets in response to President Trump’s declaration of substantial tariffs. The recent implementation of tariffs, featuring a 10% baseline on all U.S. imports alongside increased duties on vehicles, has intensified global trade tensions and amplified market uncertainty. In response to heightened investor anxiety, there Read More
Oil prices stabilized on Wednesday following a decline in the prior session, driven by apprehensions that new U.S. tariffs, expected to be announced later in the day, could exacerbate a global trade conflict, potentially constraining crude demand. The announcement of tariffs by President Trump is set to occur, concurrently with heightened sanctions on Iran and Read More
In response to heightened investor anxiety, there was a notable increase in demand for gold on Wednesday, resulting in a rise in its prices. This was in expectation of announcements concerning reciprocal tariffs from the United States, which could exacerbate the current global trade conflict. In the last trading session, spot gold achieved a record Read More
U.S. natural gas futures have retraced a portion of the gains observed yesterday, which were influenced by weather conditions, yet they remain above the $4 threshold that was regained last week. Recent short-term projections have increased, yet the persistence of cold conditions through the weekend is expected to stimulate some late-season heating requirements. According to Read More
