Mon, Apr 29, 2024
Commodity Capsule: A relatively strong dollar weighed on gold, in the wake of hotter-than-expected reading on the PCE price index.
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Fri, Apr 26, 2024
Commodity Capsule: Treasury Secretary Janet Yellen told Reuters on Thursday that U.S. GDP growth for the first quarter could be revised higher, and inflation will ease after a clutch of "peculiar" factors held the economy to its weakest showing in nearly two years.
Thu, Apr 25, 2024
Commodity Capsule:Earlier this week, LME copper hit two-year highs, after stricter western sanctions on Russian metal exports pointed to tighter markets.
Fri, Dec 08, 2023
Commodity Capsule: Prices recovered ground on Friday after Saudi Arabia and Russia called for more OPEC+ members to join output cuts.
Thu, Dec 07, 2023
Commodity Capsule: WTI crude futures recovered after slipping under $70 a barrel in the previous session for, the first time since last June.
Wed, Dec 06, 2023
Commodity Capsule: Brent crude futures are moving around $77 a barrel, the weakest level since mid-November. U.S. WTI crude futures are trading around $72 a barrel.
Tue, Dec 05, 2023
Commodity Capsule: Comments by Saudi Arabia's energy minister that OPEC+ production cuts could continue past the first quarter of 2024 if needed lent some support to the market.
Mon, Dec 04, 2023
Commodity Capsule: Persistent pressure from the OPEC+ decision and uncertainty over global fuel demand growth weigh on oil prices.
Fri, Dec 01, 2023
Commodity Capsule: Brent prices were trading at levels lower than last week's close, but WTI pared some losses to trade slightly higher than last Friday's level.
Thu, Nov 30, 2023
Commodity Capsule: Brent crude futures hovered past $83 a barrel, while U.S. West Texas Intermediate crude futures rose to the $78 a barrel mark.
Tue, Nov 28, 2023
Commodity Capsule: Traders widely expect the producers' group to deepen and extend cuts to oil production amid fears of supply being consistently higher than demand.
Fri, Nov 24, 2023
Commodity Capsule: Traders speculated on whether OPEC+ would come to an agreement on further production cuts.
Thu, Nov 23, 2023
Commodity Capsule: Benchmark U.S. 10-year Treasury yields fell to a two-month low on Tuesday.
Wed, Nov 22, 2023
Commodity Capsule| Traders continue to hold out for more supply cuts by the Organization of Petroleum Exporting Countries.
Tue, Nov 21, 2023
Commodity Capsule: December gold futures are inching closer to the key $2,000 an ounce mark, hovering at its two-week high.
Mon, Nov 20, 2023
Commodity Capsule: Crude oil prices have fallen for four weeks on easing concerns of Middle East supply disruption amid the Israel-Hamas conflict.
Fri, Nov 17, 2023
Commodity Capsule| Brent and WTI futures settled down nearly 5 per cent lower to $77.42 a barrel and $72.90 respectively.
Thu, Nov 16, 2023
Commodity Capsule: WTI's front-month contract traded below the price for 2nd month, a structure known as contango, suggesting that investors expect prices to increase.
Mon, Nov 13, 2023
Commodity Capsule: Prices gained nearly 2 per cent last Friday as Iraq voiced support for oil cuts by OPEC+, but lost over 4 per cent for the week; its third weekly losses the first time since May.
Wed, Nov 08, 2023
Commodity Capsule: Brent futures fell under $82/barrel and WTI crude dipped close to $77/barrel in the previous session; declining to the lowest since July 24.
Tue, Nov 07, 2023
Commodity Capsule: The increase came despite a contraction in Europe's economy, as indicated by October's Eurozone services PMI and composite PMI.
Mon, Nov 06, 2023
Commodity Capsule: Losses in crude oil benchmarks were tempered by a drop in the dollar, amid less hawkish signals from the Fed and weaker-than-expected payroll data.
Fri, Nov 03, 2023
Commodity Capsule: Oil prices steadied on Friday after weakened dollar and easing concerns over the Israel-Hamas war spurred wild swings over the prior sessions.
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