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2 mins read
Gold, silver rally, crude volatile while copper at two-month low: Choice Commodity Report
The Multi Commodity Exchange of India (MCX) Gold July contract saw a modest increase of +0.86 per c…
ANI
2 mins read
Oil has plunged below $100 as recession fears spike. This is what happens next, according to top Wall Street analysts.
One analyst said oil prices could drop to $55 a barrel by Christmas. But many said nothing has chan…
Harry Robertson
1 min read
Bank of America sees US oil hitting $140 a barrel within months, with analysts saying China's recovery will boost demand
Recent trading patterns suggest US oil prices are set for another surge, BofA said. Meanwhile, UBS …
Harry Robertson
3 mins read
Oil is heading for its first monthly loss of 2022 as fears of recession gather pace — and traders are starting to bet it's got further to fall
The options market is showing that traders are starting to think oil could be as much as 25% lower …
George Glover
2 mins read
Oil surges to 7-year high above $90 per barrel as Russia-Ukraine tensions rise
JPMorgan economists last week said oil could soar to $150 a barrel during the first quarter of 2022…
Isabelle Lee
2 mins read
Oil prices are going to $90 per barrel in the 2nd half of this year on the back of a 'triple deficit' for the commodity, Morgan Stanley says
Low inventories, low spare capacity, and low investment will continue to drive oil prices higher, M…
Isabelle Lee
2 mins read
Dow soars 422 points as investors eye possible easing of Ukraine-Russia tensions
The Producer Price Index rose 1% last month, marking a significant acceleration from December. The …
Isabelle Lee
1 min read
Oil tumbles towards $100, as renewed COVID-19 lockdowns in China and recession fears depress demand outlook
"Markets remain torn between recession fears in the US, Europe, and China torpedoing growth and thu…
Zahra Tayeb
2 mins read
US oil hits highest since OPEC began price war against shale producers
The oil market deficit will only get wider due to low stockpiles, an incoming cold winter, and surg…
Isabelle Lee
2 mins read
US futures fall and oil hovers at $100 as recession fears stalk markets
Investors are nervous as they weigh up the twin threats of inflation and recession, the last of whi…
Harry Robertson
2 mins read
Oil rises, with WTI topping $110, as supply pressures build and G7 moves ahead on Russian price cap
Investors are switching focus from demand worries to supply constraints as top OPEC producers pump …
Zahra Tayeb
2 mins read
UK "Essex Boys" traders face US trial for manipulation of the oil market and making $700 million during 2020's price crash, reports say
On April 20, 2020, oil prices plummeted into negative territory for the first time, as the Covid pa…
Hamza Fareed Malik
2 mins read
Morgan Stanley just raised its outlook for oil prices to $100 per barrel by the 3rd quarter. Here's why.
The bank said it now sees Brent crude jumping to $100 per barrel by the third quarter, updating its…
Isabelle Lee
2 mins read
The IEA will release oil stockpiles in an effort to stem surging prices, new report says
The International Energy Agency, which is comprised of 30 countries, will release 60 million barrel…
Matthew Fox
1 min read
Saudi Arabia hikes oil prices sharply, sending US crude futures up to a 3-month high
Aramco's price hikes sent international benchmark Brent crude oil and US benchmark West Texas Inter…
Huileng Tan
2 mins read
Oil could double to $250 this year because Russia's supply to Europe will plunge, top traders warn
"Wakey, wakey. We are not going back to normal business in a few months," a leading trader told the…
Harry Robertson
2 mins read
Oil could be capped at $120 per barrel this summer as release of global reserves keeps a lid on prices, Bank of America says
China's lockdown of Shanghai and other areas during a new COVID-19 outbreak should also temporarily…
Carla Mozée
2 mins read
Oil surges to 2-month high of $123 after EU agrees to ban most Russian crude imports and China eases COVID rules
After weeks of wrangling, EU leaders have agreed a deal to slash oil imports from Russia by as much…
Harry Robertson
2 mins read
Dow rallies 387 points after Russia withdraws some troops around Ukraine
The announcement from the Russian defense ministry came after weeks of heightened tensions between …
Isabelle Lee
2 mins read
Oil prices are tumbling after their recent spike but tighter supplies will push the commodity back to $125 a barrel this summer, UBS says
The investment bank sees oil demand hitting record highs this year as lighter COVID-19 restrictions…