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Commodities News
Oil climbs as dollar slips, but demand fears keep a lid on gains
By Sonali PaulMELBOURNE (Reuters) -Oil prices turned higher on Friday as the dollar eased, but gains were capped by recession fears and…
Oil rises on U.S. crude stocks data, tight supply outlook
By Noah Browning(Reuters) -Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply late in…
Oil prices rebound after dropping to lowest in months on weak U.S. demand
By Laura Sanicola(Reuters) - Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session…
Oil drops on China COVID worries
By Sonali PaulMELBOURNE (Reuters) - Oil prices fell on Monday in volatile trade, reversing some gains from the previous session as…
Gold inches down as U.S. bond yields bounce back
(Reuters) - Gold dipped slightly on Tuesday, as a recovery in U.S. Treasury yields from last week's one-month lows reduced the appeal of…
Oil slumps by more than $5 as Biden expected to cut U.S. fuel cost
By Shadia Nasralla(Reuters) - Oil prices tumbled by more than $6 a barrel on Wednesday amid a push by U.S. President Joe Biden to cut…
Oil jumps after Saudi Arabia hikes crude prices
MELBOURNE (Reuters) - Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in…
Oil prices rise after EU bans most Russian oil imports
SINGAPORE (Reuters) -Oil prices rose on Tuesday after EU agreed to slash oil imports from Russia by the end of 2022, fuelling worries of a…
Oil falls 2% on Powell comments, hopes for Venezuela supply
By Stephanie KellyNEW YORK (Reuters) - After hitting seven-week highs, oil prices slumped 2% on Tuesday as Reuters reported that the…
Oil slips as investors eye EU vote on Russian oil ban
By Florence TanSINGAPORE (Reuters) - Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on…