The crude oil price spiked today after the US Senate passed Joe Biden’s stimulus package during the weekend. The price...
Oil prices are falling today as traders continue worrying about demand and the surprise increase of inventories in the US....
Crude oil prices are headed for the fourth consecutive weeks of gains ahead of an important meeting of OPEC and...
Silver price wobbled today as investors continued to focus on the state of the global economy. Its price dropped by about 25 basis points while that of gold rose by more than 50 basis points.
The divergence between gold and silver is partly because the latter is also an industrial metal. Most of the silver that is mined is usually used in the manufacturing industries. This is not the case with gold, which is mostly an investment asset. Industrial production in the United States dropped to the lowest level in decades. This means that demand for raw materials like silver declined also.
Silver price (XAGUSD) is in trouble. Its price has been in a sharp descent in the past few days and...
Crude oil price bounced back in overnight trading as optimism returned to the market. There were four big stories that provided this catalyst.
Copper price is sitting pretty at the highest point since January 23. The price is now trading at $2.7385, which is significantly higher than the YTD low of 1.9686. Also, the price has just had the best quarter in decades. Here are the four main reasons why the price of copper has more room to run.
Silver price has been relatively boring in the past few months. Since September, the white metal has made no dramatic...
Crude oil price is up for the second consecutive day as traders refocused on the US hurricane season that is...
Crude oil price declined yesterday after a report showed that US inventories rose by more than 10 million barrels in the previous week. This was higher than the previous week’s increase of more than 4 million. In total, crude oil prices declined by more than 50% in March and by more than 60% in the quarter. This makes it the worst month and quarter respectively.