Commodities

Read the latest Gold and Crude oil news by our experienced commodity traders and market strategists. We cover key markets such as Gold prices, Brent Crude Oil, West Texas Intermediate Crude oil, but also Copper, Palladium, and Platinum prices amongst others.  We aim to provide relevant commodity market news, insights on price drivers, and the key technical levels that traders are watching to make better-informed trades.

CRUDE OIL PRICE

Crude oil price: Gap between Demand and Supply to Widen- IEA

Crude oil price has remained afloat after moving past the important resistance level of $70 on Tuesday. Brent futures were up by 0.14% while WTI futures rose by 0.63% as investors digested details of OPEC+ ministerial meeting on Tuesday. The alliance presented an upbeat oil demand outlook. It highlighted its […]

Crude Oil Price Targeting $70 A Barrel As OPEC + Meets

Crude oil prices are up today, with the Brent crude benchmark registering a 0.67% upside move. This move comes as Reuters reports that the OPEC+ Joint Technical Committee’s (JTC) will keep its global oil demand growth forecast for 2021 unchanged. This forecast is currently at 5.95 million barrels per day.  […]

Silver price outlook after soft Chinese manufacturing data

Silver price is trading higher as a reaction to Chinese manufacturing data. In addition to being a precious metal, silver also has various industrial applications. Notably, China is a key consumer of the metal for the manufacturing of various products including silverware, jewellery, and solar panels.  According to the country’s […]

crude oil price

Crude Oil Price: Can It Break Above $70?

The crude oil price is back at the highs after bouncing from the $60 level at the start of May. Now the June is about to begin, the price of oil meets resistance at $68, fueling suspicions of a possible double top. A move and a daily close above $68 […]

Gold Price Close Above $1,900 Points To Even Higher Prices

The Gold Price has closed higher for the fourth straight week. Increased central-bank buying and inflation fears has analysts predicting even higher prices. Gold (XAUUSD) closed at $1,903.50 and above the $1,900 level for the first time in five months. Since March, Gold has gained over +13% as inflation concerns […]