Silver meets resistance at $58.50-$59.00 cluster as downtrend holds
Silver touched $57.9975 on the 5-hour chart, just below a resistance zone of $58.50 to $59.00. The trend remains bearish,…
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Oil eases on Friday but heads for weekly gain on Middle East supply risks
Oil prices eased on Friday but were heading for weekly gains. Uncertainty over Middle East supplies and a larger-than-expected draw…
US Crude Inventories Fall 8.6 Million Barrels as WTI Climbs Above $97
US commercial crude inventories fell 8.6 million barrels in the week ending October 9, according to the EIA. WTI rose…
Venezuela’s NABEP Deploys New Rigs as It Reports Output Above 200,000 Barrels Per Day
North American Blue Energy Partners (NABEP) is deploying new workover and drilling rigs in Venezuela as it reports output above…
Aramco CEO Nasser Warns Global Oil Squeeze Is Serious as Inventories Dwindle
Aramco CEO Amin H. Nasser says the global squeeze on crude oil is serious, with commercial onshore inventories now well…
