Search
News
Russia's largest oil producer criticizes OPEC+ cut policy – Commerzbank
The head of Russia's largest oil company says that the production cuts by OPEC+ in 2016 and 2020 have strengthened the US shale oil industry and enabled the US to become a leading oil exporter, Commerzbank’s commodity analyst Carsten Fritsch notes.Fxstreet
Dec 6, 2024
Crude Oil flirts with weekly loss as OPEC+ decision fails to provide support
Crude Oil dips below $68.00 on Friday as selling pressure persists once OPEC+ has officially confirmed it will only delay its output normalization schedule by three months. That was the consensus view of markets, and investors took it as far too little inFxstreet
Dec 6, 2024
Gold price ticks higher ahead of US Nonfarm Payrolls report
Gold price (XAU/USD) recovers intraday losses and edges higher to around$2,640 in European trading hours on Friday ahead of the United States (US) Nonfarm Payrolls (NFP) data for November, a key release to get more cues about which direction US interest rates could be heading to.Fxstreet
Dec 6, 2024
WTI struggles near weekly low, below $68.00 mark as traders await US NFP report
West Texas Intermediate (WTI) US Crude Oil prices remain under some selling pressure for the third consecutive day on Friday and trade near the lower end of the weekly range, around the $67.80 region during the Asian session.Oil: OPEC+ drops its plans to return the oil production – TDS
Reports that OPEC+ has kicked the can on its plans to return unwanted barrels back to markets by three months will keep crude oil prices from falling further in the imminent term, but the drag from energy supply risk premia will persist nonetheless, TDS’ Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Dec 5, 2024
Gold: 2024 is Gold's year – TDS
Gold's price performance was exceptionally strong, with scarce historical analogies available for such a strong performance outside of a USD bear market and with a concurrently strong year in equity markets, TDS’ Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Dec 5, 2024
Featured Tools
Top News
SanDisk Stock Has Skyrocketed 6,500% Since Spinning Off From Western Digital. Can You Buy This AI Storage Leader Now?
Micron Stock Hits Record High After Q3 Earnings: Can It Break the Memory Cycle?
US Copper Tariffs Finalized on June 30; COMEX Inventories Hit Record 650,000 Tons, Goldman Expects Copper May Breach $14,000 After Tariffs Take Effect
US Stocks Close: Nasdaq Falls for Fifth Day, Philly Semiconductor Index Drops Over 5%; OpenAI Postponing Listing Date Triggers Selloff in Chip, Memory Stocks
OpenAI IPO Delay Sends SoftBank Shares Plunging Over 12%, Masayoshi Son Prepares Roze for $100 Billion IPO
