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Commodities News
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…
Gold dips as bond yields rise before Fed meeting
By Bharat Gautam(Reuters) - Gold prices fell on Monday as elevated U.S. Treasury yields pressured demand for zero-yield bullion, ahead…
Oil prices extend losses as Shanghai lockdowns hit demand outlook
By Yuka ObayashiTOKYO (Reuters) - Oil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in…