Oil jumps 7% as Middle East airstrikes resume and U.S. crude stockpiles hit a 2018 low
Oil prices climbed 7% on Wednesday as airstrikes resumed in the Middle East and U.S. government data put crude inventories...
Commodities News
Latest commodities market news — gold, silver, oil, natural gas and metals. Price movements, supply factors and macro drivers explained by our analysts.
Guyana Nears One Million Barrels Per Day as Exxon Readies Fifth Offshore Project
Guyana is on track to pass one million barrels of oil per day as ExxonMobil brings a fifth offshore project...
Drone hits gas storage tanker at Egypt’s Damietta port, fire spreads to second vessel
A drone struck a U.S.-owned gas storage tanker at Egypt's Mediterranean port of Damietta on Wednesday, maritime security firm Ambrey...
U.S. Crude Oil Inventories Fell 7.2 Million Barrels Last Week, More Than Expected
U.S. commercial crude oil inventories fell by 7.2 million barrels in the week ended July 24, against a Wall Street...
Gold Eases a Third Day to Retest $4000 Support Before Fed Decision
Gold eased for a third straight day on Wednesday and retested $4000 support, with a firmer dollar keeping the metal...
