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Commodities News Page 2


Bear market extends for US natural gas price

Natural gas prices fell on Friday, extending losses to 14 out of the last 15 trading sessions as milder weather in the US reduced pressure on inventories

Neil Dennis

Argentina drought fears push soyabean prices higher

Corn prices have also climbed on expectations that this season’s yields will suffer.

Graham Buck

Crude prices rally following oil market correction

Oil prices moved higher on Thursday, extending Wednesday's strong performance that followed US inventory data that showed a smaller than expected rise in crude stockpiles last week

Neil Dennis

Gold rallies against the dollar

Gold rallied against the dollar today, briefly hitting $1,330 an ounce

Claire Veares

Venezuela’s oil output falls to lowest level in nearly 30 years

Venezuela pumped 1.6m barrels of oil per day last month, down 20% from a year ago.

Claire Veares
Oil barrels

Rise in global oil production set to outpace demand this year

The International Energy Agency (IEA) has said that a rise in global oil production, led by the US, is likely to outpace growth in demand this year.

Alison Bloomer
Steel production

ArcelorMittal joins bidding for India’s Essar Steel

The world’s largest steel producer has put in an offer for the financially troubled group ahead of today’s bids deadline.

Graham Buck

Oil prices rise after six-session correction

Crude oil prices rose strongly on Monday after a sharp sell-off in the previous week, as investors appeared to seeking bargains at lower price levels

Neil Dennis
Oil fracking

High US oil output hits crude prices

Oil prices have fallen for the sixth consecutive day as high output of US crude threatens a global oil glut.

Richard Reed

Oil prices hit two-month lows as US ramps up output

Oil prices fell to two-month lows on Friday after data this week indicated US production hit record levels, raising concerns the market will become oversupplied

Neil Dennis

Britain's Forties oil pipeline unexpectedly shut

Britain’s Forties oil pipeline was shut on Wednesday after the unexpected closure of a feed control valve connecting to the Kinneil gas plant, traders said, just over a month after restarting following a major outage.

Alison Bloomer

Archer Daniels Midland reports earnings jump

Grain merchant and processor Archer Daniels Midland reported a jump in fourth-quarter profits on Tuesday, helped by US tax reform.

James Hester

Oil prices hit by falling stocks

Oil prices and industrial metals fell on Tuesday as concerns that an environment of higher inflation and the subsequent central bank response could threaten the economic recovery and therefore demand for industrial commodities

Neil Dennis

Randgold outperforms FTSE after dividend hike

Randgold Resources, the South Africa-based gold miner listed on London's stock exchange, doubled its dividend for 2017 after it reported on Monday its seventh-consecutive year of record gold production

Neil Dennis

Oil gains after Goldman Sachs predicts rise above $80

Crude prices climbed on Friday, with Brent crude hitting $70 a barrel, as the market continued gains from overnight after an optimistic outlook on the oil market by Goldman Sachs

Neil Dennis