Oil set for weekly drop on US supply before Opec meet on cuts

2017-03-24 14:45

Oil has headed for a weekly loss as Opec and its allies prepared to meet for a review of their production cuts, while swelling US inventories indicated measures aren't working yet.

Iron ore takes a battering as bear market engulfs China futures

2017-03-22 13:14

Iron ore is getting battered. After rounds of warnings that this year’s rally may be overdone, the raw material is in retreat.

Oil drops as US drilling growth threatens to counter OPEC cuts

2017-03-20 12:01

Oil has fallen as US drilling continued to rise, undermining the potential for even an extended OPEC output-reduction deal to rebalance the market.

Oil set for first weekly gain this month

2017-03-17 10:13

Oil has headed for the first weekly advance this month after US crude stockpiles eased from a record and as Saudi Arabia signalled an Opec-led deal to cut supply may be extended.

Coal drags but mining production still on the up

2017-03-14 15:03

January mining production statistics show an improvement of 1.3% compared to the previous year.

Oil extends decline as US drilling accelerates amid Opec cuts

2017-03-13 10:32

Oil has extended its decline below $50 a barrel as US drillers continued to boost activity, countering Opec efforts to drain a global glut.

Opec's Houston huddle only deepens dilemma of extending cuts

2017-03-09 14:27

The Opec ministers have met with partners and rivals in Houston this week as they try to figure out whether to prolong production cuts, that decision only got harder.

Gold suffers worst run as slide below $1 200 looms

2017-03-09 09:19

Gold have been feeling the strain, being tugged back down toward $1 200 an ounce in the worst losing run since October.

Political volatility a key risk to SA's outlook - economists

2017-03-06 14:03

The 2017 economic cycle is highly dependent on movements in politics and commodity prices, say economists.

Oil slips as US stockpiles set record

2017-03-02 15:19

Oil has slid for a third day as record US crude stockpiles were seen jeopardising OPEC’s efforts to drain a global surplus.


Oil falls amid record US stockpiles

2017-03-24 09:29

Oil has dropped as US crude supplies rose to an all-time high while investors await a meeting between OPEC and its allies.

Brent oil extends drop as industry data shows rising US supply

2017-03-22 10:44

Brent oil has extended losses towards $50 a barrel as industry data showed US stockpiles expanded, raising speculation surging supplies are offsetting output cuts.

Oil declines as US drillers boost rigs

2017-03-20 09:41

Oil has declined as an increase in US drilling countered the prospect of OPEC extending an output-reduction deal.

Oil rebounds on US stockpile drop as Saudis lift output

2017-03-15 10:11

Oil has rebounded above $48 a barrel as a reported decline in US crude stockpiles countered a boost in output from Saudi Arabia.

Oil holds losses as US crude stockpiles seen rising

2017-03-14 09:32

Oil has held losses below $49 a barrel before US government data forecast to show record crude inventories expanded further.

Gold slides below $1 200 in longest losing run since Oct

2017-03-10 10:47

Gold has dipped below $1 200 an ounce in its longest losing run since October as positive US economic figures reinforce expectations.

Oil extends slump as euro gains before ECB meet

2017-03-09 14:22

Crude’s selloff has deepened, with prices slumping a fourth day amid a broad commodities retreat that dragged down European stocks.

Oil prices fall to 2017 low as US petroleum supply surges

2017-03-09 07:30

Oil prices have slumped to their lowest level of 2017 following a bearish US supply report that also dented American petroleum-linked shares.

Investors start doubting oil rally

2017-03-06 08:40

The oil market’s failure to break out of the tightest range in more than a decade is sapping investor interest.

Gold wilts as investors zero in on chance of March hike

2017-03-01 14:39

Gold has extended its losing streak on a surge in investors’ expectations that US central bankers may hike interest rates soon.

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