Oil slips from 19-month high

2017-02-24 15:18

Oil has retreated from the highest closing level since July 2015 as markets remained adequately supplied even as OPEC’s output cuts began to take effect in the US.

Oil rides best rally in 2 months

2017-02-22 10:05

Oil has extended gains in its longest rally since the end of December on increasing confidence that OPEC’s supply curbs will outweigh a gain in US crude stockpiles.

Yellen can't halt Trump gold rally

2017-02-20 14:34

Gold bulls are acting as if they can’t believe a good thing when they see it.

Opec wins investors back as cuts prompt record bets on oil

2017-02-20 08:57

The members of the Organisation of Petroleum Exporting Countries have never taken supply cuts so seriously, and hedge funds are loving it.

Russia says to meet oil output cut deal by April

2017-02-16 13:57

Russia has said it will fully comply with an oil output cut agreement with other oil producing countries by the end of April.

Kuwait sees Opec leaning on non-members to cut more oil output

2017-02-13 14:58

Opec is urging oil suppliers outside the group to fulfill their commitments to cut output, and crude prices will rise once producers demonstrate better compliance with their agreement to clear a global glut.

Oil jumps as IEA sees record OPEC cuts compliance

2017-02-10 16:16

Oil has jumped as the International Energy Agency said OPEC had achieved record initial compliance of 90% with their cuts agreement.

Oil market 'responding positively' to output cut: OPEC president

2017-02-08 15:24

Qatar's energy minister, the current OPEC president, says that world oil markets are 'responding positively' to output cuts implemented by the cartel and some non-cartel producers.

Gold reaches three-month high as buyers flock back

2017-02-08 14:36

Gold has reached a three-month high as investors purchased metal through the biggest exchange-traded fund for a fifth day, the longest buying spree since June.

Oil trades near $54 as Iran tension offset rising US drilling

2017-02-06 14:41

Oil has traded near $54 a barrel as increased tension between Iran and the US countered expectations of rising American production.


Weak oil shares pressure US stocks, Dow hits record

2017-02-23 07:52

Petroleum-linked shares have fallen on lower oil prices, pressuring US stocks, as the Federal Reserve minutes showed officials expect to hike interest rates "fairly soon."

Growing commodity demand positive for SA - economist

2017-02-20 19:49

Increasing infrastructure spend in the US could be a positive for South Africa as it drives demand for commodities.

Oil hovers in tight trading range

2017-02-20 13:18

Oil has held above $53 a barrel, after spending last week in the smallest trading range in 13 years.

Yellen can't halt Trump gold rally

2017-02-20 08:08

Hedge funds have reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains.

Tensions rise as strike hits world's top copper mine

2017-02-13 17:01

BHP Billiton has said it will take legal action after a group of about 300 people entered the Escondida mine during a strike and forced some contractors to abandon the site.

Oil slips as US drilling gains counter Opec production cuts

2017-02-13 12:48

Oil fell in New York, snapping a three-day gain on signs that Opec’s production cuts will stimulate a recovery in US crude production.

Iron ore powers back to $100 in China

2017-02-10 09:51

Iron ore keeps getting told the end may be nigh: so far in 2017, the response has been that the end’s just another high.

Commodities boom may prolong Zim's economic crisis - report

2017-02-08 15:12

Rising commodity prices will allow a continuation of policy decisions that will only prolong long-term economic stagnation in Zimbabwe, says a report by a research house.

Oil declines on speculation US supply gains will counter Opec

2017-02-08 08:11

Oil has fallen a third day after industry data showed US crude stockpiles surged, raising speculation rising supply from US shale producers is offsetting cuts by Opec.

Why copper may be best performer in 2017

2017-02-06 12:52

Copper has been one of the worst performing commodities over the past few years, but recently it started to look set to be the best performing commodity of 2017.

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