Oil trades below $45 before Opec committee meets on output cuts

2017-07-24 07:56

Oil has traded below $46 a barrel before an Opec committee meets to discuss the progress of supply cuts enacted to drain a global glut.

Zinc's rally set to endure as top producer predicts $3 000

2017-07-21 09:32

The rally in zinc prices has the potential to jump this year to levels not seen in a decade as demand continues to outstrip supply amid mine output disruptions.

Oil holds gain near $47 after US stockpiles extend declines

2017-07-20 09:39

Oil has held gains near $47 a barrel as US crude and gasoline stockpiles extended declines, easing concerns over a global supply glut.

Oil slips as industry data signals gain in US crude stockpiles

2017-07-19 07:52

Oil has slipped after the industry-funded American Petroleum Institute was said to report an increase in US crude stockpiles.

Oil lingers near $46 as US and Libya seen boosting production

2017-07-18 09:08

Oil has traded near $46 a barrel after snapping a five-day gain on concern output in the US and Libya is growing just as demand shows signs of improvement.

Oil gets some respite as bears give summer optimism a chance

2017-07-17 07:51

Oil skeptics are letting a little sunshine in. After the worst June for oil in six years, hedge fund bets on declining West Texas Intermediate retreated.

Best-performing metals as hard to trade as they are to find

2017-07-14 11:41

Even if you’d heard of this year’s best-performing metals, betting on them would probably have been a struggle.

Oil holds near $45 as traders weigh US output

2017-07-13 10:29

Oil has traded near $45 a barrel as investors weigh resurgent US output against declining crude and gasoline stockpiles.

Goldman sees risk of oil below $40 without OPEC 'shock and awe'

2017-07-11 09:30

OPEC needs to 'shock and awe' the oil market for prices to gain, according to Goldman Sachs Group.

Oil falls as talk of Libya, Nigeria caps can't dispel Opec doubt

2017-07-10 15:35

Oil has fallen from the lowest closing price in two weeks as talk of Libya and Nigeria being requested to cap their production failed to dispel doubts about the effectiveness of Opec’s cut.


Oil plods to weekly gain as OPEC faces dilemma

2017-07-21 09:44

Oil has edged toward its second weekly increase as OPEC and its allies prepare to review their plan to clear a global glut that hasn’t worked as they hoped.

Brent Crude advances above $50 for first time in six weeks

2017-07-20 14:57

Oil has climbed above $50 a barrel in London for the first time in six weeks after further declines in US crude and gasoline inventories eased concerns over a global glut.

Oil steadies amid mixed signals on US crude inventories

2017-07-19 14:31

Oil has been steady amid mixed signals on US crude inventories, with industry data showing supplies increased.

Rand gold price takes a plunge

2017-07-18 17:40

There has been a massive decline in the rand gold price from a high of R20 300 to R16 180 as at 30 June, according to the most recent SA Bullion Gold quarterly report.

Oil extends gain above $46 on robust economic growth in China

2017-07-17 11:24

Oil has extended gains above $46 a barrel in New York after China’s economic growth in the second quarter slightly surpassed expectations.

One billion tons of iron ore headed for China as miners jump

2017-07-14 14:25

Iron ore imports by China this year are on course to exceed 1 billion metric tons by a comfortable margin, breaking 2016’s record.

Oil's weekly gain belies smaller-than-$1 increase from late 2016

2017-07-14 08:37

Oil is set to rise this week, 2017 demand is seen growing more than previously expected, and US stockpiles are declining.

Oil extends advance above $45 on signs US stockpiles declined

2017-07-12 07:46

Oil has extended gains above $45 a barrel as US industry data showed crude and gasoline stockpiles declined, easing a glut.

Oil holds gains above $44 as US crude stockpiles seen falling

2017-07-11 07:59

Oil has held gains above $44 a barrel before U.S. government data forecast to show crude stockpiles extended declines, trimming a glut.

Oil gains after weekly loss as Libya may be asked to cap output

2017-07-10 07:34

Oil has rebounded after a weekly loss as Kuwait said Libya and Nigeria may be asked to cap supply to help rebalance the market.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.