Commodities

The Brent benchmark was trading down 4.81% on the day, or $3.12 down per barrel at $61.79 and later ended...

Gold prices drifted lower at the fourth trading session of the week.

At the time of writing this report, Brent crude rallied by 1.8%, to trade at $63.04 a barrel after losing...

The precious metal rallied higher at the mid-week trading session as buyers got assurance from the U.S. Federal Reserve.

West Texas Intermediate (WTI), crude futures plunged by over 3%  to trade below $60 a barrel.

Oil traders are arbitrarily going short, on signs of more COVID-19 lockdowns in Europe.

U.S based oil contract, West Texas Intermediate futures plunged by 6.4%, and Brent crude futures dropped by 6.8%.

Brent crude futures were down by more than 0.6% to trade at $67.50 a barrel after losing 0.6% yesterday.

Brent crude futures were also down by 0.2%, to trade at $68.29 a barrel.

Oil traders anticipate such delays in COVID-19 usage could adversely affect energy demand.