Crude oil prices dropped at the last trading session of the week amid fears of a slow recovery in the global economy.
Oil prices are expected to rise slightly in the last quarter of the year, with further gains due to a cold snap in global travel and...
Renewed spike in coronavirus cases in major economies slowing down the oil demand recovery has forced OPEC to revise expectations.
Crude oil prices recorded impressive gains amid high hopes that leading oil producers will suspend plans on increasing oil supply.
Nigerian billionaire Benedict Peters has made plans to develop a platinum mine in Zimbabwe with at least a billion dollars.
At about 10.05 am Nigerian time on Tuesday, November 10, Gold futures were up 1.69% at $1885.60.
Brent crude prices were up about 9.25%, breaking out of its strong resistance level of $43/Barrel.
Gold futures traded at $1,890/ounce, losing over 3% in value after trading as high as $1966/ounce on Monday morning.
Brent oil futures gained 2.71% to $40.53 and West Texas Intermediate futures soared higher by 2.91% to trade $38.22.
Traders are anticipating more stimulus packages under a blue party in power, and a more dovish central bank approach.
