Commodities
Articles on commodities such as gold, iron, oil, cotton etc.
Gold futures reach two-months high over rising COVID-19 cases
Gold futures kept the momentum up as more investors turned to the safe-haven asset.
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Oil plunges as worries over demand outweigh tighter supply
OPEC+ has not decided on whether to extend the record supply cut of 9.7 million barrels per day.
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Nigeria’s Bonny light reaches four months high
Bonny light crude reached a four-month high, since early March 9, where its price fell to $37.22.
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Crude oil closes high, Nigeria to comply with output cut
Oil traders have flagged the start of hurricane season as a potential headwind for crude oil prices.
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Gold price up as COVID-19 cases rise, U.S-China tensions heighten
The dollar’s rise to a near two-week high in the previous session subdued gold’s advance.
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Nigeria’s potential crude oil reserves expected to fall by 6 billion barrels
The company expects potential reserves in Nigeria to fall further by 6 billion barrels.
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Brent crude recovers to 90% of pre-coronavirus levels, as global demand rises
The oil market is stabilising amidst compliance of OPEC+ members with the agreement to cut oil production.
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Brent Crude falls, U.S Crude Oil Inventories record a two week high
Brent crude is the leading global benchmark for Atlantic basin crude oils.
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Brent Crude slumps, COVID-19 fears dampens oil demand
Brent crude is the leading global benchmark for Atlantic basin crude oils.
Read moreDetailsGold rises following Fed Reserve increased support measures
The commodity typically gains when there are increased stimulus measures from major central banks
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