Entries by MT Newswires

Weekly Commodities ETF Report: Optimism for US-China Trade Deal Fuels Gains for Crude, Drives Gold Lower

(MT Newswires) – Crude ended Friday’s session and week higher, on media reports of a partial trade deal between the US and China, which augured well for oil demand globally. “Good things are happening” in the trade meeting with China, President Donald Trump had tweeted early on Friday. Bloomberg later reported the partial agreement could […]

Weekly Commodities ETF Report: Crude Ends Lower on WTO Downgrade of Trade Growth Forecast, Weak Manufacturing and Services Data; Gold Rescued by Lukewarm Jobs Data

(MT Newswires) – Crude ended Friday’s session higher but closed the week lower, as pressure on oil producers increased after the World Trade Organization (WTO) said earlier in the week escalating trade tensions and a slowing global economy have led its economists to “sharply downgrade” forecasts for trade growth in 2019 and 2020.  The energy […]

Weekly Commodities ETF Report: Crude Closes Lower on Supply Issues, Lingering Slowdown in Demand; Gold Slips Despite Stocks’ Weakness Due to Impeachment, US-China Trade Worries

(MT Newswires) – Crude ended both Friday’s session and the week lower, as Saudi Arabia’s crude production recovered faster than expected after the drone attacks last week. Traders are also keeping a close eye on Iran and the US sanctions imposed on the Middle Eastern country after the US and Saudi Arabia tagged it as […]