Entries by MT Newswires

Weekly Commodities ETF Report: Crude Ends Week in the Red as 2020 Oil Demand Outlook Worsens; Gold Logs Best Week in Two Months as Equities Slump

(MT Newswires) – Crude ended Friday’s session higher, supported by expectations of more output cuts from the Organization of the Petroleum Exporting Countries (OPEC) and its allies. Russia had said that it extended an output reduction deal with OPEC, while Saudi Arabia, the de facto leader of the organization, plans to maintain its crude oil […]

Weekly Commodities ETF Report: Crude, Agri Commodities Slump as US-Sino Trade War Sparks Anew; Gold Climbs to Six-Year High on Safe Haven Appeal

Crude ended Friday’s session higher, regaining ground after seeing its biggest one-day decline in more than four years, but ultimately ended the week in the red amid worsening trade relations between the world’s two largest economies.  Earlier this week, crude prices were on the uptick; according to Action Economics, expectations for a Federal Reserve rate […]

Crude Closes Week Higher on Middle East Tensions, Supply Issues; Gold Ends Lower as ECB Maintains Benchmark Rates

(MT Newswires) – Crude ended Friday’s session higher amid ongoing tensions in the Middle East, which are threatening the free flow of oil in the region. Iran and the UK are embroiled in a tense standoff over British authorities’ seizure of an Iranian tanker off Gibraltar in early July and Iran’s detention of a UK-flagged […]

Weekly Commodities ETF Report: Crude Ends Week Down Most Since May on Weakening Demand, Middle East Tensions; Gold Boosted by Renewed Hopes for Interest Rate Cut

(MT Newswires) – Crude ended Friday’s session lower, with prices recording their biggest weekly decline since the end of May amid falling demand for oil and mounting geopolitical risks in the Middle East. According to the BBC, the owners of Stena Impero, which was bound for Saudi Arabia, said they are unable to contact the […]