Entries by MT Newswires

An Important Update on Our Global Operations Amidst the COVID-19 Outbreak

As the COVID-19 public health emergency continues to spread and create challenges for families and businesses worldwide, we’re reaching out to let you know how MT Newswires is addressing the situation at hand. Our principal concern is the well-being of our staff, their families, and our partner and client communities. We have successfully activated our […]

Weekly Commodities ETF Report: Crude, Gold End Week Lower as Coronavirus Worries Continue; Wheat Hits Biggest Weekly Gain in Nine Months

(MT Newswires) – Crude oil prices slumped on Friday, extending declines this month to more than 50%, after Russia reportedly turned down US President Donald Trump’s offer to help resolve a price war with Saudi Arabia. Shrugging off the verbal intervention by President Trump, Russia views “Saudi Arabia’s behavior as ‘blackmail’ and refuses to yield […]

Weekly Commodities ETF Report: Crude, Gold Hit Multi-Year Lows as Global Concerns Over COVID-19 Outbreak Deepen

(MT Newswires) – Crude oil prices continued to slump on Friday, dropping for the sixth-straight session to the lowest since the end of 2018 as the coronavirus continued its spread outside of China, and quarantines and travel restrictions slashed demand. According to Johns Hopkins University data, South Korea now has 2,337 cases of the virus […]

Weekly Commodities ETF Report: Crude Logs Gains as Traders Digest Supply Response to Lower Demand Due to Coronavirus Outbreak; Lingering Concerns Drive Gold to 7-Yr High

(MT Newswires) – Crude oil was lower on Friday but managed to end the week in positive territory, as traders mulled the supply response to weaker demand caused by the coronavirus.  Jet fuel demand fell as airlines cut the number of flights to and within China, where many factories and businesses remain shuttered. However, Commerzbank […]

Weekly Commodities ETF Report: Crude Surges to Month’s Highest Level on Optimism Coronavirus Impact Can be Abated; Gold Hits 2-Week High

(MT Newswires) – Crude oil rose to the highest level this month on optimism that the impact of the coronavirus may be short-lived.  The World Health Organization reportedly played down fears by saying the recent jump in the number of diagnoses didn’t necessarily reflect a sudden surge in new infections, soothing investors’ nerves after the […]

Weekly Commodities ETF Report: Crude in the Red as OPEC+ Weighs Coronavirus Impact on Demand; Copper, Agri Commodities Rise as China Halves Tariffs on US Imports

(MT Newswires) – Crude prices fell Friday as markets continued to assess the impact of the new coronavirus on oil demand. A technical panel from the Organization for the Petroleum Exporting Countries and other producers, known as OPEC +, recommended an additional cut of 600,000 barrels per day in oil output in response to the […]

Weekly Commodities ETF Report: Crude, Gold Surge as Middle East Tensions Rise Following Death of Top Iranian General in US Forces Assault in Iraq

(MT Newswires) – Crude surged higher Friday, closing at $61.18. and rounding out the week with gains of 2.04%, following the overnight killing of Iran’s top military commander in a US drone strike outside Baghdad. The US said late Thursday that it killed Gen. Qassem Soleimani in an airstrike near the airport in Iraq’s capital […]

Weekly Commodities ETF Report: Crude, Gold Close Week Higher on Upbeat Sentiment Following Phase One Trade Deal

(MT Newswires) – Crude rose to the highest level in three months early Friday on optimism after a partial “phase-one” trade deal was announced in which China failed to commit to a specific dollar amount of purchases and the Trump administration removed the threat of any new import tariffs on Sunday. The Office of the […]