Entries by MT Newswires

Weekly Commodities ETF Report: Sanctions on Venezuela, Tighter Production Boost Crude Prices; Gold, Soybeans Gain on Strong Economic Data, Progress in Trade Talks

(MT Newswires) – Crude prices ended Friday’s session higher as tighter US sanctions on Venezuela’s access to the global financial system and reduced exports by Saudi Arabia to the US combined for unexpected tightness in supplies for US refiners.  The Organization of the Petroleum Exporting Countries (OPEC) and its allies also appear to be making […]

Weekly Commodities ETF Report: Crude Sees First Decline in Four Weeks; Gold Closes Week Higher on Temporary End to Government Shutdown

(MT Newswires) – Crude prices ended Friday’s session higher but recorded their first weekly decline in four weeks after domestic supplies in the US hit their highest level in two months, outweighing the impact of political turmoil in Venezuela, a country whose oil reserves are bigger than Saudi Arabia’s. The Energy Information Administration (EIA) said […]

Weekly Commodities ETF Report: Crude Climbs for the Week as OPEC Reports Production Cut; Optimism for US-China Trade Deal Boosts Copper, Soybeans

(MT Newswires) – Crude prices ended Friday’s session higher, hovering near one-month highs to close the week in positive territory after members of the Organization of the Petroleum Exporting Countries (OPEC) reported the biggest monthly drop in production in nearly two years as part of efforts to keep oil markets balanced over the whole of […]