Entries by MT Newswires

Weekly Commodities ETF Report: Crude Edges Lower, OPEC to Discuss Possible Output Cuts; Metals, Soft Commodities Get Lift on Hopes for US-China Trade Talks

(MT Newswires) – Crude ended Friday’s session lower, on pace for sharp declines this month of more than 20%. Worries about slowing growth continue, coinciding with signs of crude output increasing. On Friday, Russian Energy Minister Alexander Novak said during an interview with the TASS news agency that the Organization of Petroleum Exporting Countries (OPEC) […]

Weekly Commodities ETF Report: Crude Ends Week Sharply Lower as Oversupply Worries Overshadow Hopes for OPEC Production Cuts

(MT Newswires) – Crude ended Friday’s session in negative territory, extending its recent decline to its lowest level in more than a year. A continued increase in supply, which has outpaced global demand for crude, has contributed to the lower prices, despite oil producers reportedly looking to cut production. Scotiabank analysts Friday morning said indications […]

Weekly Commodities ETF Report: Crude Sinks as US Approves Exemptions to Ban on Iran Crude Imports; Hopes for US-China Trade Deal Lifts Copper, Soybeans

(MT Newswires) – Crude ended Friday’s session with sharp losses, hovering near seven-month lows, as the US agreed to waivers for eight jurisdictions to continue to import Iranian crude following the imposition of sanctions next week. Even with these exemptions, expectations are for a supply contraction of 500,000 barrels per day in Iranian exports, which […]