Entries by Samantha Schultheis

Weekly Commodities ETF Report: Crude Ends in the Red Ahead of OPEC+ Meeting; Gold Gains as Equities Slip on Trade Deal Uncertainty

December 2, 2019 in , /by

(MT Newswires) – Crude ended Friday’s session lower ahead of this week’s meeting of the Organization of the Petroleum Exporting Countries (OPEC), Russia and other oil-producing countries (known as the OPEC+ group) to decide on whether to extend 1.2 million barrels per day of production cuts.  Most analysts are expecting an extension of at least […]

Weekly Commodities ETF Report: Crude Ends Week Higher Despite Jump in OPEC Output; Progress in US-China Trade War Deflates Safe-Haven Buying in Gold

September 9, 2019 in , /by

(MT Newswires) – Crude ended both Friday’s session and the week higher as a decline in the US oil rig count and crude inventories overshadowed the results of a closely watched survey of the Organization of the Petroleum Exporting Countries’ (OPEC) output.  The latest S&P Global Platts survey showed that the average daily output from […]