COMMODITY INSIGHTS
Commodities are capturing vastly the attention of investors amid the latest monetary turbulence. Our experts, therefore, demonstrate the daily global commodity key developments to know.
03 Apr 2023
Brent jumps over 5% to $84 after a surprising OPEC+ output cut
Brent and WTI crude oil prices jumped 5% to $84/b and $80/b on Monday morning, as OPEC and its allies led by Russia announced a surprising output cut of 1
31 Mar 2023
Silver rallies to $24 on a banking turmoil and the supportive gold-silver ratio
Silver extended recent gains on Thursday toward $24/oz, a level last seen at the end of January, as a softer U.S. dollar and lower bond yields drove demand for the...
28 Mar 2023
Brent jumps 5% on supply disruption from Kurdistan region in Iraq
Both Brent and WTI crude jumped over 5% to $78/b and $73/b respectively on Monday following news that the Turkish port of Ceyhan stopped pumping crude from Kurdistan via an oil pipeline following an...
27 Mar 2023
Crude oil trades to near a 15-month low as bank fears persist
Crude oil prices traded just above a 15-month low on Monday morning as market participants concern over more banking defaults around the world, following the worst...
21 Mar 2023
Gold rallies briefly above $2,000 on safety bets after banking uncertainty
Gold shines once again, as its price briefly topped the $2,000 key level on Monday morning for the first time since early March 2022, as the domino collapse of Silicon...
20 Mar 2023
WTI crude oil slips to $64/b on banking and recession fears
Crude oil contracts have started the new week with further declines following the banking crisis and the economic uncertainty, with the price of Brent crude falling as low as the $70/b support level,...
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