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Gold and Silver Prices Drop, Oil Prices Rise Globally
SadaNews Economy - Gold prices fell today, Friday, heading toward a weekly loss, amid a rise in the dollar to levels close to its highest in a month, while investors await the release of key U.S. inflation data to assess the Federal Reserve's monetary policy direction.
Gold dropped 0.1 percen...
Oil Continues to Rise Amid Increasing US Threats to Iran
SadaNews - Oil prices rose for the third consecutive day after US President Donald Trump warned Iran that it must reach a nuclear deal or face military strikes, reviving fears of potential disruptions and supply outages in the Middle East.
The prices of March delivery Brent crude contracts increa...
Decline in Global Gold and Oil Prices
SadaNews Economy - Gold prices closed lower at the end of the first trading day of the new year.
The U.S. gold futures contracts declined by (0.3%) at settlement to reach (4329.6) dollars per ounce, while gold in spot transactions increased by (0.28%) to reach (4326.23) dollars per ounce.
For...
Serbia Ready to Increase Spending to Regain Control of the Only Oil Refinery from Russia
SadaNews - Serbia has expressed its readiness to pay a higher price to regain control of the oil refining company "NIS AD", while looking for ways to separate the Russian-owned company from intensified U.S. sanctions, according to President Aleksandar Vučić on Sunday.
Vučić said during...
Oil Prices Rise After Reducing Losses in the Opening Session
SadaNews - Oil prices rose after reducing their losses in the weekly opening session, as investors balanced the implications of renewed trade tensions between the United States and China against global demand prospects.
Brent crude traded above $63 a barrel after rising in the previous session fo...
Oil Prices Decline as Traders Focus on Easing Tensions in the Middle East
SadaNews - Oil prices declined as traders focused on the easing tensions in the Middle East and rising U.S. inventories.
Brent crude fell below $66 a barrel after rising over 1% on Wednesday, while West Texas Intermediate stabilized near $62.
U.S. President Donald Trump stated that Israel and...
Oil Prices Decline as Traders Focus on Easing Tensions in the Middle East
SadaNews - Oil prices have declined as traders focus on easing tensions in the Middle East and rising U.S. inventories.
Brent crude fell below $66 a barrel after rising more than 1% on Wednesday, while West Texas Intermediate crude stabilized around $62.
U.S. President Donald Trump stated that...
Slight Rise in Oil Prices as Markets Focus on U.S. Inventory Data
SadaNews - Oil prices rose slightly after a mixed report on U.S. inventories was released, as traders continued to focus on broader supply forecasts, with the "OPEC+" alliance maintaining its production increases and the expansion of U.S. output.
Brent crude climbed close to $66 a barre...
Expectations for a Sharp Decline in Oil Prices in the Coming Months
SadaNews - The U.S. Energy Information Administration, in a report released today Tuesday, expected global oil prices to decline significantly in the coming months, as the increase in production by OPEC+ member countries will lead to a large accumulation of oil inventories.
The Energy Information...
After OPEC+ Production Increase.. Oil Prices Rise
SadaNews - Oil prices rose following the announcement by the "OPEC+" alliance regarding a modest increase in production starting from next October, in a move that reflects the alliance's caution amid expectations of a global supply glut.
The new agreement is seen as a gradual retrea...