Commodities Market Review: OPEC Failed to Contain the Rising Oil Price

Global Oil Price Hit Near 3-Year High The oil price has stayed low since December 2014 when robust global production significantly exceeded demand. However, on June 29, WTI (West Texas Intermediate) price surged by more than 4% to $74.15 per barrel, the highest level since the end of 2014. The immediate cause is the production […]

Commodities Market Review: Brent Crude Oil Climbs To New 3 Year High

Crude Oil Market ICE_B1, a benchmark for brent crude oils, had one of the highest returns of the commodities package with increases of 6.97% over the one month period from April 22 to May 22, 2018. One can reasonably suppose that geopolitical concerns led to this increase as crude oil hit some its highest prices […]

Gold News: Key Developments To Watch This Week For Gold And Oil

Gold prices fell last week for its second weekly drop in a row, as analysts speculated that interest rates would rise during the current year.