Crude prices hit a 3-1/2-year high on Tuesday as investors digested OPEC's monthly report for April and news on planned fresh U.S. sanctions against Iran.
Russia, the world’s biggest energy producer has been selling less crude to Europe while pumping more oil to China, according to media reports.
Oil prices dipped on Monday as a rising rig count in the United States pointed to higher production, but markets held near more than three-year highs and were on track to rise for a second consecutive month. In the US, working oil rigs rose by
Oil price extended gains Thursday, rising to the highest levels in more than three years ahead of a crucial meeting between the Organization of the Petroleum Exporting Countries (OPEC) and Russia.
Aluminum climbed to a six-year high on Friday and posted its biggest weekly gain as U.S. sanctions on leading Russian producer Rusal sent buyers and business partners to find supplies.
Oil prices soared to their highest level since December 2014 amid the possibility of the US carrying out air strikes against Syria.
Latin American countries are set to hold this year the highest number of oil auctions in history, opening about 1,100 oil and gas blocks for foreign capital.
Gold investment around the world will rise for fifth year in 2018 according to CPM Group, an independent commodities research company, as geopolitical instability and fears that the bubbling U.S.
The 12 biggest investment banks' revenue from commodity trading, selling derivatives to investors and other activities in the sector dropped 42 percent in 2017 Reuters reported citing a report by financial industry analytics firm Coalition.
By Amanda Cooper