Oil prices dropped on Friday (June 3) after the Organization of the Petroleum Exporting Countries and allies, or OPEC+, agreed to bring forward oil production rises, although tight global supply and rising demand as China eases Covid restrictions limited the decline.
The prices of gold extended gains on Wednesday (May 11) after another higher-than-expected inflation reading in the US signaled the economy continues to face upward price pressures.
Precious metals prices declined on Friday (March 25), with palladium leading the losses and plunging 5.58% at 1:27 pm ET, selling for $2,390.75 per ounce.
Gold prices edged higher on Thursday (March 10) with the yellow metal bouncing above the $2,000 an ounce level after reports suggested that negotiations between Russia and Ukraine in Turkey yielded no tangible results.
The surge in wheat prices is deepening consumers' pain as the ongoing military conflict in Ukraine threatens the already-tight global supply of the commodity. U.S.
The prices of gas futures were up over 50% hitting a fresh record high on Wednesday (March 2) as the Russia- Ukraine military conflict continues.
Major oil company BP said Monday (Feb. 14) that the crisis in Ukraine has no impact on its operations in Russia.
Oil prices dropped on Wednesday (Dec. 29), even after EIA data showed US crude inventories fell more than expected last week.
Prices of precious metals including gold advanced on Tuesday (Dec. 21), as lockdown concerns and risks posed to global economic growth burnished the yellow metal's safe-haven appeal.