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US crude oil, gasoline, and distillate inventories dropped in the week ending 28 May as refining activity jumped in trading commodities, the Energy Information Administration said on Wednesday.The figures are crucial to commodities traders, who seek clues to commodity
Commodity trading: Oil, gold rises
Oil prices rose on Wednesday after US oil storage data showed a larger-than-expected drawdown in crude stockpiles, a sign usage is ramping up ahead of the summer driving season, an important time in commodity trading.Brent crude futures were up 52
Top commodity news: Oil & gas trading opportunities!
In top commodity news - Saudi Arabia’s real gross domestic product (GDP) contracted by 1.8% on a year-on-year basis in the first quarter of 2024, following a 3.7% drop in the fourth quarter of 2023.This comes as lower oil
Latest oil trends: Prices rally, traders eye new Namibia deposits!
Brent crude oil prices held steady in the latest oil trends. Oil moved close to $88 a barrel on Wednesday, after a rally the previous day, spurred by a surprise drop in US crude inventories and shrinking business activity in
Commodity news: Oil price falls nearly 3%
In commodity news, Oil prices fell almost 3% on Wednesday as upward pressure from concerns about violence in Ukraine gave way to weaker economic indicators from China and the passage of US legislative support for Ukraine and Israel, according to
Commodity trading alert: Oil, Gold prices soar in market
In commodity trading, oil prices held steady Wednesday near six-month highs after rising by a dollar a barrel the day before.Investors are bracing for more volatility from the Middle East to affect prices.Brent crude futures rose 27 cents or