Oil Falls as US Crude Inventories Post First Jump Since August

Oil futures are tumbling midweek as the US government reported that domestic crude inventories recorded their first increase in six weeks. Crude’s losses have been capped by brewing tensions between the US and Iran after President Donald Trump warned of further pressure on the Tehran regime, which might threaten production … [Read More...]

Copper Joins Other Metals in Massive Selloff

Copper futures are falling as much as 2% on Tuesday as other precious metals crater to 2018 lows. The industrial metal is sliding on a strengthening US dollar and rising inventories, sending copper prices closer to the crucial $3 threshold. July copper futures tumbled $0.041, or 1.34%, to $3.052 per pound … [Read More...]

Natural Gas Futures Jump as Domestic Supplies Slide

Natural gas futures are advancing towards the end of the trading week as the US government reported that domestic stockpiles fell more than expected. Natural gas prices rose sharply before paring some of those early gains. May natural gas futures jumped $0.01, or 0.35%, to $2.683 per million British thermal … [Read More...]

Natural Gas Strengthens on Decline of US Supplies

Natural gas futures surged on Thursday after a new US government report showed a significant decline in domestic inventories. With supplies sliding below the five-year average, natural gas prices could reverse last month’s trend when it posted a 6% drop. April natural gas futures rose $0.04, or 1.5%, to … [Read More...]

Gold Tops Four-Month High on High Inflation Data

Gold futures are trading at their best levels in four months. Following the release of higher-than-expected inflation data, which impacted US Treasury yields, the yellow metal climbed towards the $1,330 mark. Silver prices are also posting higher gains. February gold futures rose $6.00, or 0.45%, to $1,328.50 per … [Read More...]

Natural Gas Futures to Settle at Best Levels in a Week

Natural gas futures are poised to finish the trading session at their best levels in about a week. After data highlighted the biggest withdrawal in US supplies in storage on record, natural gas prices surged more than 5%. February natural gas futures rose $0.164, or 5.64%, to $3.07 per million … [Read More...]