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Commodity News
Oil prices rise on OPEC deficit forecast
Oil prices rose recouping some of the previous session’s losses after OPEC forecast a supply deficit next year and the U.S. Federal Reserve held interest rates steady and struck an optimistic tone on the outlook of the economy. Read more
Dec 12, 2019
Oil prices slip again as spectre of trade war
Oil prices dropped for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. Read more
Dec 10, 2019
Oil on track for weekly gain as OPEC+ set to confirm supply cut
Oil prices steadied on Friday and were set for weekly gains ahead of a meeting of OPEC and its allies later in the day which is expected to formally agree to more output cuts in early 2020. Read more
Dec 6, 2019
