Global trade has recovered, but tensions remainCommodities

Global trade has recovered, but tensions remain

Globalisation has returned with such a vengeance that shipping companies are scrambling to keep up, driving freight rates skyrocketing. The…

Gold and Oil Rise as COVID Worries Continue to SurgeCommodities

Gold and Oil Rise as COVID Worries Continue to Surge

Gold rose in Asia early on Tuesday morning amid the recent surge in the COVID Delta variant.  The same virus…

OPEC+ Agrees to Boost Oil SupplyCommodities

OPEC+ Agrees to Boost Oil Supply

The ministers of the OPEC+ came to an agreement on Sunday to strengthen oil supply starting August. This is in…

Copper Regains Strength as China Becomes DovishCommodities

Copper Regains Strength as China Becomes Dovish

Copper shines anew on the last trading day of the week, following expectations on China’s further monetary easing. On Thursday,…

West Texas Intermediate Descends Back to $73/bblCommodities

West Texas Intermediate Descends Back to $73/bbl

The West Texas Intermediate could not handle the pressure of the lack of strong price catalysts on the market. The…

Soybean Edges Up, Brazil Farmers Get IncentiveCommodities

Soybean Edges Up, Brazil Farmers Get Incentive

Soybean futures for August delivery gets a 10 ¾ cent push per bushel on Wednesday, sending trading prices to $13.60.…

Copper Melts as Smelters Reduce ActivitiesCommodities

Copper Melts as Smelters Reduce Activities

Copper melts after Chinese smelters decreased production last month by 3.6%. The country’s policymakers vowed to cool down prices of…

Delta Variant Sends the Black Gold SweatingCommodities

Delta Variant Sends the Black Gold Sweating

Concerns over the trajectory of the rapidly-spreading Delta variant of Covid-19 start to weigh on the black gold’s price. In…

API Inventory Report Shows Fall in US Crude StockpilesCommodities

API Inventory Report Shows Fall in US Crude Stockpiles

This week’s API Inventory Report showed another round of decline in US crude stockpiles. For the week ending July 1,…

Sugar Price Declines Further Away from Multi-month HighCommodities

Sugar Price Declines Further Away from Multi-month High

Sugar price records another day of lukewarm trading after declining for the second straight day. The raw sugar contract for…