The latest of commodities coverage on eLesor.

Gold sinks 2% Thursday in bullion's first settlement after Fed minutes

Gold sinks 2% Thursday in bullion's first settlement after Fed minutes

Gold futures ended sharply lower Thursday, marking the sharpest daily slump for the precious metal in over six weeks, a day after minutes from the Federal Reserve's December gathering showed that officials thought rate increases could come sooner and possibly at a faster pace then they previously...

U.S. oil snaps 7-session streak of gains but logs best yearly rise in over a decade

U.S. oil futures on Friday settled lower on the eve of 2022, marking the first decline in the past eight sessions, but the loss belies a stellar ye...

Gold ends at 6-week high Friday but can't avoid sharpest annual decline since 2015

Gold futures closed solidly higher Friday in 2021's final session, but the precious metal still registered the steepest annual drop since 2015 as i...

Baker Hughes shows weekly active rig count for the U.S. unchanged, but oil rigs up 213 for the year

Baker Hughes data on Friday afternoon showed the U.S. weekly active oil-rig count standing pat at 586. Oil rigs were steady at 480 and those rigs ...

More Commodities News

U.S. oil's 7-session rally helps to deepen climb to highs not seen since late November

U.S. oil futures end higher Thursday, with crude turning positive intraday as fading omicron concerns and signs of strong uptake of energy-related assets helped to support year-end buying. West Texas Intermediate crude for...

Gold futures resume rise Thursday to deepen finish above key price at $1,800/oz.

Gold futures on Thursday finished higher, pivoting upward despite gains in the U.S. dollar and a rally in stocks that took the Dow Jones Industrial Average and the S&P 500 to intraday records, amid a continued downshift ...

EIA reports decline of 136 billion cubic feet in natural-gas supplies for week ended Dec. 24

The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas fell by 136 billion cubic feet for the week ended Dec. 24. That is more than the 127 Bcf average decline forecast by ana...

U.S. oil posts longest streak of gains since February after big weekly U.S. inventory drawdown

Crude oil futures finished solidly higher Wednesday after data showed a big drop in U.S. crude inventories, pointing to more robust demand despite the threat of the omicron variant of COVID disrupting some business activit...

Gold ends lower Wednesday but intraday rally shrinks loss

Gold futures closed lower Wednesday, but the precious commodity finished above a psychological significantly level, after steeper losses dragged it below $1,800, a level it has struggled to hold above since November. Febru...