Market Pulse - Commodities
Commodities: Oil, gold futures recover as dollar weakens
Oil futures returned to positive territory on Wednesday, while gold recovered and base metals went through another session marked by modest gains.
Commodities: Base metals see modest gains as oil slips further
Oil futures remained on verge of reversing all of the past week’s gains on Tuesday with little news to the upside, while base metals posted meek gains over afternoon trading in Europe.
Commodities: Oil futures tumble on Chinese data, gold holds firm
Oil futures endured another volatile day on Monday, while a further round of lacklustre US data saw gold extend gains for much of the Asian and European trading session propped up by safe haven demand.
Saudi Arabia made no new proposal to Russia, report claims
Saudi Arabia was not the source of the 5% crude oil output cut referenced by Russia´s energy minister last week, al-Arabiya television said on 31 January citing an unnamed Saudi source, Reuters reported.