Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U. S. oil production. Brent crude oil LCOc1 rose 55 cents to $56.54 a barrel by 1053 GMT, while U.S. West Texas Intermediate CLc1 added 39 cents to $54.38. Money … Read more
Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose that new U. S. sanctions against Iran could be extended to affect crude supplies. However, markets were held back by more signs of growing U.S. production as well as worries that import demand in China … Read more
Gold edged up slightly in a technical rebound on Monday after one-month highs hit last week were undercut by the prospects of more interest rate hikes from the U. S. Federal Reserve. Spot gold edged 0.1 percent higher to $1,174.23 an ounce by 0715 GMT. Gold gained nearly two percent last week, its biggest weekly … Read more