Investing.com – The selloff in slowed the first time in nearly two weeks on Tuesday after the yellow metal hit a new 7-month low on the back of the virtually non-stop surge in and the accompanying surge to 11-month highs. Gold’s most-active futures contract on New York’s Comex, December, settled…

By Stephanie Kelly NEW YORK (Reuters) -Oil prices recovered to settle slightly higher on Tuesday after sinking to three-week lows, pressured by a stronger U.S. dollar and darkening global economic signals but supported by tightening crude supply. futures settled 21 cents higher at $90.92 a barrel, after falling to a…

Investing.com – US crude oil stockpiles possibly fell as much as 4.0 million barrels last week while inventories of gasoline likely rose by an almost similar level of 3.9 million, as refiners appeared to maximize fuel production due to lucrative returns, petroleum trade group API reported Tuesday. Builds were also…

By Scott DiSavino (Reuters) – Water supplies in 2023 at The Dalles Dam on the Columbia River between Washington and Oregon fell to the lowest since 2001, but were expected to rise to near-normal levels in 2024, according to the latest federal data and forecasts. More than one-third of U.S.…

KYIV (Reuters) – Five more ships are on their way to Ukrainian sea ports using a new corridor opened to resume predominantly agricultural exports, an alternative arrangement to the Black Sea grain deal blocked by Russia, a top Ukrainian official said on Sunday. “5 new vessels are waiting to be…

In a sharp turn of events at the start of Q4 2023, prices have seen a significant decline, driven by a robust dollar and growing inventories. The high U.S. interest rates have played a key role in strengthening the dollar, making dollar-priced metals more expensive for holders of non-dollar currencies.…

By Maha El Dahan ABU DHABI (Reuters) -COP28 president Sultan al-Jaber said on Monday that more than 20 oil and gas companies were rallying around his calls to curb carbon emissions ahead of a United Nations summit on climate change. Jaber, who is also head of United Arab Emirates oil…

By Philip Blenkinsop BRUSSELS (Reuters) – The United States is optimistic it will conclude an agreement with the European Union to allow critical minerals mined or processed in Europe to qualify for U.S. clean vehicle tax breaks, a senior U.S. official said on Monday. The transatlantic partners are negotiating whether…

Investing.com – The world’s supposedly preferred “safe-haven” is not being treated as such as the global economy shudders from the possibility of more inflationary and rate hike pain. Gold sank to a 7-month low on Monday, hanging on to the ropes of $1,800 support, as the hit 10-month highs instead,…

Investing.com – No market operates in a vacuum — including oil, no matter what the proponents of higher crude prices think. Worries that inflation will rear its ugly head again to suppress demand in almost everything set off a wave of risk aversion on Monday that handed global markets an…