Latest Commodities news
Premier Inn owner reports rise in full-year revenue
The oil price edged a little lower Friday after Us President Trump tweeted his unhappiness with the "artificially very high" oil price and OPEC's hand in that.
The oil price is on the up Wednesday following an industry report showing a decline in oil inventories earlier in April.
Total shares are higher Wednesday as the French energy firm announced the planned purchase of Direct Energie for €1.4 billion.
Company aims to shift investment in the country to natural gas
The oil price is higher after Moody's raised its medium-term price band for the important commodity.
Digital coins can be regulated as commodities by the CFTC
Analysts argue Anglo-Dutch group is most sustainable in the sector
Oil major posts rise in oil output for 2017
The oil price has risen above $71 per barrel for the first time since 2014, as falling US oil inventories and a weaker US dollar push the price of the valuable commodity higher.
Rio Tinto updates on performance
Oil prices have risen to the highest level since 2014, helping to lift oil stocks higher Wednesday. Rising geopolitical fears coupled with the ongoing OPEC output cap, means the price of Brent crude oil is moving closer to the $70 per barrel level.
European shares are trading lower Wednesday, as investors retreat from the stock markets and show interest in the bond markets and oil. Bond yields are on the up, while the oil price continues its upward move, attracting investors away from the stock indices.
Analysts argue outlook for group clearer than for peers
Billabong shares closed a little higher overnight, following confirmation that Boardriders Inc – formerly Quicksilver – has entered an agreement to purchase the Australian surf wear business. The deal values Billabong at around $155 million.
Blue-chip retailers sold off after Debenhams update
European shares were trading higher for a second straight day Thursday, continuing the global stocks rally and gaining support from still rising oil prices and some better-than-expected US car sales data.
BHP in focus amid prospects for Samarco exit
Oil financing company Oleum Capital is launching an ICO comprised of both digital tokens and securities that will list outside of Canada.
The oil price is rising again Tuesday, on slower output fears and amid expectations that US oil inventories fell again, last week.
Norwegian resources giant Statoil, has confirmed a 25% purchase of the Roncador oil field owned by Petrobas. The deal will almost triple Statoil’s south American output and forms part of Statoil’s long-term strategic planning.
The oil price is higher Friday, as the Forties pipeline closure continues to add to upward pressure on oil stocks. Oil price gains come despite news of rising US oil output.
European shares were trading mostly in the green shortly after midday Tuesday, as the higher oil price meant many energy-related stocks made gains. However, positivity was tempered a little as US Fed policy makers begin their two-day rate-setting meeting, later.
The oil price topped $65 per barrel Tuesday, a price not achieved since 2015, on news a major North Sea pipeline would be shutdown for ‘a matter of weeks’. The news exacerbates growing output concerns on geopolitical tensions and pushed the price of Brent Crude and US WI oil higher.