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Commodities News

Oil price hits three-year high, oil stocks gain

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...

Billabong shares rise after Quicksilver deal confirmed

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.

Oil price tops $65 per barrel on North Sea pipeline shutdown

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...

Oil price higher on China imports, Nigeria strike worries

The oil price is rising again Friday and looks likely to end the week little changed from where it began, despite earlier price falls. Renewed support has come in the form of higher Chinese oil imports data and the threat...

Oil price falls as US output capacity rises

The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of...

Oil price falls as US output capacity rises

The oil price fell Tuesday, on news the US’ oil output capacity rose again last week. That news comes just days after OPEC and some non-OPEC members, confirmed their decision to extend the current output cap until the end of...

Oil prices rise as OPEC confirms output cap extension

Oil prices rose after OPEC and non-OPEC members Thursday agreed to extend the current output cap, until the end of 2018. The group also stated its intention to meet on June 21, to discuss the situation and make changes to...

Oil price edges lower; OPEC seen extending output cap

The oil price is edging lower again Wednesday, on news OPEC and non-OPEC delegates have discussed the likelihood of extending the current output cap through to the end of 2018, ahead of the Nov 30 Vienna meeting.

Gold price steady as US dollar retains weaker tone

The price of gold was treading water in afternoon trade. The value of precious metal rose late Wednesday following the release of the minutes from the latest US Federal Reserve meeting which weighed on the US dollar.

Oil price mildly higher amid mixed supply status

The oil price is marginally higher Tuesday after a few days of declines. A mixed outlook is limiting price moves as investors await the output of the Nov 30 OPEC meeting and if US shale oil output continues to rise.

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