Category: News Group

Oil Rises More than 1%

Oil prices jumped more than 1% on Friday after OPEC+ on Thursday decided to slash output by 7.2 million bpd from January. The decision is an improvement from earlier calls within the organization to raise output by 2 million...

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Palm Oil Remains Above RM2,750

Palm oil futures remained above RM2,750 per tonne in the first week of December, a level not seen since January on the back of lower than expected production and tightening supply along with strong demand from India and China....

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Gold Hits 1-Week High

Gold rose to its highest in more than a week on Wednesday, consolidating the rebound from five-month lows of $1,764 and poised to test the critical resistance level of $1,850. The metal’s appeal as an inflation hedge remains the...

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Oil Fails to Hold Gains

Oil prices edged down on Thursday, with WTI crude falling below $45 a barrel as pandemic-propelled demand concerns returned to the market. The reimposition of mobility curbs in many countries has been rattling sentiment, even...

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Coal Prices at 8-Month Peak

Coal prices rose towards $70 per ton in November, extending their rally to a level not seen since March amid expectations of higher restocking levels and a boost in seasonal demand. At the same time, stringent inspections on...

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Oil Prices Extend Declines

Oil prices fell on Tuesday, extending its prior losses, amid uncertainty about whether major oil producers would agree to extend its deep output cuts. Reuters reported Monday that the cartel delayed output policy talks until...

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