Commodities
Oil prices climb on heightened Middle East fears
Oil prices continued to climb on Wednesday, as fears mounted that conflict was set to spread across the Middle East following Iran's missile attack on Israel.
IEA trims forecasts as demand for oil slows
Global demand for oil is slowing "sharply", the International Energy Agency said on Thursday, as it trimmed annual growth forecasts.
Gold prices hit fresh highs amid US rate cut expectations
Gold prices hit a new all-time high on Tuesday amid growing expectations of US rate cuts in September and after the People’s Bank of China issued new import quotas.
OPEC holds production forecasts, plans to use OPEC+ outlook
OPEC held global oil demand forecasts on Tuesday, adding that there was some upside potential for economic growth this year and beyond, and said it would also start using production from the wider OPEC+ group for forecasts.
BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins
BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and “significantly weaker” fuels margins as it also started a $1. 75bn share buyback.
Gold price hits record high
Gold prices hit a record high on Wednesday amid rising expectations of a US rate cut in June.
Oil stocks slide as Saudi Arabia cuts crude prices
Oil stocks were hit as major producer Saudi Arabia cut prices across the board, sending benchmark crude sharply lower on Monday.
Trafigura to pay shareholders $5.9bn on record profits
Commodities trading giant Trafigura will pay out $5. 9bn in dividends, it was confirmed on Friday, after annual profits surged on the back of volatility in the energy sector.
Gold prices hit record high amid rate cut expectations
Gold prices hit record highs on Monday, pushing past $2,100 an ounce amid expectations of rate cuts.
OPEC+ agrees to cut output by a further 1m barrels a day
OPEC+ members have reportedly agreed to cut oil production by a further one million barrels a day.
Saudi said to have won provisional backing for Opec+ oil production cuts
Saudi Arabia has reportedly won provisional backing for further oil production cuts by the Opec+ group, boosting oil prices to the highest in three weeks ahead of a crucial meeting of the cartel.
Gold and oil prices jump on geopolitical unrest
Commodity prices continued to rise on Friday, as tensions escalated across the Middle East.