Analysis: Commodities

Oil prices surge for seventh straight day of gains

Oil prices rose on Tuesday for their seventh straight session of gains, touching 13-month highs as investors kept betting that fuel demand will rise while OPEC and allied producers keep a lid on...

Oil rises 2% to more than one-year high on supply cuts, stimulus hopes

Oil prices rose 2% on Monday to their highest in over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus....

China aluminium sector must shut inefficient coal power to meet climate goals - report

China's aluminium sector must shut dedicated power capacity equivalent to more than Germany's entire coal fleet over the next decade to keep Beijing on track to meet its carbon pledges, climate think...

Global equities rally as more U.S. stimulus looms, silver slides

Global stock markets surged for a second day on Tuesday, spurred by increased optimism about more U.S. stimulus and the economic recovery, while retail investors retreated from GameStop and fleeting...

One billion ounces of silver traded in London on Monday as prices surged - LBMA

The amount of silver traded in the London market surged to 1.006 billion ounces on Monday, triple the level typical in recent months, as prices rocketed to their highest since 2013, the London Bullion...

Retail investors turn attention to silver as GameStop shares retreat

A social media-driven buying spree lifted silver to an eight-year high on Monday, though prices later pared gains on doubts about the ability of retail traders that have been focused on stocks to sway...

UK pub group Marston's rejects Platinum Equity's takeover offer

Marston's rejected a 666 million pound takeover proposal from Platinum Equity Advisors on Monday, saying it significantly undervalued the British pub operator....

Anglo American : Shares rally, retail surge drives silver to 8-year high

Global shares rebounded from last week's steep sell-off and silver prices surged on Monday as retail investors expanded their social media-fueled battle with Wall Street to drive the precious metal to...

Reddit is coming for silver. A short squeeze? Unlikely

Silver prices have rocketed to their highest since 2013 as retail investors, egged on by messages on Reddit, pile into the market in an attempt to push up prices, although most analysts and traders...

Miners push British stocks higher; ASOS gains on Arcadia deal

British shares rose on Monday, led by gains in mining stocks as silver became the latest target of a retail investor trading frenzy, while fashion retailer ASOS gained on a deal to buy rival brands...

PageGroup : Wrapped in Brexit red tape, a UK freight firm struggles to trade

In just one month of post-Brexit trading, British logistics expert Jon Swallow has seen exports dive, prices rise and customers so desperate that he is practically offering a counselling service....

Irish freight volumes to EU ports doubled in first month of Brexit

Irish freight volumes to and from European Union ports doubled in January, the government said on Monday, as many traders shunned the once-speedier route to the continent through Britain due to Brexit...

Weekly UK-EU freight volumes down 38%, truck data indicates

Freight volumes moving between the United Kingdom and the European Union were down 38% in the third week of January compared with the same week a year ago, real-time truck movement data shows. ...

Oil gains on stimulus optimism ahead of Biden inauguration

Oil prices climbed with U.S. stock markets on Tuesday ahead of Joe Biden's inauguration as U.S. president on optimism that more government stimulus will eventually lift global economic growth....

Exclusive: Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critics

The world's top producers of palm oil, Indonesia and Malaysia, are looking to join forces for the first time to run an advocacy campaign in Europe, where increasingly tight regulations are threatening...

Software data shows freight groups avoiding UK, prices rising

An increasing number of freight groups rejected contracts to move goods from France into Britain in the second week of January, while prices rose, according to data that shows the impact of Brexit and...

Indonesia's Pertamina conducts trials on 100% palm oil biodiesel and jet fuel

Indonesia's state energy company PT Pertamina said on Friday it had started trials on diesel made entirely out of palm oil at its Cilacap refinery on Java island after conducting trials on jet fuel...

Oil prices climb on Chinese data, dollar weakness

Oil prices edged higher on Thursday, boosted by a weak dollar and bullish signals from Chinese import data but pressured by renewed worries about global oil demand due to surging coronavirus cases in...

Brent at 11-month high, yields end flat

Oil prices hit their highest in nearly a year on Tuesday on lower supply bets and Treasury yields tightened from 10-month highs after strong demand at an auction....