Chilean miner Codelco says copper price spike will bolster war chest, raise costs

Chilean miner Codelco says copper price spike will bolster war chest, raise costs

Chile's state-owned Codelco, the world's largest copper producer, views the recent spike in the price of the red metal as a good opportunity to generate cash for investments and hold down debt, but...
February 22, 2021 at 03:26 pm EST
Amid Texas freeze, oil producers still shut; governor bans natural gas exports

Amid Texas freeze, oil producers still shut; governor bans natural gas exports

Texas oil producers and refiners remained shut for a fifth day on Wednesday after several days of blistering cold, and the governor ordered a ban on natural gas exports from the state to try to speed...
February 17, 2021 at 11:36 pm EST
Oil settles near 13-month highs; Texas deep freeze supports

Oil settles near 13-month highs; Texas deep freeze supports

Oil prices settled near 13-month highs on Tuesday, supported by a deep freeze in the U.S. South that shut wells and oil refineries in Texas....
February 16, 2021 at 03:09 pm EST
Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

U.S. shale producer Chesapeake Energy Corp on Tuesday exited Chapter 11 bankruptcy with business plan that nods to its founders' emphasis on natural gas after a recent push into crude oil....
February 09, 2021 at 05:10 pm EST
Oil prices surge for seventh straight day of gains

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...
February 09, 2021 at 03:43 pm EST
Oil rises 2% to more than one-year high on supply cuts, stimulus hopes

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....
February 08, 2021 at 03:08 pm EST
Global equities rally as more U.S. stimulus looms, silver slides

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...
February 02, 2021 at 05:25 pm EST
Silver dealers scramble to find supplies for retail buyers

Silver dealers scramble to find supplies for retail buyers

A retail investment frenzy in silver over the past couple of days driven by social media has left dealers in some regions scrambling for bars and coins to meet demand....
February 02, 2021 at 10:39 am EST
Retail investors turn attention to silver as GameStop shares retreat

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...
February 01, 2021 at 09:49 pm EST
Anglo American :  Shares rally, retail surge drives silver to 8-year high

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...
February 01, 2021 at 04:13 pm EST
Reddit is coming for silver. A short squeeze? Unlikely

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...
February 01, 2021 at 12:18 pm EST
Silver lining:  Biden's scrapping of Keystone pipeline allows Canada's Trudeau to move on

Silver lining: Biden's scrapping of Keystone pipeline allows Canada's Trudeau to move on

U.S. President Joe Biden's move to scrap the Keystone XL oil pipeline, while a blow to Canada's energy sector, is a blessing in disguise for Prime Minister Justin Trudeau, who is eager to embrace the...
January 20, 2021 at 11:16 pm EST
Oil gains on stimulus optimism ahead of Biden inauguration

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....
January 19, 2021 at 03:03 pm EST
Oil prices climb on Chinese data, dollar weakness

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...
January 14, 2021 at 07:52 pm EST
Brent at 11-month high, yields end flat

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....
January 12, 2021 at 04:59 pm EST
Toyota Motor :  Wall Street wary of 'frothy' stocks, bubbly bitcoin

Toyota Motor : Wall Street wary of 'frothy' stocks, bubbly bitcoin

Wall Street bankers warned of toppy stock markets and a looming near-term retreat after exuberance from unprecedented economic stimulus has led to frothy asset prices....
January 08, 2021 at 09:47 am EST
Saudi's surprise output cut to lift Brent to $60/bbl by mid-year - UBS

Saudi's surprise output cut to lift Brent to $60/bbl by mid-year - UBS

UBS raised its forecast for Brent oil prices to $60 per barrel by mid-year, following Saudi Arabia's surprise unilateral production cut and expectations of a sharp recovery in demand in the second...
January 07, 2021 at 03:34 am EST
Oil rises to 10-month high after Saudi output cut, U.S. inventory draw

Oil rises to 10-month high after Saudi output cut, U.S. inventory draw

NEW YORK -Oil prices rose to their highest levels since February on Wednesday after Saudi Arabia announced a big voluntary production cut and on a steep fall in U.S. crude inventories....
January 06, 2021 at 04:36 pm EST
Stocks drop as virus cases rise; gold rallies

Stocks drop as virus cases rise; gold rallies

NEW YORK -U.S. stocks dropped more than 1% on Monday, pulling back from record highs in the first trading day of the new year as coronavirus cases surged, while the U.S. dollar edged up and gold...
January 04, 2021 at 04:52 pm EST
After golden year for precious metals, silver set to shine in 2021

After golden year for precious metals, silver set to shine in 2021

After a spectacular year, precious metals are set for further gains in 2021, with silver tipped to outperform, but analysts are growing more cautious about the prospects for gold as the global economy...
December 31, 2020 at 02:17 pm EST