Oil

NEWS DESK

Gold Hits Record $3,508.90 as Fed Cut Bets Rise, Oil Gains on Supply Risks – Comments from Century Financial

PR News Desk 02/09/2025

Following a 0.84% increase yesterday, gold reached a record high of $3,508.90 in early trading today, as expectations of Federal Reserve rate cuts and rising concerns over the central bank’s independence fueled the multi-year rally in precious metals. ETFs added 104,284 ounces of gold to their

NEWS DESK

Oil fell 5% last week, its biggest drop since June : Comments from Century Financial

PR News Desk 11/08/2025

Oil fell 5% last week, its biggest drop since June, before a meeting between the US and Russian leaders on Friday, which is raising the prospect of an end to the war in Ukraine and more supply. President Donald Trump did not announce new sanctions on Russia or tariffs on its energy buyers during the […]

NEWS DESK

Oil Rallies on Tariff Threats, Gold Slips as Dollar Gains Strength : Comments from Century Financial

PR News Desk 29/07/2025

Crude Oil prices rallied to a weekly high on Monday, with WTI up 2.79% and Brent up 2.89% by close. This was driven as investors digested President Trump’s threat towards Russia. He stated that Russia would be given a new deadline of 10 to 12 days to make progress towards ending the war with Ukraine, […]

Business Energy Oil & Gas

Do you know that these 8 countries control the world’s energy supply?

Arnold Pinto 20/07/2025

As oil superpowers Global oil production remains dominated by a handful of countries, each with significant influence over energy markets, pricing, and international policy. As geopolitical tensions and energy transitions unfold, these nations remain critical to the global energy supply chain. Middle Eastern producers, particularly Saudi Arabia, the UAE, and Iraq, remain

NEWS DESK

Oil Prices Dip Amid Tariff Concerns, but Demand Holds Steady : Comments from Century Financial

PR News Desk 17/07/2025

Oil prices declined by around 2% over the last three sessions after Trump announced that he would send letters to over 150 countries, notifying them of tariff rates ranging from 10% to 15%. Moreover, U.S. government data presented a mixed picture of stockpiles, showing an increase in distillate holdings but a decline in nationwide crude […]

NEWS DESK

UAE Navigates Global Tariff Storm with Oil Stability and Fiscal Strength

PR News Desk 16/07/2025

As global markets brace for a new wave of U.S. tariffs and shifting OPEC+ production strategies, the UAE appears firmly grounded, thanks to strategic oil exemptions, fiscal resilience, and a diversified economy. With President Donald Trump reinstating a hardline trade agenda, a series of sweeping tariffs are scheduled to take effect on August 1. These […]

NEWS DESK

Oil tumbles as Hormuz risk premium evaporates following symbolic retaliation and ceasefire deal- Saxo Bank

PR News Desk 24/06/2025

Since our latest update “Oil market on the edge as Hormuz risk premium builds“, which highlighted the market’s nervous response to President Trump’s decision on Saturday to support Israel in a coordinated strike on Iran’s nuclear facilities, the geopolitical landscape has shifted dramatically—removing in one swift move the supply risk premium that had built

NEWS DESK

Oil Slips on Trade Jitters; Gold Steady Ahead of Key Data : Comments from Century Financial

PR News Desk 11/06/2025

Oil prices eased on Wednesday, following a 1% decline on Tuesday, as markets weighed the results of U.S.-China trade talks, which still await President Donald Trump’s review, against concerns over weak Chinese oil demand and rising OPEC+ output. The recent price pullback reflects a combination of profit-taking and market caution ahead of the official U.S.-China […]

NEWS DESK

Oil Slips on OPEC+ Supply Surge, Gold Gains on Safe-Haven Demand : Comments from Century Financial

PR News Desk 26/05/2025

Crude oil has declined sharply this year amid concerns that Trump’s import tariffs could dent economic growth and curb demand, just as OPEC+ accelerates output increases to protect market share. Oil opened the year near $74.93 and surged to $82.63 by mid-January, only to reverse course sharply, tumbling to $58.40 by April 9. A modest […]

NEWS DESK

Gold Slips on Trade Optimism; Oil Rallies on Tariff Relief : Century Financial

PR News Desk 12/05/2025

Gold:Gold closed in the green on Friday, up 0.6%. However, the rally was short-lived as prices stuck to intraday losses through the Asian session on Monday, and the latest optimism over a US-China trade deal undermined demand for traditional safe-haven assets. The US and China will temporarily lower tariffs on each other’s products, according to […]

NEWS DESK

Oil gains on China import boost, gold hits fresh highs amid trade tensions and rate cut bets – Century Financial

PR News Desk 15/04/2025

WTI crude oil futures rose to around $61.8 per barrel (0.18% rise in WTI and 0.34% rise in Brent) on Tuesday after President Donald Trump hinted at another tariff exemption. On Monday, Trump said he is considering temporary relief from the 25% tariffs on the auto industry to give carmakers time to adjust their supply […]

NEWS DESK

Oil Falls on Supply Worries as Gold Hits Record Amid Safe-Haven Rush – Century Financial

PR News Desk 14/04/2025

Although WTI prices rose 2.02% on Friday, oil prices fell by 1.44% for the previous week, seeing prices drop to the $55.22 mark before recovering in a highly volatile week. This marks the continuation of bearish pressures on the commodity, as investors remained worried about weakening global economic growth due to the escalating trade war […]

NEWS DESK

Oil, gold, and crypto markets react to rising US-China trade tensions – Century Financial

PR News Desk 11/04/2025

Oil markets experienced a turbulent week marked by fluctuations as concerns surrounding the prolonged trade war between the United States and China weighed heavily on prices. This follows a 13% decline in the previous week, reflecting the heightened uncertainty gripping the oil market. The escalating dispute between the world’s two largest economies has raised fears

NEWS DESK

Gold, Oil Under Pressure as Fed Flags Inflation Risk and Trade War Intensifies – Century Financial

PR News Desk 07/04/2025

Gold prices dropped to their lowest point in over three weeks on Monday amid a broader market sell-off. Gold fell more than 2.46% on Friday as investors sold off bullion to cover their losses from a broader market meltdown as an intensifying trade war sparked global recession concerns. During market volatility, the price drop in […]

NEWS DESK

Oil prices dip amid rising geopolitical tensions; Gold hits record high as Middle East conflicts escalate –  Saxo Bank MENA

PR News Desk 19/03/2025

Commodities Equities FX Macro Fixed Income

NEWS DESK

Oil Drops, Bitcoin Stabilizes, Gold Surges Amid Trade Fears – Century Financial

PR News Desk 05/03/2025

Oil prices fell for a third session on Wednesday as plans by major producers to raise output in April combined with concerns that US tariffs on Canada, Mexico and China will slow economic growth and hit fuel demand. The Organization of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, […]

NEWS DESK

Oil prices jump as Trump announces tariffs on top crude suppliers, while gold falls due to a stronger dollar – Saxo Bank MENA

PR News Desk 28/02/2025

Commodities: Equities: Macro: FX: Fixed income: 

NEWS DESK

Oil prices edge up amid Russia-Ukraine tensions, but weak demand outlook – Century Financial

PR News Desk 18/11/2024

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world’s second-largest consumer, and forecasts of a global oil surplus weighed on markets. In a significant reversal of Washington’s policy in the Ukraine-Russia conflict, President Joe Biden’s administration has allowed

NEWS DESK

Oil Prices Hover Near Two-Week Lows Amid Demand Concerns and OPEC Downgrade

PR News Desk 17/11/2024

Oil prices held steady near two-week lows on Wednesday, following OPEC’s downgrade of its global oil demand growth forecast for 2024 and 2025. Concerns over faltering demand in China also contributed to a cautious market sentiment. As of 10:40 GMT, Brent crude futures had risen by 49 cents, or 0.68%, to $72.38 per barrel, while […]

NEWS DESK

Oil Prices Inch Up, Gold Struggles Amid US Dollar Strength and OPEC Demand Outlook 

PR News Desk 14/11/2024

Oil prices rebounded slightly on Wednesday on short-covering a day after they fell near a two-week low on OPEC’s reduced demand forecast, but gains were limited as the dollar hit a seven-month high. On Tuesday, the benchmarks closed at their lowest level in nearly two weeks after the Organization of the Petroleum Exporting Countries lowered […]