Other news

The price of metals still remains the same. That stability, in its turn, is related to the upcoming release of official statistics and the meeting of the Federal Reserve System (FRS) in the United States.

Get ready for gas prices to rise again in the upcoming spring. According to GasBuddy oil analyst Patrick DeHaan, the cost per gallon of fuel could exceed $4.

Supplies of Canadian oil to Asia will reach the highest level in more than a year. The reason is the disruptions of supplies from American refineries, which make the companies look for new sales markets.

U.S. crude oil inventories have risen by more than 0.5 million barrels over the past week, reaching 448.5 million barrels. The increase was due to a fall in fuel demand.

Economic factors haven’t supported the prices above $100 per barrel yet, but it is possible to maintain the level of trade above $90 per barrel for a long time.

Reuters has published a government report stating that the growth of copper production in Chile will be slower than previously expected. The country is the world's largest copper producer.

The dollar has weakened and gold continued to rise. Several economic reports from the U.S. are expected, and they may influence the results of the Fed meeting next week. Investors are waiting.

U.S. natural gas futures fell 6%, hitting a 19-month low, according to data released Wednesday. This is due to the meteorological forecast of less cold weather in the region and, therefore, a drop in gas demand expected over the next week.

Gold is again in demand among traders and investors who have found new perspectives as rate hikes are gradually suspending, while bond yields are reducing and the dollar is weakening.

According to the International Aluminium Institute data (IAI), global primary aluminum production in 2022 was 2% higher than the level recorded a year ago. Thus, this industry managed to hit a record, despite the energy crisis.