Glencore, a major oil trader, is buying crude oil to supply a newly acquired refinery in Singapore, signaling a growing role for traders in the physical oil market.

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Pound, gold and oil prices in focus: commodity and currency check, 19 December

Gold prices dipped on Thursday morning, extending the losses from a one-month low reading on Wednesday, following the Fed's decision to lower interest rates as anticipated. However, the central bank ...

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North-East grapples with soaring food prices amid insecurity

Stakeholders on Tuesday decried the impact of global commodity price increases on farming and pastoral communities, as well as internally displaced persons in North-East, Nigeria.

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Gold prices steady ahead of Fed rate decision, long-term rate outlook in focus

Spot gold was largely unchanged at $2,643.90 an ounce, while gold futures expiring in February were marginally lower at $2,659.46 an ounce by 8:51 ET (13:51 GMT). The Fed is widely expected to cut ...

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Coffee and Cocoa prices reach new all-time high

Coffee drinkers are already seeing the effects. Major brands such as Folgers, Maxwell House, and Nescafé have raised prices, with more increases expected in the coming months. Analysts warn that ...

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