US$60 is the key for the year end closing for Brent crude oil. Focus on that number and ignore everything else.
Natural resources occur within the environment in their original and natural form, undisturbed by humanity. It is a resource that can be quite beneficial to people. Natural resources come in many forms. It may be a solid, liquid or gas. It may be organic or inorganic. It may also be metallic or non-metallic. It may be renewable or non-renewable. That said, our editors analyse the minerals (gold, copper, iron ore, oil and gas etc.) that could help you to potentially make money. For that reason, you’re guaranteed to hear the most up-to-date news affecting commodities around the world.
Remember, with the exception of the air you breathe, everything you use in your daily life is made from commodities that are either grown or mined. The chair you are sitting on, the computer terminal you are viewing, the fibre optic cable bringing you this feed — all are products of agriculture or mining, the most basic of all industries.
The demand for resources and commodities — apart from everyday needs such as water — fluctuates. Demand can change. The need for oil, wood, iron and coal may be needed today, but with the progress of technology, the demand for these resources may change.
Resource & Commodity Price Updates
There’s a lot to love about the resources sector. If you pick the right stock, you could make a fortune. For example, Sirius Resources was once a penny stock. In the last mining boom — July 2012 — the company hit the nickel-copper mother lode in Western Australia. That sent the share price skyrocketing from 5 cents to $2.50 by mid-2013. If you’re looking to invest in the next Sirius Resources in the next mining boom, you have come to the right place. We provide investment advice on the hottest resource stocks, with massive potential.
At the time of writing, shares of Weststar Industrial Ltd [ASX:WSI] are up by 53.85%, to two cents per share.
After rallying in six of the last seven sessions, iron ore’s recovery began to stall yesterday. This occurred after the US arrested the CFO of Huawei in Canada, signalling that the trade war could escalate…
Lynas Corporation Ltd’s [ASX:LYC] share price is just keeping afloat after yesterday’s disastrous crash, as it fell as much as 22.4% to $1.64 apiece by close yesterday. At time of writing, the current price is…
At the time of writing, shares of BHP Billiton Ltd [ASX:BHP] are down by 1.92%, to $31.22 per share.
Galileo Mining’s share price rose by 23.33% yesterday after outstanding cobalt extraction results from Norseman. But things quickly settle as investor excitement come back down to earth, to levelled out share price to $ 0.18,…
Over the last month of trading, iron ore prices have dropped 8.5%. This comes after a recent sell-off tied to a downturn in China’s economic growth.
TNG Limited’s [ASX:TNG] share price fell 1.87% today, trading at 10 cents after the company released poll results from its general meeting this morning. TNG’s shareholders took to the polls to remove Mr Rex Turkington…
Iron ore prices clawed their way back for the second consecutive session on Wednesday, following its fall on Monday’s night session.The uplift in Chinese steel futures was generated by bulk fuel buying in commodity contracts.
Traders are worried about an oversupply that could push crude prices sharply lower. That happened in 2014, mind you. How far will the oil price drop this time? Will it even turn around?
Iron ore prices are plunging as Chinese steelmakers offload inventories due to declining steel margins. China’s steel prices fell 5% yesterday, pushing the sector into a bear market.
The Australian Commodities Sector been hurt today, with iron ore prices taking a tumble and the price of oil staying on a low. At Markets and Money, our outlook for oil is not as bearish…
Oil prices have been falling for seven consecutive weeks. On Friday, US oil slid 8%, while the global benchmark for oil prices (Brent crude) was down 6.6%, down to $60 per barrel.
With more widespread winter curbs in production potentially around the corner, the immediate outlook for iron ore prices is starting to appear more negative.
At the time of writing, shares of Mineral Resources Ltd [ASX:MIN] are up by 27.47%, to $15.87 cents per share. The company announced favourable financial performance results for the financial year ended 2018.