Rebounding global oil prices drove China's commodities to rise on Monday, with copper, zinc and aluminium leading the futures market. All of the 19 futures categories on China's three commodity exchanges in Shanghai, Dalian and Zhengzhou opened... [more]

The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) rebounded slightly to 36.29 U.S. dollars per barrel last week from 34.92 dollars in the previous week due to the currently aggravated Palestinian-Israeli conflict, ... [more]

As the global credit crisis takes its toll on the world economy and further depresses oil prices, Nigeria 's foreign exchange reserves fell by 6 billion U.S. dollars or 8.2 percent in December last year to 52.7 billion dollars. The reserves in ... [more]

The year of 2008 has seen the United States taking critical steps in developing renewable energy to meet the national goal of achieving 25 percent renewable energy by 2025. But most important of all is that the November election of Barack Obama... [more]

South Korea's consumer prices rose 4.1 percent in December from a year earlier amid falling crude oil prices, the National Statistical Office (NSO) said Wednesday. The December inflation figure was still higher than the central bank's 2.5-3.5 p... [more]

After only one-week slight rebound, the weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) again dived below 40 U.S. dollars a barrel to 34.92 U.S. dollars last week, the Vienna-based cartel said on Monday. Statis... [more]

Crude oil prices rebounded on Friday after United Arab Emirates announced plans to reduce oil production as a part of the output cut of the Organization of Petroleum Exporting Countries (OPEC). Light, sweet crude for February delivery rose 2.36... [more]

Crude oil shed 9 percent to the level of 35 U.S. dollars a barrel Wednesday as a buildup in U.S. gasoline stockpiles and more worrying economic data added to the demand concern. Light, sweet crude for February delivery fell 3.63 dollars to sett... [more]

Gold futures in New York rose Monday as dollar declined. Gold futures for February delivery rose 9.80 U.S. dollars, or 1.2 percent, to 847.20 dollars an ounce on the New York Mercantile Exchange. February gold traded firmer, halting a two... [more]

Wall Street ended lower after a choppy session on Thursday as investors weigh a series of mixed economic news. Energy, material sectors lost most as the oil prices plunged to a four-and-half-year low of 36 U.S. dollars a barrel. Chevron Corp. f... [more]