Futures & Commodities

West Texas Intermediate crude oil is a global benchmark for oil prices.

Gold prices will put in a top near $2,000 an ounce, according to J.P. Morgan.

Safe-haven assets typically perform well when riskier assets don't.

The less-valuable metal climbed 20 percent over the past week to $23 an ounce, a gain of more than 94 percent from its bottom below $12 in March

Gold prices surged to record highs on Thursday as worries the unprecedented fiscal and monetary stimulus dished out in the wake of COVID-19 will cause inflation.

Gold prices, which topped $1,800 an ounce on Wednesday morning, haven't closed above that level in almost nine years.

Quadruple witching is a market event that could bring increased volume and volatility.

“Fears about a resurgence of the coronavirus are taking a backseat to continued signs of rapidly improving demand,” says Phil Flynn, a Chicago-based senior market analyst at the Price Futures Group.

West Texas Intermediate crude oil topped $40 per barrel for the first time since March after OPEC and its allies extended historic production cuts through July.

The 23-member OPEC and its partners, led by Russia, are expected to approve an extension Saturday of the historic production cuts reached in April.

Gold has been used as a medium of exchange for thousands of years.

A weekend of rioting will be in focus when Wall Street begins the week.

Crude oil broke a nearly 30-year-old record high for monthly gains in May 2020.

This occurs when the spot price is higher than the future price.

CME Group's trading pits will remain closed for at least three weeks after Illinois' stay-at-home order is lifted.

Contango occurs when investors are willing to pay more for a commodity in the future.

Holidays in Singapore, London and New York dampened trade, as rising concerns over demand recovery offset supply cuts.

Memorial Day weekend is the unofficial start of the usually lucrative summer travel season.

U.S. crude oil stockpiles for the week ended May 15 fell by 4.98 million barrels, according to the U.S. Energy Information Administration.

Oil prices rallied amid production cuts and a slow return of demand.