The demand for gold and the withdrawal of oil. Here are the 5 most important goods this week

Oil supplies are increasing as prices are declining, and provides a heavy material for discussion between the “Cerweek” conference participants, which is the global energy event that kicks off in Houston today. At the same time, 11 million tonnes of American pills have an uncertain fate due to the ambiguity around trade policies. The gains of gold mining companies also reveal the businesses that lead to the sector. Below, we review the most prominent developments in the global basic commodity markets through 5 important graphs earned to be followed by the launch of the trading week: Oil production produces the United States, under Donald Trump’s presidency, a number of oil barrels that are daily in history, which gives it an unpredictable influence in global energy market. However, questions arise about the continuity of this hegemony. The OPEC+coalition has agreed to increase oil production from next month, which contributed to the drop in oil prices below $ 70 a barrel, at the lowest level this year. At this price level, there is no major incentive for US drilling businesses to increase the production of shale oil, and instead you prefer to keep the limited future websites available for Wells. Oil fights included a group of negative factors, such as commercial wars and unexpected increase in OPEC+supplies, to lead to the worst level of confidence for investors in the crude oil market in modern history. Money Managers have reduced the total purchase Centers in West Texas Intermediate Crude at 2266 contracts to reach 172576 contracts, at a level that approaches the lowest levels registered since 2010, according to the data of the American Future Commodities Trading Committee for the Week. Brent crude has also reduced at 41,583 contracts, in the largest decline in number since Last July, according to the data of the Intercontinental Exchange in Europe. Agriculture is monitoring the possibility of canceling US grain contracts amid the escalation of customs duties and the ambiguity of trade between Mexico, Canada and China. According to the US Department of Agriculture for the week, which ended on February 27, more than 11 million tonnes of granules were sold, but it has not yet been sent to the three major trading partners of the United States. The largest concern for traders is the possibility of canceling Mexico, the largest importer of American Atom, part of its 7.6 million tonnes contracting consignments. As far as China is concerned, it has suspended sales of 1.4 million tonnes of soybeans, while Canada has a small amount of not -loaded grains. Gold competes with large gold mines to dominate the precious metal market. The company “Neumont” strengthened its position as the largest world producer last year, thanks to the increase in production due to its acquisition during 2023 on the Australian “Newcrest Mining” business. On the other hand, the difference between “Barric Gold” and “Aghanika Eagle Mainz” decreased after the first production decreased due to a series of operational obstacles. Aghanico Eagle is a threat to his biggest participant, and it can exceed it if the Barrick Mines complex in Mali remains closed this year. Solar Energy has dropped for the prices of solar panels to only 40% of what they were at the end of 2022, and it is expected to continue to fall outside the high customs markets, according to Bloomberg Nef estimates. Although the panels make up only a small part of the total cost of solar systems, improving their efficiency will also contribute to reducing the total cost of solar projects. It is expected to be 27% less in 2035 compared to 2024.