It is always interesting when commodity prices rise. The market produces various narratives to suggest why prices will keep growing indefinitely. Such applies to all commodities, from to or cocoa beans. For example, Michael Hartnett of…
By Timothy Gardner WASHINGTON (Reuters) -President Joe Biden's administration said on Friday it has increased purchasing of to replenish the Strategic Petroleum Reserve following its historic sale from the stockpile in 2022. The Department…
By Nicole Jao NEW YORK (Reuters) -Oil prices edged down on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest U.S. jobs data that lowered expectations that the Federal Reserve will cut…
Investing.com-- Oil prices fell for the third-straight week after settling lower Friday as concerns over demand and cooling expectations for September rate cut weighed on sentiment.At 14:30 ET (18:30 GMT), fell 0.3% to $79.62 a barrel,…
By John Kemp LONDON (Reuters) - U.S. manufacturers are gradually emerging from a prolonged but shallow slowdown over the last two years, but progress has been fitful, and their consumption of diesel remains tepid, which is weighing on oil…
Thank you, Dr. O'Neal. It is an honor to be here to celebrate with you—the Girls Global Academy's first-ever graduating class. This is a momentous achievement and occasion.…
yolowire.com - Russia’s government has declared a federal state of emergency for 10 agricultural regions across the country due to widespread crop damage caused by spring frosts.
The Russian agriculture minister said the state of emergency…
yolowire.com - New orders for manufactured goods in the United States grew by 0.7 percent in April, exceeding analysts' predictions of a 0.6 percent increase. This uptick was driven by a 0.6 percent rise in orders for durable goods…
By Alex Lawler and Natalie Grover LONDON (Reuters) - Oil pared gains on Friday as demand concerns intensified after strong U.S. jobs data soured hopes of the Federal Reserve cutting interest rates soon. futures edged up 12 cents to…