Commodities

Commodities News

Oil Inventories Unexpectedly Climb by 0.6M Barrels Last Week: API

By Yasin Ebrahim Investing.com — U.S. crude oil inventories unexpectedly rose last week, the API reported Tuesday, but gasoline stocks fell exacerbating concerns about higher gas prices with just days to.

Read More
Commodities News

Cargoes of Russia’s flagship crude oil at sea climb to record high

HOUSTON (Reuters) – Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa showed, as traders.

Read More
Commodities News

Global gas crunch claims first Australian trading casualty

By Sonali Paul MELBOURNE (Reuters) – A gas seller that supplied 7% of the eastern Australian market has collapsed due to soaring global gas prices, the first significant casualty in.

Read More
Commodities News

Oil Down As Worries About Recession Grow

By Gina Lee Investing.com – Oil was down on Tuesday morning in Asia as investors’ concerns about a possible recession and weaker consumption grew. Brent oil futures fell 0.44% to $110.29.

Read More
Commodities News

Gold Up, Near Two Week High as Dollar Stabilizes

By Gina Lee Investing.com – Gold was up on Tuesday morning in Asia. The dollar was up, stabilizing after its fall during the previous session that helped boost the yellow metal to its highest.

Read More
Commodities News

Russian invasion of Ukraine is a global issue, says Biden

By Oleksandr Kozhukhar and Hans-Edzard Busemann LVIV, Ukraine/BERLIN (Reuters) -U.S. President Joe Biden said on Tuesday that the crisis in Ukraine was a global issue which heightened the importance of.

Read More
Business Commodities News

Biden says weighs reducing tariffs on China, asking OPEC to pump more oil

TOKYO (Reuters) – U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a.

Read More
Commodities News

Oil firms on tight supply as U.S. driving season looms

By Sonali Paul and Mohi Narayan MELBOURNE (Reuters) – Oil prices gained on Monday with U.S. fuel demand, tight supply and a slightly weaker U.S. dollar supporting the market, as.

Read More
Commodities News

Oil Drops as Traders Weigh Tight Gasoline Markets, Weak Growth

(Bloomberg) — Oil declined at the start of the week’s trading as investors weighed tight product markets against concerns over slowing global growth. West Texas Intermediate edged below $110 a.

Read More
Commodities News

Oil Up as Supply Tightens and Demand Grows

By Gina Lee Investing.com – Oil was up on Monday morning in Asia as the upcoming U.S. peak driving season could see higher fuel demand. Brent oil futures gained 0.63% to $110.71 by.

Read More