Crude Prices Get Support From A Weaker Dollar
U.S. West Texas Intermediate crude oil futures are edging higher on Friday, putting it in a position to post its fourth straight weekly gain. The catalysts behind the buying strength Continue Reading
Explainer: Oil price spike leaves limited options for Biden
Two months after U.S. President Joe Biden announced an unprecedented effort among major oil consuming economies to work together to bring down rising fuel prices, prices are again approaching multi-year Continue Reading
Could Oil Really Reach $200?
Oil is about to post its fourth week of gains in a row, and the outlook remains bullish thanks to supply constraints and demand strength. But one hedge fund manager Continue Reading
U.S. Fertilizer Prices Drop Again, Easing Pressure on Farmers
Beef, Bacon, Car Prices Surging Due to Inflation North American farmers could be looking at less expensive crop nutrients this year, potentially easing the pressure on food costs that have Continue Reading
Oil Powers Into the New Year as Traders Shrug Off Omicron Impact
Oil headed for a fourth straight weekly gain, the longest winning streak since October, on signs that the market is tightening as global consumption withstands the impact of the omicron Continue Reading
$80 Oil Is Too Enticing For U.S. Drillers To Ignore
Despite multiple signals from the U.S. oil industry that it will continue treating the oil price recovery cautiously, signs are emerging that production growth is accelerating in some key locations, Continue Reading
Trucking, Farming, Heating Will Get More Costly as Diesel Surges
Trucking, farming and heating homes is set to get more expensive as diesel prices surge to highs not seen since 2014. In yet another setback for the Biden administration that’s Continue Reading
Oil Gains as U.S. Crude Stockpiles Drop to Lowest Since 2018
Oil climbed after two major agencies indicated that markets may be tighter than previously forecast and a U.S. government report showed crude inventories plummeted. West Texas Intermediate rose 1.7% on Continue Reading
Global airline passenger capacity ends 2021 35% below pre-pandemic level: OAG
Global airline passenger capacity rose 9% year on year in 2021 but was still 35% below the pre-pandemic level in 2019, with passenger volume lowest since 2009-2010, flight and data Continue Reading
Goldman Sachs Calls 10-Year Commodity Supercycle
While the markets digest the inflation numbers on Wednesday, all eyes will be focussed on the Federal Reserve’s reaction to the inflation data. Many economists expected the 7% gain in Continue Reading