Browsing: Commodities
Some of the top US oil refiners are throttling back operations at their facilities this quarter, adding to concerns that…
Natural gas has never been this upside-down as negative prices get more common in Texas
Sometimes supply and demand get so out of whack that a producer has to pay a consumer instead of the…
Gold, copper and oil prices fall as market contagion spreads—’It’s just widespread panic’
Commodities from copper and gold to crude oil plunged as a global financial meltdown broadened, with traders rushing to cash…
The world’s top crude exporter has quadrupled imports of fuel oil to the highest level in more than 3 years
Saudi Arabia boosted imports of the dirtiest type of oil to the highest in more than three years to help…
Gas prices are headed lower amid weak demand, even during peak driving season, according to Wall Street’s short bets
Hedge funds increased their bearish bets against gasoline prices to the highest in seven years after this year’s summer driving…
Lumber prices are nearing all-time lows but could be headed for a rebound, executive says. ‘We are extremely, extremely cheap’
After dipping below post-pandemic lows this past week, inflation-adjusted lumber prices are approaching their all-time lows and are 20%-30% below…
India’s central bank boosts gold reserves by the most in 2 years after moving 100 tons from the UK to domestic vaults
India’s central bank probably increased its gold reserves by the most in almost two years last month, according to a…
The number of supertankers headed for China dropped to the lowest in almost two years, adding to recent concerns about…
Butter prices jump to all-time high as more dairy producers shift to cheese while bird flu keeps U.S. output tight
Butter has never been this expensive as a limited world supply has buyers scrambling before the holiday baking season later…
Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble ‘hangover’
The twin-peaked lumber bubble of 2021 and 2022 that once drove home building costs through the roof and exacerbated inflation…