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The latest commodity market moves as well as developments in the futures markets. Stay up-to-date with breaking commodities news and specifics on major commodities such as crude oil and gold.
By Jarrett Renshaw (Reuters) – U.S. President-elect Donald Trump doesn’t intend to spare crude oil from his deliberate 25% import tariffs on Canada and Mexico, sources instructed Reuters on Tuesday, because the oil business warned the coverage might harm shoppers,…
Investing.com — Goldman Sachs has warned of “vital penalties” for US shoppers if President-elect Donald Trump strikes ahead with proposed tariffs on imports from Canada, casting doubt on whether or not the plan will in the end be carried out.…
Investing.com — OPEC+ is more likely to delay the deliberate easing of oil manufacturing cuts, based on analysts at Citi Analysis. The group, which incorporates main oil-exporting nations and allies, is making ready for a digital assembly on December 1,…
(This Nov. 25 story has been corrected to say that the U.S. grew to become the world’s high exporter of LNG in 2023, not 2022, in paragraph 12) By Jarrett Renshaw (Reuters) – Donald Trump’s transition crew is placing collectively…
By Gary McWilliams and Marianna Parraga HOUSTON (Reuters) – An public sale of shares in a Citgo Petroleum dad or mum to pay claims towards Venezuela must be overhauled, a courtroom adviser beneficial on Tuesday, conceding a year-long sale course…
[إعلان 1] (رويترز) – تعهد الرئيس المنتخب دونالد ترامب يوم الاثنين بفرض رسوم جمركية على أكبر ثلاث شركاء تجاريين للولايات المتحدة – كندا والمكسيك والصين. ومن شأن الرسوم الجمركية المقترحة أن تؤثر على مجموعة متنوعة من الصناعات، بما في ذلك…
By Arathy Somasekhar (Reuters) -Oil costs have been little modified on Wednesday, pressured by a big shock construct in U.S. gasoline shares and worries about U.S. rate of interest cuts subsequent yr, however costs drew assist from considerations about provide…
Investing.com — U.S, oil costs settle simply decrease Wednesday as merchants weighed a ceasefire deal between Israel and Hezbollah and an sudden, attract US oil inventories forward of Sunday’s OPEC+ assembly. At 2.30 p.m. ET (1930 GMT), Brent oil futures…
Investing.com– Gold costs rose on Wednesday, supported by a weaker greenback and the prospect of elevated U.S. commerce tariffs stirring up geopolitical tensions.. Spot gold rose 0.2% to $2,637.99 an oz., whereas gold futures expiring in February rose 0.6% to…
HOUSTON (Reuters) – A U.S. Nationwide Labor Relations Board administrative legislation decide has dominated Exxon Mobil (NYSE:XOM)’s 10-month-long lockout of some 600 union staff at a Texas oil refinery throughout a contract dispute was authorized. The decide sided with Exxon…
