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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.
Investing.com — Oil costs settled decrease Wednesday, as a softer demand outlook continued to weigh on sentiment. At 2:30 p.m. ET (19:30 GMT), Brent oil futures fell 0.2% to $73.41 a barrel, whereas West Texas Intermediate crude futures fell 0.4% to…
(Reuters) – U.S. power storage market noticed document progress within the third quarter with 3,806 megawatts (MW) price installations and 9,931 megawatt-hours (MWh) deployed, Wooden Mackenzie mentioned in a report on Thursday. This was a 80% and 58% improve, respectively,…
Investing.com — Oil costs are more likely to drop 10% from present ranges in 2025, weighed down by a wave of provide that may possible outpace demand, analysts at BofA stated in a current word. Crude Oil WTI Futures crude…
By Leah Douglas (Reuters) – The Summit Carbon Options’ huge carbon dioxide pipeline mission proposal would should be reassessed if the US repeals tax credit for carbon seize and storage, an organization lawyer mentioned on Thursday. Summit intends to seize…
Pure gasoline futures confirmed minimal change as merchants anticipated the discharge of the Vitality Data Administration’s (EIA) stock report. The report is predicted to disclose a big withdrawal of 165 billion cubic toes from storage for the earlier week, which…
(Reuters) – There’s a 59% probability of La Nina rising from November 2024 to January 2025, with a transition to ENSO-Impartial probably by March-Could 2025, a U.S. authorities forecaster mentioned on Thursday. La Nina is a phenomenon characterised by unusually…
A have a look at the day forward in U.S. and world markets from Mike Dolan With rates of interest tumbling the world over and set to fall stateside once more subsequent week too, Wall Avenue shares are sizing up…
By Ahmad Ghaddar, Shariq Khan and Trixie Yap LONDON/NEW YORK/SINGAPORE (Reuters) – The worldwide diesel market will possible discover value assist in 2025 from the closure of about 1% of refining capability, merchants and analysts stated, offsetting present weak point…
Investing.com — The rally in gold costs “isn’t over simply but,” in line with ING. The valuable steel has loved a record-breaking rally in 2024, surging 25% year-to-date pushed by a mix of Federal Reserve charge cuts, elevated central financial…
The Worldwide Vitality Company (IEA) has revised its oil demand projections upward for 2025, attributing the rise to the financial stimulus measures in China. The Paris-based group now expects international oil demand to increase by 1.1 million barrels per day…
