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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.
NEW YORK (Reuters) – New York Metropolis is vulnerable to energy shortfalls beginning in the summertime of 2033 as rising electrical energy demand butts up towards a shrinking provide of fossil-fired era, the state grid operator stated on Thursday. Statewide,…
By Lisa Baertlein LOS ANGELES (Reuters) – Container delivery corporations like Maersk, CMA CGM and COSCO have ordered a whole bunch of latest vessels lately meant to assist their business slash greenhouse gasoline (GHG) emissions to fulfill rising demand from…
By Kemol King GEORGETOWN (Reuters) – U.S. oil main Exxon Mobil (NYSE:XOM) and companions have pulled out of negotiations with Guyana’s authorities on phrases for exploring and growing a shallow-water oil block, the South American nation’s vp mentioned on Thursday.…
Investing.com– Gold costs rose in on Thursday as heightened tensions between Russia and Ukraine underpinned secure haven demand, serving to bullion climate power within the greenback. Gold rose for a fourth consecutive session, extending a rebound from over two-month lows.…
(This Nov. 16 story has been corrected to repair Pedro Pizarro’s title, in paragraphs 1 and three) By Valerie Volcovici BAKU (Reuters) – The U.S. utility business needs the incoming Trump administration and Republican-led Congress to protect clear power and…
Investing.com– Gold costs rose on Friday and have been headed for a robust weekly achieve as elevated tensions between Russia and Ukraine sparked a broad rush into conventional secure havens. The yellow steel rebounded sharply from two-month lows this week,…
The US Treasury Division is at present investigating JPMorgan Chase & Co. (NYSE:JPM) for its enterprise dealings with Ocean Leonid Investments Ltd., a hedge fund linked to Iranian oil dealer Hossein Shamkhani, Bloomberg Information reported. The inquiry is targeted on…
Investing.com – Brent crude costs have retreated to the low-to-mid $70s a barrel, which displays market confidence in a big 2025 surplus, based on Goldman Sachs, however the influential funding financial institution sees upside dangers within the brief time period.…
Oil costs head for weekly acquire on Russia-Ukraine tensions
By Scott DiSavino (Reuters) -Oil costs climbed about 1% on Friday, settling at a two-week excessive, because the intensifying warfare in Ukraine this week boosted the market’s geopolitical danger premium. Brent (LCOc1) futures rose 94 cents, or 1.3%, to settle…
