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Commodities
Oil books 3rd weekly gain; market awaits Fed verdict on inflation
© Reuters.
Investing.com — Oil booked a third weekly gain, with U.S. crude trading above $90 per barrel the first time in 10 months on better-than-expected data from top…
Oil market on track for third consecutive week of gains amid supply restrictions
The oil market is headed for a third straight week of gains, bolstered by supply constraints from leading oil producers Saudi Arabia and Russia. The West Texas Intermediate…
Gold rises with Fed pause in sight, copper rallies on China stimulus
© Reuters
Investing.com-- Gold prices rose in Asian trade on Friday as markets bet that the Federal Reserve will keep rates on hold despite recent increases in inflation,…
Rice prices surge to highest since 2008, challenging inflation control efforts
HSBC Holdings Plc (LON:) has noted a significant increase in the cost of rice, which has surged to its highest point since 2008, according to their economic forecast…
Oil set for another weekly gain on tight supply and China optimism
© Reuters. FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin…
China’s key sectors see surge in commodity production, signaling economic recovery
China's economy appears to be on a path of recovery, with key sectors including oil processing and aluminum production reaching record-breaking levels in August. This surge…
US crude prices above $90/bbl ignite inflation worries
© Reuters. Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB),…
US House panel to question Buttigieg at oversight hearing
© Reuters. FILE PHOTO: Secretary of Transportation Pete Buttigieg listens as U.S. President Joe Biden speaks about the airline industry and consumer protections from the South…
Gasoline prices surge 10.6% in August, stirring inflation concerns
© Reuters.
In recent developments, American households have been grappling with a sharp 10.6% increase in gasoline prices that took place in August, according to data…
Metals and raw materials surge ahead of Federal Reserve’s anticipated statement
Ahead of an expected statement from the Federal Reserve, traders have driven a noteworthy rally in the values of metals and other raw materials this Thursday. This upward…