Crude Oil Volatile – Dysfunction In The Oil Market Intensified, Sending The Most Popularly Traded U.S. Oil Contract To A Fresh Low

Oil prices recovered some losses Tuesday after traders scrambled to avoid the worst of the damage wrought by volatile markets. The world is awash with too much oil at a time when coronavirus lockdowns on driving, flying and industrial activity has all but eliminated the need for the stuff. ⇑⇓ Start Trading Now or Try a FREE Demo […]

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Oil Glut Swells Off Asian Trading Hub On Global Storage Scramble

A narrow waterway off Singapore has become even more congested as oil-laden tankers wait out a slump in global fuel consumption that’s crimped demand and boosted the use of ships to store cargoes. About 60 clean fuel tankers are currently anchored along the busy strait, up from the usual 30-40 ships, according to Rahul Kapoor, […]

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U.S. Crude Futures Turn Positive After Historic Plunge

U.S. oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark Brent dipped as the global coronavirus crisis severely reduces demand for crude. U.S. West Texas Intermediate (WTI) crude for May delivery (CLc1) was up $38.99 in thin trade at $1.36 a barrel by […]

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Oil’s Spectacular Collapse Continues

Oil prices extended the gloom on Monday after a Saudi-Russian price war and an equities meltdown sparked by the coronavirus pandemic saw their biggest weekly losses in more than a decade. US benchmark West Texas Intermediate (WTI) briefly fell below $30 a barrel, or 5.5 percent, in morning Asian trade before regaining its footing. Day […]

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OPEC Agrees To Drastic Oil Cuts

The plan approved Thursday by the Organization of the Petroleum Exporting Countries would involve production cuts of 1 million barrels a day through the end of June to be shared among its 13 member nations. It also calls for another 500,000 barrels of daily cuts to be divided among the cartel’s 10 Russia-led oil-producing allies. […]

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OPEC Wants To Raise Oil Prices

◊ OPEC and Oil Prices News ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ The coronavirus outbreak has interrupted economic activity in China with entire cities on lockdown and travel restrictions putting a huge dent in demand for oil. Quite how much this will hit crude demand is unclear — but Chinese energy executives have said oil consumption in […]

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Turmoil In Global Gas Market

◊ Natural Gas News China ◊ ⇑⇓ StockMarketNews.Today ⇓⇑ Chinese importers threatening to cancel up to 70 per cent of seaborne imports in February as demand collapses and companies struggle to staff ports. The move by China, the world’s second-largest importer of liquefied natural gas, has sent prices to their lowest level on record and […]

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Goldman Says Oil Rally Likely Shortlived

⇑⇓ STOCK MARKET NEWS TODAY — BUSINESS & FINANCIAL NEWS ⇓⇑ StockMarketNews.Today — A flare-up in U.S.-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc . Price risks for Brent, which has surged about 6% […]

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Commodity Market Insights

Prospects for a “mini” trade deal between the U.S. and China leading to further progress have lifted agricultural commodities, taken the wind out of gold and left energy markets unimpressed. Energy CRUDE OIL prices fell for the first time in four days yesterday despite the announcement of the first steps in a trade deal at […]

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Saudi Arabia Oil Attacks Were Launched From Iran

Saudi Arabia Oil Attacks – Stock Market News — American intelligence indicates Iran was the staging ground for a debilitating attack on Saudi Arabia’s oil industry, people familiar with the discussions said Monday, as Washington and the kingdom weighed how to respond. The assessment, which the U.S. hasn’t shared publicly, comes as President Trump raised the […]

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Precious Metals Enjoy Resurgence in Negative-Yield World

♦ Precious Metals – Stock Market News Today ♦ … – Gold purchases by everyone from central banks to retail buyers have boosted the metal to its highest level in six years, with a coterie of famous investors now touting its role as a haven from market turmoil. Silver and platinum have outpaced all other […]

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Gold Falls as Risk Appetite Grows

{ Gold Price News – Stock Market News } … The Federal Reserve’s upcoming Jackson Hole, Wyo. retreat Is expected to boost gold prices on speculation of an imminent rate cut. But creeping risk appetite in the meantime is spoiling the party for longs in the yellow metal. Spot gold, reflective of trades in bullion, was down $15.22, or […]

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Trump Wants to Buy Greenland … But Why?

{ Trump Confirms Interest in Greenland – Stock Market News } … Mr. Trump has become entranced by the idea of the U.S. buying this vast, ice-shrouded island on the roof of the world, people familiar with discussions said. President Trump on Sunday confirmed his interest in potentially purchasing Greenland, but said it wasn’t a priority. The territory’s […]

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U.S. Agriculture

◊ U.S. Agriculture News — Stock Market News Today ◊ China is the fourth largest market for U.S. farm exports, behind Canada, Mexico and Japan. Former Iowa Lt. Gov. Patty Judge said the loss of a trading partner like China sets up a “dangerous situation.” …  With China officially pulling out of buying U.S. agricultural products, […]

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Corn Is America’s Largest Crop In 2019

Farmers have planted 91.7 million acres of corn in 2019, according to the National Agricultural Statistics Service (NASS). USDA’s Economic Research Service (ERS) publishes a monthly Feed Outlook report that analyzes supply and demand data to provide information on expected prices, production, exports, and feed uses for corn and other feed grains. The following is […]

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How To Start Commodity Trading

◊ Commodity Trading ◊ Trading commodities online is a relatively simple process, but it is not an activity that you should pursue without doing lots of homework. The traditional method of calling a commodity broker to place orders and waiting for a call back to give you a filled order price is less efficient than […]

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Today Is A Good Time To Invest In Latin American Mining

After Latin American countries gained independence, roughly 200 years ago, international mining investors had to change their approach. But the lure of Latin America’s mining sector remains just as strong. It has the planet’s largest reserves of copper, lithium and silver with plenty of gold to boot. While modest local demand – it has less […]

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Oil Gains As Gulf Tanker Seizure Raises Tensions

Stock Market News Today… Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf, although gains were capped as Libya resumed output at its largest oil field. Brent crude futures climbed 88 cents, or 1.4%, to $63.35 a barrel […]

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OPEC And Allies Set To Extend Oil Supply Cuts

OPEC and its allies led by Russia are set to extend oil output cuts until March 2020 on Tuesday to try to prop up the price of crude as the global economy weakens and U.S. production soars. The alliance, known as OPEC+, has been reducing oil supply since 2017 to prevent prices from sliding amid […]

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Major Global Powers Ordered To Stop Trading Oil And Gold Assets With The Venezuela

In a statement published Monday, 11 of the 14 members of the Lima Group called for a “peaceful transition through political and diplomatic means without the use of force.”

The group also underscored the need for an urgent delivery of humanitarian aid and insisted international governments “take measures to prevent the Maduro regime … from doing business in oil, gold and other assets.”

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Venezuela Has 20 Tons of Gold Ready to Ship. On Monday, a plane belonging to Nordwind Airlines, a company based in Moscow, landed at the international airport near Caracas

Venezuela has been trying for years to increase its gold reserves by encouraging mining, putting the military in charge of vast territories that yield the precious metal.

With strongman President Nicolas Maduro losing control of the country’s already-scant finances and reserves thanks to U.S. sanctions, who can put his hands on the nation’s estimated 200 tons of gold at home and abroad has become a key question.

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Impacts of climate change in Antarctica. What’s Happening Beneath Antarctica’s Ice?… Businesses and investors are keenly interested

“The biggest question when it comes to sea-level rise is: How will the Antarctic ice sheets react to ongoing climate change?” says Ricarda Winkelmann, an ice-sheet modeler in Germany’s Potsdam Institute for Climate Impact Research.

When Dr. Winkelmann talks to policy makers and business people, they want to know what is the worst-case scenario, and how fast will climate-related changes occur, she says.

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