Oil prices extended gains on Friday and were on track for a positive week as China saw its crude imports rise in April, while geopolitical tensions in the Middle East showed little signs of abating.
Oil prices settled lower on Wednesday following a build in US crude supplies, but ongoing concerns over the Israel-Hamas war kept the declines in check. Brent crude oil futures for July delivery dropped 0.44% to
Oil prices jumped in Asian trade on Tuesday as Israel’s strikes in the Gazan city of Rafah in the latest escalation of its war with Hamas added uncertainty over a ceasefire deal with the Palestinian
Oil prices rose on Monday as Saudi Arabia raised June crude selling prices across Asia, and a ceasefire deal between Israel and Hamas became more unlikely, sparking concerns about a possible escalation of the war
Quick Overview: Historical Stability and Spikes: Pre-2008, prices were stable; post-2008 saw significant rises due to demand and renewable energy influences. Current Price Levels (April 2024): Corn at $4.30/bushel, wheat at $5.80, soybeans at $11.40,
On Thursday, oil prices were mixed amid speculation that the US would soon restock its Strategic Petroleum Reserve (SPR). The US West Texas Intermediate (WTI) June crude futures dipped slightly by 0.06% to $78.95 per
On Wednesday, cocoa prices plunged after a liquidity crunch forced traders and speculators to postpone bean procurements from West Africa. US cocoa July futures retreated 10.76% to $8,284.00 per metric ton (MT) on May 01,
Key Points Mali faces a severe heatwave, with temperatures reaching up to 48°C, leading to health crises and over 100 deaths. Power cuts worsen the situation, affecting daily life and causing significant price hikes for
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