Category: Commodity News

Oil
Commodity News

Oil Jumps on Signs of Growing Fuel Demand in China

On Monday, oil prices recovered from Friday’s slight loss after better-than-expected economic data from China hinted at higher March imports. The US West Texas Intermediate (WTI) petroleum futures for May delivery surged 1.92% to $82.16

TMN - Cotton
Commodity News

Cotton Market Dips: An In-depth Analysis

Quick Look Cotton prices decreased by 0.81%, closing at 61,480. Increased production forecasts by CCPC and Cotton Australia add to supply. Lower demand from mills and concerns over domestic prices impacting exports. Technical analysis suggests

TMN - Cocoa
Commodity News

Cocoa Soars as the Market Braces for a Chocolate Crisis

On Friday, cocoa futures lifted to a seven-year high as excessive rainfall in West Africa devastated crop yields, causing a chocolate crisis. US cocoa futures for May delivery rose 8.28% to $8,018.00 per metric ton

Commodity News

Oil Surges After the EIA Forecasts a Supply Deficit for 2024

On Thursday, oil prices passed the $80.00 resistance level after the Energy Information Administration (EIA) predicted a 2024 supply deficit. The US West Texas Intermediate (WTI) petroleum futures for May delivery advanced 1.72% to $81.09

Commodity News

Market Stir: Navigating the Swift Rise of Cocoa Costs

Quick look Significant price increases for May ICE NY cocoa and May ICE London cocoa, with rallies driven by supply concerns from West Africa. A notable decline in Ivory Coast’s cocoa production, amid other challenges,