Commodity News

  • Commodity News

Oil Prices Decline as API Reports US Inventory Build

Oil prices settled lower on Wednesday following a build in US crude supplies, but ongoing concerns over the Israel-Hamas war…

17 hours ago
  • Commodity News

Oil Gains as Israel’s Rafah Attack Raises Ceasefire Doubts

Oil prices jumped in Asian trade on Tuesday as Israel's strikes in the Gazan city of Rafah in the latest…

2 days ago
  • Commodity News

Oil Prices Increase as Saudi Arabia Raises Crude OSP in Asia

Oil prices rose on Monday as Saudi Arabia raised June crude selling prices across Asia, and a ceasefire deal between…

3 days ago
  • Commodity News

Navigating 2024’s Commodity Prices: New Trends and Shifts

Quick Overview:  Historical Stability and Spikes: Pre-2008, prices were stable; post-2008 saw significant rises due to demand and renewable energy…

5 days ago
  • Commodity News

Oil Mixed as Traders Anticipate the US to Replenish Its SPR

On Thursday, oil prices were mixed amid speculation that the US would soon restock its Strategic Petroleum Reserve (SPR). The…

6 days ago
  • Commodity News

Cocoa Crashes as Traders Delay Purchases from West Africa

On Wednesday, cocoa prices plunged after a liquidity crunch forced traders and speculators to postpone bean procurements from West Africa.…

7 days ago
  • Commodity News

Record 48°C Heat in Mali: Deaths Surge, Essentials Costlier

Key Points Mali faces a severe heatwave, with temperatures reaching up to 48°C, leading to health crises and over 100…

1 week ago
  • Commodity News

Oil Prices Plummet on Fears of a Federal Reserve Rate Hike

On Tuesday, oil prices plunged after soft economic data fueled speculations that the Federal Reserve may raise interest rates in…

1 week ago
  • Commodity News

Sugar Price Increase Driven by Excessive Heat and Dryness

On Monday, sugar prices rose amid concerns that excessive dryness in Brazil will reduce its production. Sugar contacts prices for…

1 week ago
  • Commodity News

Wheat Dips Slightly Amid Supply Concerns Brought by Adverse Weather

On Monday, Chicago wheat futures dropped but still held on its nearly four-month high due to weather concerns in Russia,…

1 week ago

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