COMMODITIES

Residual fuel oil has a couple of uses, predominantly consumed as bunker fuel in the maritime shipping sector. Consumption in December 2021 was at its most elevated end-of-year level since

  The EIA conveyed that U.S. crude oil inventories dropped by 4.76MMbbls over the last week, departing total commercial U.S. crude oil inventories at a little over 410MMbbls, the lowest

There were no lengthy conversations at Wednesday’s meeting about member nations of the producer group failing to strike their production targets or almost one of the busiest months on the

Gold futures were higher 0.26% to $1,797.70 by 10:53 PM ET (3:53 AM GMT). Nevertheless, gold fell under the $1,800 mark and dropped nearly 2% for the week to date,