Commodity News

Coffee Prices Fall as Starbucks Revolutionizes India

On Friday, the price of coffee fell amid growing bean production in India as Starbucks reshapes the country’s food and beverage industry. Coffee futures for December delivery shed 2.98% to ¢150.23 per pound as markets closed on September 22. In 2012, John Culver, that time’s president of Starbucks Asia Pacific, identified India as an important …

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Oil

Oil Prices Gained from US Data Showing Tight Supply

On Thursday, crude oil prices rose after the US government data reported weaker crude inventories, but Chinese economic issues limited gains. West Texas Intermediate crude oil futures for October delivery jumped by 0.04% to $81.66 per barrel on August 31. Likewise, Brent oil contracts for November exports went up by 0.05% to $85.28 a barrel. …

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Natural Gas

Natural Gas Prices Slid amid Unfavorable Weather Forecasts

On Wednesday, natural gas prices fell due to less hot weather and weaker gas usage than expected next week. Natural gas futures for October delivery declined by -0.60% to $2.66 per million British thermal units on August 30. The commodity reported slight losses brought by a mixed weather forecast. As a result, the demand for …

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