Commodity News

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. …

Oil Prices Gained from US Data Showing Tight Supply Read More »

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 …

Natural Gas Prices Slid amid Unfavorable Weather Forecasts Read More »

TMN - Wheat

Wheat recovers as Russian missiles hit Ukraine’s port

On Monday, wheat futures recovered as Russian missiles hit Ukraine’s southern port of Odesa last Saturday. US futures tied to the commodity edged up 3.54% or 26.90 points to $786.80 per metric ton. The attack threatened a deal signed just a day earlier to unblock grain exports from Black Sea ports. Two Russian Kalibr missiles …

Wheat recovers as Russian missiles hit Ukraine’s port Read More »