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Commodities
How Trump Convinced Saudi Arabia To End The Oil Price War
U.S. President Donald Trump was so intent on saving the American oil industry that he told the Saudi crown prince that unless the Kingdom stopped the oil price war and got OPEC+ together for a new…
Why All Eyes Will Be On The Expiry Of Brent Oil Futures This Week
The expiry of the June contract for Brent oil futures in Europe on Thursday will possibly be the most watched event in oil markets for some time after the U.S. benchmark plummeted below zero for the…
Oil Fund’s Forced Sales Send WTI Prices Plunging Again: Kemp
Front-month U.S. light crude oil futures prices slumped almost 25% yesterday, the second sharp tumble in a week, after the exchange operator ordered a major commodity fund to sell some of its…
Industry Seeks Easier Refined Palm Oil Imports To Cut Prices During Lockdown
Importers of refined palmolein have asked government allow free import of refined palm oil so that poor people can get cheaper edible oil during Covid-19 lockdown which has disrupted the economy and…
Oil Prices Sink As World Runs Low On Storage Capacity Amid Frail Demand
Oil prices slumped again on Tuesday amid concern about dwindling capacity to store crude worldwide, heightened by fears that fuel demand may be slow to pick up once countries ease curbs imposed on…
Gold Down As Loosed Lockdown Measures Increase Investors’ Risk Appetite
Gold was down on Wednesday in Asia with some countries announcing the loosening of months-long COVID-19 lockdown measures.
Gold futures fell 0.53% to $1,714.70 by 11:28 PM ET (4:28 AM GMT) as…
Oil Prices Crash 24% As Storage Fears Mount
Oil prices look to be facing yet another harrowing Monday, with the price of WTI sliding by more than 20 percent in early morning trading.
Global oil storage is inching closer and closer to…
Palm Oil Falls To Nine-Month Low, Weaker Crude Outweighs Higher April Exports
Malaysian palm oil futures fell to a nine-month low on Monday, as weakness in crude and rival oils on the Dalian exchange outweighed better April export volumes.
The benchmark palm oil contract for…
Oil Slides Back Near US$16 on Glut While Producers Start Cuts
Oil fell to trade near US$16 a barrel as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output.
Futures in New York slid as much as…
The Next Chapter of the Oil Crisis: The Industry Shuts Down
Negative oil prices, ships dawdling at sea with unwanted cargoes, and traders getting creative about where to stash oil. The next chapter in the oil crisis is now inevitable: great swathes of the…