Commodities

Commodities News

Oil edges higher ahead of inflation data after downbeat week

By Natalie Grover LONDON (Reuters) -Oil prices perked up in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for.

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Texas daily power demand sets record for May consumption

(Reuters) – Daily power consumption in Texas set a record for the month of May on Sunday, the state grid operator said, for the fourth time this month, as homes.

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Oil posts weekly loss as interest rate policy spurs fuel demand worries

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose about 1% on Friday, but fell for the week on worries that strong U.S. economic data would keep interest rates elevated for.

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Oil falls for fourth straight session on US inflation jitters

By Shariq Khan NEW YORK (Reuters) -Oil prices fell for a fourth consecutive session on Thursday and settled at multi-month lows as the prospect of higher-for-longer U.S. interest rates raised.

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Oil steady as investors weigh U.S. rate fears, firmer seasonal demand

By Georgina McCartney and Jeslyn Lerh SINGAPORE (Reuters) – Oil prices were stable on Friday as investors considered the latest comments from the U.S. Federal Reserve on interest rates amid.

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Russia’s Nornickel plans to build a PGMs refinery in Bahrain, source says

LONDON (Reuters) – Russian metals giant Nornickel plans a joint project for construction of a platinum group metals (PGMs) refinery in Bahrain, a source familiar with the matter told Reuters.

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US lukewarm on G7 Russian diamond ban after industry backlash

By Julia Payne and Dmitry Zhdannikov BRUSSELS/LONDON (Reuters) -The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after.

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Argentina soy farmers wait on rising prices to sell rain-drenched crop

By Maximilian Heath PERGAMINO, Argentina (Reuters) – In the fields of Pergamino in Argentina’s grain heartland, farmer Adrian Farroni is revving up his soybean harvest late, delayed by rains that.

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Oil set for weekly gain on signs of improving demand

By Shariq Khan NEW YORK (Reuters) – Oil prices rose in Asian trading hours on Friday, with global benchmark Brent set for its first weekly increase in three weeks on.

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Oil slips on signs of weak fuel demand, strong dollar

By Florence Tan SINGAPORE (Reuters) -Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate.

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