Page 6 - Commodities Prices News Today

About one-third of Xiang Guangda's total short position of more than 150,000 tons of nickel is held through an OTC position with JPMorgan, a report said.

"We favor production increases and will be encouraging OPEC to consider higher production levels," the UAE ambassador to Washington said Wednesday.

Oil rallied towards $130 a barrel, as the US prepared to ban all imports of Russian crude, natural gas and coal in response to the attack on Ukraine.

As western countries consider a Russian oil embargo, the bank laid out a worst-case scenario in which soaring prices hit growth by as much as 2%.

European natural-gas prices rise as Russian ruble continues to fall

"If one is selling on the back of the latest geopolitical developments now, the risk is of getting whipsawed," JPMorgan said Monday.

Inflation is sending food prices skyrocketing. A top macro hedge fund manager explains the strategies investors can leverage as food prices rise.

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© Provided by Xinhua BEIJING, Dec. 9 (Xinhua) -- China consumer inflation rose further in November on warming demand, while factory-gate prices eased a

© Provided by Xinhua BEIJING, Dec. 9 (Xinhua) -- China consumer inflation rose further in November on warming demand, while factory-gate prices eased a