Futures File: China breaks records for buying US commodities
Futures File: Crude crashes as demand slides Walt Breitinger © Special to the Register Walt Breitinger A look at futures prices on commodities that impact the Des Moines metro area and greater Iowa. Petroleum’s horrendous tumble this week began Monday, fueled by a strong U.S. dollar and general concerns about slackening demand. The decline gained momentum on Wednesday as the International Energy Agency (IEA) reported an inventory build of 2.4 million barrels of crude. Thursday morning, the crash accelerated by $6 per barrel on worries the AstraZeneca vaccine roll-...