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17 hours Dallas Fed: Oil And Gas Sector Is On Fire 19 hours BP Launches Oil Project In U.S. Gulf Of Mexico 20 hours South Sudan Aims For Foreign Investment In First-Ever Oil Licensing Round 22 hours Norway Expands Arctic Oil Exploration 23 hours NYC Blocks Startup Revel's Planned Tesla Taxis In Climate Snub 2 days Iran Seizes 7,000 Illegal Crypto Mining Computers Amid Power Shortages 2 days Oil Prices Get Another Boost From Falling Crude Inventories 2 days Is Renewab...

Commodities traded mixed during the first week of June with buying fatigue emerging in both precious and industrial metals, while grains and especially the energy sector rose.

Commodities traded mixed during the first week of June with buying fatigue emerging in both precious and industrial metals, while grains and especially the energy sector rose. Overall, the Bloomberg Commodity Spot Index reached a fresh ten-year high despite worries that stronger-than-expected macro data from an overstimulated US economy could see the Federal Reserve start ...

Money managers reduced their bullish bets on the six most important petroleum contracts, but they bought more WTI Crude futures in the week to May 25 amid strong fundamentals for the U.S. benchmark

Crude Oil Looking Beyond Short-Term Challenges Crude oil and natural gas have both been lagging some of the blistering pace of other commodities this past week. Oil continues to be torn between the uneven recovery in global fuel demand, especially due to continued virus flareups across Asia, writes Ole Hansen, Head of Commodity Strategy, Saxo Bank. Adding to this has been the disastrous hacking attack on the Colonial Pipeline which supplies 2.5 million barrels/day of fuel products from refineries in Texas to consumers along the US East coast. As a result the US national average retail gaso...