Investing.com – US crude stockpiles grew by less than half of forecast levels while gasoline and distillate balances saw modest changes as well in one of the least consequential weekly inventory reports for the year, released on Wednesday by the government. The US  rose by 0.773 million barrels during the…

MOSCOW (Reuters) – Russia’s hasty restoration of a “damper” subsidy for oil refiners will not only cost the state budget 400 billion roubles ($4.3 billion) in subsidies this year, but also a one-off 350 billion roubles in taxes, Reuters calculations show. The outcome shows the difficulty, five months before a…

The escalating conflict in the Middle East could have significant impacts on global commodity prices, according to the World Bank’s October 2023 Commodity Markets Outlook report. The Washington-based institution warns of potential hikes in oil and commodity prices if the Israel-Hamas conflict expands across the region. The report suggests that…

By Scott DiSavino NEW YORK (Reuters) – Oil prices eased about 1% to a three-week low on a rising U.S. dollar and after the U.S. Federal Reserve kept interest rates steady as expected but noted it would keep the door open to possible future rate hikes due to a strong…

Investing.com — The oil bull has come up for gasping for air after October’s sinking of crude prices — and isn’t finding relief from a Federal Reserve indicating that current US interest rates may not be high enough to effectively curb inflation. The Fed is still quite some way from…

(Reuters) -The collapse of an idle coal-sorting building in Kentucky killed one man and trapped another man under the rubble, authorities said on Wednesday. The 11-story structure at the Martin Mine Prep Plant in Martin County caved in on Tuesday evening, the Kentucky Emergency Management agency said in a statement.…

Investing.com– Gold prices rose on Thursday, encouraged by a weaker dollar and Treasury yields after the Federal Reserve struck a less hawkish tone than expected, although gains in the yellow metal were limited by increased risk appetite.  The , as widely expected, on Wednesday. But comments from Fed Chair Jerome…

Oil prices have seen an increase following the Federal Reserve’s indication of potentially halting further interest rate hikes, thereby stabilizing a previously uncertain demand outlook. This comes as the Federal Reserve refrained from raising borrowing costs for two consecutive meetings. The recent rise in long-term Treasury yields has been cited…

By Dominique Patton BEIJING (Reuters) – Dozens of U.S. agriculture industry representatives gathered in Beijing on Thursday to meet Chinese counterparts amid growing U.S. efforts to bolster farm trade even as political ties between their two countries remain strained. A delegation from 11 groups including the U.S. Soybean Export Council,…

Oil prices rose by over 1% on Thursday, ending a three-day decline. The upswing was in response to the U.S Federal Reserve’s decision to keep benchmark interest rates steady, with both futures and West Texas Intermediate crude futures seeing a 1.1% increase to $85.52 and $81.35 a barrel respectively. This…