(Reuters) -The main grid operator in Texas said on Thursday it had engaged its emergency system after electricity reserves dropped below the critical 3,000 MW level due to increased power usage amid a heatwave. The Electric Reliability Council Of Texas (ERCOT), which operates the grid for more than 26 million…

Investing.com — Has the great China recovery resumed? One might think so, looking at oil bulls’ optimism Thursday after the vow by Beijing’s central bank to get its economy moving.  Crude prices rose for the first time in four days, tacking on more than $1 per barrel in the latest…

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Thursday after falling for three straight sessions, as the dollar weakened and China’s central bank sought to bolster the property market and wider economy. futures rose 67 cents, or 0.8%, to $84.12 a barrel, while U.S. West Texas Intermediate crude (WTI)…

By David Lawder WASHINGTON (Reuters) -The United States on Thursday escalated its objections to Mexico’s curbs on genetically modified corn imports, requesting a dispute settlement panel under the North American trade pact, the U.S. Trade Representative’s office said. The request to send the dispute to arbitrators was announced after formal…

Investing.com — Gold tumbled to a five-month low Thursday as surging U.S. Treasury yields and a strong dollar delivered a one-two punch to bulls in the yellow metal. With the spot price of bullion already in $1,800 territory, it’s not certain how much longer those long gold futures can hang…

Investing.com — Gold and copper prices fell to their weakest levels in a month on Monday, coming under pressure from a stronger dollar as rising U.S. inflation pushed up concerns over higher interest rates. Data from last week showed that U.S. inflation edged higher in July after declining steadily this…

Investing.com — Crude oil prices retreated Monday, pressured by renewed concerns over China’s economic recovery as well as a stronger U.S. dollar. By 09:10 ET (13.10 GMT), the futures traded 1.1% lower at $82.30 a barrel, while the contract dropped 1% to $85.95.  Property woes slow China’s economic recovery Chinese…

Investing.com — The oil rally is beginning to feel heavy. Crude prices slid on Monday on persistent worries about post-pandemic growth in China and as players adjusted positioning ahead of Tuesday’s data on U.S. and Wednesday’s Federal Reserve minutes on the central bank’s July policy meeting. In China, economic data…

(Reuters) – California’s Independent System Operator (ISO) warned of high temperatures and increased electricity usage during the coming week as the grid operator prepares for tight conditions works to ensure adequate supply. In a notice released on Saturday, ISO said it is closely monitoring the power grid as widespread heat…

By Erwin Seba HOUSTON (Reuters) -Oil prices finished down on Monday on worries about China’s faltering economic recovery and a stronger dollar were taking the momentum out of seven weeks of gains on tight supply. U.S. West Texas Intermediate crude settled down 68 cents, or 0.82%, at $82.51 a barrel.…