Investing.com — Crude oil prices fell Tuesday as disappointing economic data raised further concerns about China’s economic recovery, even following Beijing’s unexpected interest rate cut. By 09:40 ET (13.40 GMT), the futures traded 1.4% lower at $81.38 a barrel, while the contract dropped 1% to $85.34 per barrel. China’s rate…

JAKARTA (Reuters) – Indonesia has requested World Trade Organization (WTO) dispute consultations with the European Union regarding the bloc’s imposition of duties on imports of biodiesel from the Southeast Asia nation, the global trade body said on Tuesday. The EU is Indonesia’s third-largest destination for palm oil products and is…

Investing.com – Crude prices tumbled nearly 2% Tuesday as worsening economic data out of top oil importer China offset some of the market’s ebullience over Saudi production cuts. China’s industrial output and retail sales data on Tuesday showed the economy slowed further last month, intensifying pressure on already faltering growth…

Investing.com — oil stocks likely fell by nearly 7 million barrels last week, with deficits in distillates as well while stockpiles of gasoline rose, amid intensive production cuts by Saudi Arabia, petroleum industry group API indicated in a preliminary report on Tuesday ahead of official inventory data. The possibly dipped…

By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell over 1% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s unexpected cut in key policy rates was not sufficiently substantial to rejuvenate the country’s sputtering post-pandemic recovery. futures fell $1.32, or 1.5%, to settle at $84.89…

By Laura Sanicola and Shariq Khan (Reuters) – U.S. motorists hoping to squeeze out one last trip before the Labor Day holiday and school begins are finding pump prices that have surged to their highest level this year on tighter gasoline supplies. Consumers tend to get a break from steeper…

By Trixie Yap (Reuters) -Oil prices edged down in early trading on Wednesday, extending losses from a 1% drop in the previous session, as the lingering impact of weak economic data from China, the world’s biggest oil importer, outweighed declining U.S. stockpiles. futures fell 21 cents to $84.68 a barrel…

Investing.com– Gold prices were flat on Wednesday and were on the cusp of falling below key levels, while copper prices hit a two-month low as fears of a Chinese economic slowdown and rising interest rates boosted the dollar.  U.S. data released on Tuesday showed that consumer spending remained robust in…

Investing.com– Oil prices crept lower in Asian trade on Wednesday, shrugging off signs of a bigger-than-expected draw in U.S. inventories as concerns over worsening Chinese economic conditions and rising interest rates weighed.  Crude prices fell sharply from 2023 highs in recent sessions as weak economic indicators from top importer China…

By Mark Weinraub CHICAGO (Reuters) – The U.S. corn harvest could be the second-largest on record as rains during July shepherded the crop through its critical development phase, offsetting dry conditions early in the season and hot summer temperatures, analysts and farmers said. A strong harvest would add to domestic…