By Leah Douglas WASHINGTON (Reuters) – The top Senate negotiator of the United States’ largest farm spending package is looking to get the bill done in December, three months after the prior farm bill expires on Sept. 30. Sen. Debbie Stabenow of Michigan, chair of the Senate Agriculture Committee, said…

Investing.com – Crude prices jumped almost $2 a barrel Tuesday before giving  back everything to settle a touch lower as warnings of an overbought market led to profit-taking and tempered some of the bull mania of the past three weeks driven by just one thing: notion of tight supply. New…

By David Lawder NEW YORK (Reuters) – “Net-zero” financing commitments from banks and asset managers should align with goals to limit the global average temperature increase to 1.5 degrees Celsius and be backed by “credible” metrics and targets, the U.S. Treasury said on Tuesday. The Treasury released the new, voluntary…

Investing.com – Sit and wait: That’s what the gold trading community seems to have decided ahead of Wednesday’s monetary policy update from the Federal Reserve and other central bank rate decisions due this week. Gold’s most-active futures contract on New York’s Comex, , settled at $1953.70 ounce, up just 30…

Oil prices surged on Tuesday, marking a continuation of the upward trend observed over the past three weeks. The rise is largely attributed to a tightened supply while demand remains steady. , an international standard, rose by 0.9% to reach $95.26 per barrel, and West Texas Intermediate, the benchmark for…

(Reuters) -New York Governor Kathy Hochul on Tuesday announced the start of construction on the converter station of the Champlain Hudson (NYSE:) Power Express transmission line, a project to bring electricity generated from Canadian hydropower to New York City. The 340 mile (547 km) transmission line is a proposed underwater…

BEIJING (Reuters) – China on Tuesday urged increased cross-border connectivity with Russia and deeper mutual trade and investment cooperation, as both allies vowed ever closer economic ties despite disapproval from the West after Russian forces invaded Ukraine last year. The Russian minister of economic development held “in-depth” discussions on economic…

Investing.com — Crude prices saw modest change on Wednesday as buyers seemed restrained ahead of a Federal Reserve update on U.S. monetary policy — despite weekly petroleum inventory data showing draws all around. New York-traded West Texas Intermediate, or , crude for delivery in November was at $90.50 per barrel…

The Federal Reserve is poised to release its updated inflation and interest rate forecasts on Wednesday, September 20, 2023. However, investors, traders, and strategists have expressed concerns that these projections may not fully account for the impact of soaring oil prices. This week witnessed oil prices reaching their highest levels…

As benchmark approaches the $100 per barrel mark, a new high for 2023 set on Tuesday, worries about a potential U.S. recession and inflationary pressure have been sparked. The Federal Reserve’s efforts to control inflation ahead of its September policy meeting could face hurdles due to rising oil prices. Historically,…