Investing.com — Crude oil prices fell Tuesday after weak trade data from China pointed to a sluggish post-COVID rebound for the world’s largest oil importer. By 09:50 ET (13.50 GMT), the futures traded 1.7% lower at $80.56 a barrel, while the contract dropped 1.5% to $84.02. Both contracts slid over…

By Jonathan Saul and Nigel Hunt LONDON (Reuters) – Russia’s lack of ships and Western grain traders’ shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes.…

By Nell Mackenzie LONDON (Reuters) – Bullish gasoline positions have hit their highest since the day Russia invaded Ukraine and will almost certainly rise further if record Atlantic Ocean heat draws a hurricane into the Gulf of Mexico and disrupts refineries, investors and analysts said. Many traders have been unnerved…

By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell by about 1% on Tuesday after data showed China’s crude imports and exports fell much more than expected in July in yet another sign of a sluggish post-COVID rebound for the world’s largest oil importer. futures were down 78 cents,…

By Jan Lopatka and Marek Strzelecki PRAGUE/WARSAW (Reuters) – European gas traders have begun storing in Ukraine to take advantage of lower prices and available capacity there, regardless of the risks from the ongoing war, three traders and company officials said. Following Russia’s invasion of Ukraine, begun in February last…

By Nandita Bose and Trevor Hunnicutt GRAND CANYON VILLAGE, Arizona (Reuters) – U.S. President Joe Biden will curb land development on a stretch of nearly 1 million acres (405,000 hectares) near Arizona’s iconic Grand Canyon, a move intended to cement his environmental credentials in the electoral battleground state. Biden, who…

Investing.com — Oil prices rose in Asian trade on Thursday, recovering a bulk of losses from the prior session amid weakness in the dollar and a tighter outlook for supply, while markets also digested mixed signals on monetary policy from the Federal Reserve. Crude prices had retreated from three-month highs…

By Timothy Gardner and Laura Sanicola WASHINGTON (Reuters) -The Biden administration is poised to increase outreach to western trading houses, insurers and tanker owners to remind them to abide by the Group of Seven’s price cap on Russian oil as the crude trades over that level, sources and experts said.…

By Ashitha Shivaprasad (Reuters) – Analysts slightly lowered their gold forecasts for this year on the grounds zero-yield bullion would need a catalyst for another run to all-time highs, such as an interest rate cut from the Federal Reserve, a Reuters poll showed on Thursday. The poll of 36 analysts…

By Eric Onstad and Ananya Bajpai LONDON/BENGALURU (Reuters) – Analysts have pared price forecasts for and other industrial metals as supply expands while demand in top metals consumer China remains muted, a Reuters poll showed. Copper prices have been range-bound in recent months after a January slide from their highest…