Oil prices moved in and out of negative territory today as hopes of a production cut from Saudi Arabia appeared to largely offset news of a rise in US crude inventories
Oil prices could fall below $40 per barrel this year as a supply glut continues to pressure the market.Longer-term forecasts also point to further downside.
The UK´s dairy industry warned of rising prices and low supply, with the potential for shortages of products like butter and cream later in the year.
An accidental ‘fat-finger’ trade may have triggered a dramatic 1.3% fall in the gold price in early UK trading on Monday (June 26), which saw it plummet from $1,253 to $1,243 in just five minutes.
A US investment firm has been fined $1.5m and its senior staff $3.5m by the US regulator for illegally trying to influence the cattle futures market. McVean Trading & Investments of Memphis, Tennesse
Sliding oil prices and a return to April lows for sterling leave UK stocks vulnerable to volatile moves with energy stocks and banks exerting downside pressure
Oil prices softened on Wednesday on the back of rising US oil inventories and higher OPEC production.
Oil prices lost further ground in early trading on Friday as the market continued to be rocked by data showing US crude stockpiles had surprised on the upside.
Oil prices firmed after a Saudi-led coalition took the unprecedented step of severing diplomatic and economic ties with Qatar.