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Commodities News Page 48

wheat

Cereal prices plunge on stronger production forecasts

Cereal prices have plunged over recent weeks as investors have pared expectations for disappointing harvests. Wheat futures have fallen to 433 cents per bushel from 560 cents at the beginning of July.

James Hester
oil

Oil risks slump to $40 per barrel

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.

James Hester
Gold bars

Gold ‘fat-finger’ trade causes dramatic price slump

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.

Richard Reed
oil

FTSE turns volatile as oil and sterling slide

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

Neil Dennis
oil

Oil slides further as production rises

Oil prices softened on Wednesday on the back of rising US oil inventories and higher OPEC production.

James Hester
oil

Oil dips again but investors bullish further out

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.

James Hester
oil

Oil rises as Saudi-led coalition severs Qatar ties

Oil prices firmed after a Saudi-led coalition took the unprecedented step of severing diplomatic and economic ties with Qatar.

James Hester
saudi mountain pass

Immediate reaction to OPEC cuts extension mixed

Immediate reaction is mixed on the outlook for oil prices after the 172nd meeting of the Conference of the Organization of Petroleum Exporting Countries

Brian Bollen
Oil rig

Oil climbs as US demand picks up ahead of Opec meeting

Oil prices climbed on Wednesday after weekly inventory data in the US showed a larger than expected draw down in crude stocks

Neil Dennis
oil refinery

President Trump's plan to sell oil reserve sounds familiar

President Trump's plans to sell half of the US strategic oil reserve sounds familiar, and could turn out to be fundamentally misguided.

Brian Bollen
oil rig

Oil prices rise after Saudi minister output cut talk

Crude oil prices rise close to $50 a barrel after Saudi Arabia says the producers that agreed to output cuts were in favour of extending the arrangement through the first quarter next year

Neil Dennis
solar

Solar power takes the lead

Global investment in solar power is set to outstrip that for both coal and nuclear energy combined in 2017.

James Hester
oil rig

Oil prices rise after Saudi-Russo output deal

Crude oil prices jumped more than 2% on Monday after Saudi Arabia and Russia agreed to keep production cuts in place into 2018

Neil Dennis
Oil price fall

Oil price fall may hit oil companies but lift consumers

The sharp fall in the price of Brent Crude yesterday to less than US$48 a barrel exaggerates the pattern of the last few weeks. The price of this key industry benchmark

Brian Bollen