Oil prices slump on OPEC skepticism, global growth concerns
Investing.com -- Oil prices retreated Wednesday, continuing to show weakness as traders fretted over the viability of voluntary output cuts by top producers, as well as weakening global...
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| Gold | Feb 24 | 2,042.85 | 2,053.30 | 2,035.35 | +6.55 | +0.32% | |||
| XAU/USD | - | 2,026.05 | 2,035.93 | 2,017.28 | +6.66 | +0.33% | |||
| Silver | Mar 24 | 24.433 | 24.712 | 24.413 | -0.113 | -0.46% | |||
| Copper | Mar 24 | 3.7910 | 3.8255 | 3.7822 | +0.0070 | +0.18% | |||
| Platinum | Jan 24 | 907.40 | 916.45 | 902.05 | +0.80 | +0.09% | |||
| Palladium | Mar 24 | 970.28 | 977.00 | 937.75 | +29.98 | +3.19% | |||
| Crude Oil WTI | Jan 24 | 70.55 | 72.60 | 70.52 | -1.77 | -2.45% | |||
| Brent Oil | Feb 24 | 75.53 | 79.09 | 75.49 | -1.67 | -2.16% | |||
| Natural Gas | Jan 24 | 2.706 | 2.756 | 2.684 | -0.004 | -0.15% | |||
| Heating Oil | Jan 24 | 2.5858 | 2.6551 | 2.5823 | -0.0553 | -2.09% |
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| TR/CC CRB ex Energy TR | - | 334.09 | 334.09 | 334.09 | 0.00 | 0.00% | |||
| TR/CC CRB Orange Juice | - | 1.9496 | 1.9813 | 1.9423 | 0.0000 | 0.00% | |||
| TR/CC CRB Unleaded Gas | - | 10.3611 | 10.3711 | 10.1018 | +0.0000 | +0.00% | |||
| TR/CC CRB Heating Oil | - | 10.3573 | 10.3958 | 10.1454 | +0.0000 | +0.00% | |||
| TR/CC CRB ex Energy ER | - | 164.62 | 164.62 | 164.62 | 0.00 | 0.00% |
Commodities News & Analysis
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Oil drops as markets mull OPEC+ cuts' efficacy, China demand concerns
By Robert Harvey (Reuters) -Oil prices continued to fall on Wednesday, as investors weighed the effectiveness of an extension in OPEC+ cuts in tightening supply against a worsening demand...
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Trans Mountain Oil Pipeline Faces Yet Another Delay
The Trans Mountain Expansion Project could face fresh delays after the Canadian regulator denied a variance request from the project developer to move a small section of the pipeline due to...
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World’s major oil producers spurn fossil fuel phase-out in net zero push – research
None of the world’s major oil and gas-producing countries have plans to eventually stop drilling for those fuels, despite many having pledged to reach net zero emissions, according to data...
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How to advance oil and gas operations through private 5G
The oil and gas industry is evolving rapidly, urged on by a number of macroeconomic factors that are converging to create challenges – and potential opportunities. A significant labor...
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Commodities Outlook 2024: Cautious Optimism
Supportive fundamentals, lingering geopolitical risks and expectations of Federal Reserve easing suggest the complex will trend higher next year. However, with plenty of uncertainty over...
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COP28: Saudi Aramco CEO says fossil fuel investment more viable than renewables to meet demand
Saudi Aramco’s CEO Amin Nasser on Dec. 4 called for more investment in oil compared to renewables to meet energy demand growth. “If you look at this quarter, there is 103 million b/d of...
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Russian oil and gas budget revenues decline in November to $10.5 bln
Russia’s oil and gas revenues declined in November to 961.7 billion roubles ($10.53 billion) from 1.635 trillion roubles in the previous month, finance ministry data showed on Tuesday, due...
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The Medicare Gold Rush Is Slowing Down
UnitedHealth’s disappointing outlook and the Humana sale talks intensify concerns that the Medicare Advantage business isn’t what it once was.
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Saudi Arabia May Have Set the Price of Its Oil Too High
Asian buyers could reduce intake of term supplies from Saudi Arabia in January and look to buy more spot crude cargoes after the world’s top crude exporter reduced the price of its oil to...
