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 | 2,046.85 | 2,053.30 | 2,035.35 | +10.55 | +0.52% | |||
| XAU/USD | - | 2,028.40 | 2,035.93 | 2,017.28 | +9.01 | +0.45% | |||
| Silver | Mar 24 | 24.483 | 24.712 | 24.372 | -0.063 | -0.26% | |||
| Copper | Mar 24 | 3.7920 | 3.8255 | 3.7822 | +0.0080 | +0.21% | |||
| Platinum | Jan 24 | 911.00 | 916.45 | 902.05 | +4.40 | +0.49% | |||
| Palladium | Mar 24 | 978.53 | 978.53 | 937.75 | +38.23 | +4.07% | |||
| Crude Oil WTI | Jan 24 | 70.45 | 72.60 | 70.42 | -1.87 | -2.59% | |||
| Brent Oil | Feb 24 | 75.41 | 79.09 | 75.41 | -1.79 | -2.32% | |||
| Natural Gas | Jan 24 | 2.702 | 2.756 | 2.684 | -0.008 | -0.30% | |||
| Heating Oil | Jan 24 | 2.5794 | 2.6551 | 2.5766 | -0.0617 | -2.34% |
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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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U.S. Gasoline Prices Fall to 11-Month Low
Amid lower crude oil prices and weakening fuel demand, U.S. gasoline prices have fallen to the lowest level since January and analysts say there is a chance of below $3 a gallon average...
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OPEC’s Oil Output Drops for the First Time Since July
OPEC’s crude oil production dropped in November for the first monthly decline since July as Nigeria and Iraq saw lower shipments, the monthly Reuters survey found on Wednesday. OPEC...
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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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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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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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Libya’s NOC set for 2 mln bpd oil output in 3-5 yrs, says chairman
Libya’s National Oil Corporation (NOC) is on track to reach oil output of 2 million barrels per day (bpd) in the next three to five years and is planning bidding rounds for exploration...
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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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Exxon to Boost Share Buybacks to $20 Billion Next Year
ExxonMobil plans to accelerate the pace of its share repurchases to $20 billion annually in 2024 as it raises production and generates higher cash flows and earnings, the U.S. supermajor...
