Latest Commodities News & Archive

A gas pump is inserted inside an Audi vehicle at a Mobil gas station in Beverly Boulevard in West Hollywood, California, U.S., March 10, 2022.

Why Gas Is So Expensive This August

Americans are paying higher prices at the pump ahead of the Labor Day holiday due to rising crude oil prices and limited refinery capacity. However, relief is likely on the way.

Canadian Strike Highlights Problems With Just-in-time Delivery

Trucks loaded with shipping containers leave the Port of Montreal in Montreal, Quebec, Canada, May 17, 2021.

Canadian dock workers are still striking over automation fears and wages. The strike is entering its 11th day and the striking workers are holding rallies for support.

Oil Prices Set To End Week Near Multi-month Lows On Recession Fears

Oil pump jacks at Vaca Muerta in Argentina

Oil prices on Friday stayed near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets.

An attendee at the Bitcoin 2021 Convention, a crypto-currency conference held in Miami, Florida

Fear Grips Bitcoin Market As Bears Refuse To Retreat

Data tweeted by Glassnode shows that the world's biggest cryptocurrency, Bitcoin, remains bearish, and some key indicators show investors remaining in the sidelines.

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Gold May Hit $2,000 As China Pandemic Fears Weaken Equities, Dollar and Oil

Gold is leading safe-haven precious metals as economic slump fears grip world markets. The yellow metal looks good to scale $2,000 an ounce going past the $1,900 mark it crossed in 2013. Dow slumped 450 points Monday.

Diagnostic Practice Changes Causing False Increase In Autism Numbers, Hurting Study Of Disorder

Changes in diagnostic practices, which have led to a false increase in prevalence, are what's fueling theories that autism doesn't really exist.

Couple Falls To Their Death While Making Out On Bridge In Peru

A couple fell to their deaths after a sharing a romantic kiss on a bridge in Peru.

Florida Man Sentenced To 10 Years In Prison For Knowingly Spreading HIV

Rasheem Ikey Bodiford was sentenced to 10 years in state prison and five years of probation for three felony counts of having sexual contact with a person without notifying he was diagnosed with AIDS-causing HIV.

Why Has ‘Brahms: The Boy II’ Movie Been Delayed?

"Brahms: The Boy II" has been delayed from summer to winter, and it may end up being a smart move.

Looking For A High-Tech Gift For A Young Child? Think Playgrounds, Not Playpens

It can be hard to tell whether what’s in the box will encourage development or just be a waste of time.

LeBron James vs Steph Curry Net Worth In 2017: Who Makes More Money?

Who makes more money in the NBA, Steph Curry or Lebron James?

Coinbase Status: Cryptocurrency Price Skyrockets, Causes Outage At Largest Bitcoin Exchange

The prices of cryptocurrencies like bitcoin, XRP and ether all skyrocketed this week. Coinbase said the rush of traffic and trading caused outages across its bitcoin exchange.

Is China Going To War With ISIS? Philippines President Duterte Asks Beijing For Military Aid To Combat Islamic State

The move represents a significant shift in the Philippines’ political relations with the U.S., which had been the country’s main defense ally in the past.

Markets: Stocks Surge As Jobs Report Points To A Robust Economy

The latest jobs report suggests the economy is robust enough for the Federal Reserve to raise interest rates this month for the first time in nearly a decade.

What Is CAIR? Muslim Civil Rights Group Struggles To Fight Islamophobia After Recent Shootings

The Council on American-Islamic Relations is bracing for yet another backlash as it tries to defend its community from Islamophobic attacks.

Russia Suspends Turkish Stream Gas Pipeline Amid Tensions Over ISIS, Downed Jet And Oil

The pipeline would have funneled natural gas to Europe via Turkey.

China Droughts Are Driving Down Corn Production Forecasts In World’s Second-Largest Producer

The United Nations’ Food and Agricultural Organization says the dry conditions have led to a drop in the forecast of China’s corn production this growing season.

Sinosteel’s Debt Troubles Test China’s Willingness To Bail Out Its Dinosaurs

With China’s economy stalled, Beijing is facing tough choices about state-owned behemoths that provide jobs but have less economic impact than private-sector counterparts.

Is Turkey Buying Oil From ISIS? After Downed Plane, Putin Slams Islamic State's Black Market Fuel Sales

The Islamic State group "has big money, hundreds of millions -- or even billions -- of dollars, from selling oil," the Russian president said.

Iran's New Oil And Gas Contract Terms Flexible On Crude Price, Risk: Official

"The fee per barrel that is paid as profit to the company‎ is flexible based on the risk which is considered,” an Iranian official says.

Cargill To Cut 4,000 Jobs: Report

The Minnesota-based agricultural giant has not been immune to slumping commodities' prices.

Paris Attack Map: Location Of Bataclan Hostages, Stade de France Explosions And Charlie Hebdo Show Area Under Siege

A series of terror attacks in Paris were concentrated in the 10th and 11th arrondissement Friday night. As many as 60 hostages are being held at the Bataclan Concert Hall

With Crude Prices At Historic Lows, Saudi Arabia Pledges To Keep Oil Coming

Low crude prices will likely continue, as Saudi officials said they have no plans to reduce oil drilling.

How Will Federal Budget Deal Affect US Oil Security?

Experts say the reserve of 695 million barrels helps prevent volatility in crude oil markets and has a part in maintaining the global oil balance.

Indonesia To Limit Freeport-McMoRan Unit Sale To Local Investors

The copper producer needs to sell a 10.6 percent stake in exchange for a mine-contract extension.

Australia Coal Mining: Prime Minister Turnbull Brushes Off Call For Ban

Australia, the world's largest coal exporter, said it will not stop development of coal mines despite a call by prominent citizens to curb the country's role in global warming.

Uzbekistan's Islam Karimov and Russia’s Vladimir Putin

Japan, Uzbekistan Sign Deals Worth More Than $8.5 Billion

The bilateral deals between Japan and Uzbekistan cover the communications, energy, transport and other sectors.

China Bordeaux Futures: The End Of The Party

After Chinese investors suffered losses on record-high priced Bordeaux a few years ago, demand for 'En Primeur' futures contracts has withered on the vine.

Typhoon Koppu Hits Philippines, Expected To Cause Destruction For Days

The strongest typhoon to strike the main island in five years is expected to linger until midweek.

How India's Urban Middle Class, Mobile And Open To Eating Out, Could Make Cafe Coffee Day's IPO A Shoo-In

Upwardly mobile Indians, with their smartphones and cars, are increasingly comfortable spending more on eating out. This bodes well for ambitious cafe chains.