OPEC+ is trying to protect its market share
Key points: Brent oil futures fell to their lowest in 4 months due to OPEC+ plans to increase production. OPEC+ restrictions will be g…
Commodity market news
Oil, gold, natural gas and other commodities: prices, forecasts, inventory data and events affecting global supply and demand.
Oil in the red as demand concerns grow
Key points: Oil prices fell due to expectations that high interest rates in the US will continue, which could negatively affect demand…
Oil stabilizes ahead of OPEC meeting
Key points: There is stability in oil prices as demand is expected to be high in the summer season. Analysts predict that OPEC+ countr…
Oil price falls for 4 days in a row
Key points: Oil prices are falling due to fears of slowing economic growth and lower oil demand. Minutes of the Fed meeting that the b…
Short positions in wheat and corn are shrinking
Key points: Traders are trimming short positions in grains and oilseeds, which until recently were at near record lows. Corn prices fe…
Oil declines following inflation data
Key points: Oil prices fell due to concerns about continued high interest rates in the US. The US CPI rose more than expected in April…
Will corn prices go down: forecasts
Key points: Futures for December 2024 are now being compared to 2014, which had one of the sharpest declines in history. The average p…
Oil falls amid rising US inventories
Key points: Brent oil futures fell 0.69%, WTI futures fell 0.68%. US crude oil inventories rose by 509,000 barrels. Analysts believe O…