Sun, September 25, 2022

Commodities

Putin Mobilizes More Soldiers, Oil Prices Surge

Oil prices rose more than 2 percent on Wednesday after Russian President Vladimir Putin announced a partial military mobilization that escalated Ukraine’s civil war and raised concerns about falling oil and gas supplies. After losing $1.38 the day before, Brent oil futures increased $2.28, or 2.5%, to $92.90 a barrel at 0707 GMT. U.S. West …

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Oil

Oil Declines Following Disappointing Chinese Data

Brent crude futures dropped $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% weaker on Friday. U.S. WTI crude fell $3.32, or 3.61%, at $88.77, following a 2.4% drop in the prior session. China’s economy unexpectedly stalled in July. Meanwhile, according to government data, refinery production fell to 12.53M BPD, its …

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commodity trading

Commodity Market Overview: Will Oil Prices Keep Surging?

Commodities tumbled from record highs as investors reversed bullish bets on everything from corn to copper to oil amid recent signs of recession fears sweeping financial markets. Brent crude fell below $100 a barrel on Thursday for the first time since April, 29% below its recent high. Other markets were also hit hard, with the …

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