Quick Look: WTI crude is up by 0.3% to $85.43, and Brent crude is up by 0.5% to $89.35 amid global tensions. May gasoline + +0.1%, heating oil + +0.8%, natural gas + +1.1%. Crude inventory +3.2M barrels; gasoline inventory -4.3M barrels. Tehran vows retaliation; Ukrainian attacks impact Russian refining. In the latest commodities market …
Gasoline Prices Up 0.5%: Geopolitical Tensions Stir Markets Read More »
Quick Look: Cocoa prices have skyrocketed, doubling in early 2024 and tripling over the past year. Major chocolate companies face stock declines and increased production costs, pushing chocolate to become a luxury commodity. Financial analysts highlight the negative impact on companies like Hershey, with consumer behaviour shifting due to rising prices. In an unprecedented shift …
Cocoa Prices Triple: Hedge Funds Face Record Exposure Read More »
Quick Look: Green premiums are rising, with a 5% premium for low or zero carbon emissions aluminium products. Middle-Eastern aluminium commands a 2% green premium, indicating shifting market dynamics. New Zealand is seeing significant interest in its almost zero-carbon product to capture up to 20% of the market. Growing demand and tightening supply conditions are …
Aluminium’s Green Revolution: 5% Premiums Lead Change Read More »
Quick Look: Gold (XAU) scores record high as prices soared unprecedentedly on Monday. U.S.-China economic health and Fed rate cut probabilities shape gold prices. Bullish sentiment persists, but potential correction looms, influenced by central bank actions and inflation data. Gold’s allure has intensified, capturing the attention of investors worldwide as it reached new record highs …
Gold Hits Record $2,265 Amid Fed Cut Speculation Read More »
Quick Look: WTI Crude Oil (CM: CL) finished $1.82 higher, closing at $83.17 per barrel. Q4 GDP Growth in the U.S. revised upward to 3.4%; Initial Jobless Claims beat expectations. Brent Crude could approach $90 per barrel, considering current factors and China’s demand resurgence. The financial ecosystem, reflecting a tapestry of interconnected indicators has recently …
WTI Crude Hits $83.17, Brent Eyes $90 Amid Rising Demand Read More »
Quick Look: Atlas Lithium signs investment and offtake agreements with Mitsui. Mitsui invests $30 million in Atlas Lithium, enhancing the Neves Project’s progress. The partnership aims to make Atlas a pivotal lithium supplier for global EV batteries. Atlas Lithium Corporation (NASDAQ: ATLX) has sealed a pivotal investment and offtake agreement with Mitsui & Co., Ltd. …
$30M Mitsui Boost for Atlas Lithium’s Neves Project Read More »
Quick Look: The coffee market consolidates amid regulations, environmental worries, and supply uncertainties, reflecting recent price declines. EU rules target deforestation, affecting coffee imports, prompting potential circumvention, signaling trading sustainability shifts. Droughts in Vietnam and Brazil hinder production, despite Brazil’s rise, affecting global coffee supply. Bullish patterns hint at price rebound during consolidation, while legislation …
EU Rules And Drought Drop Coffee to $188, Down 7.7% Read More »
Quick Look: The Canola market sees a notable shift in trader activity based on the mid-March report. Managed money net short position in oil futures drops, indicating changing sentiment. Canola market’s open interest increases, signalling more engagement and optimism. Prices spike mid-March due to short covering and bullish signals; overbought conditions emerge. The Canola market …
Quick Look: Efforts to phase out coal failed; last year, its output hit a record despite attempts to consign it to history. Benchmark Newcastle futures are trading at just under $130 a ton. By 2026, China and India will account for more than 70% of consumption. Fossil fuel executives argue for the reliability and cost …
Coal’s Tenacity: Record Output and $130/Ton Prices Read More »
Quick Look: Iberdrola and Amazon expanded their clean power partnership with a significant renewable energy agreement. Amazon commits to procuring 159 megawatts (M.W.), bolstering its goal of achieving 100% renewable energy by 2025. Digital partnership enhancements include advancements in cloud computing, artificial intelligence, and smart grid technologies. Iberdrola and Amazon have announced the expansion of …
Iberdrola and Amazon’s Clean Power Deal on Wind Energy Read More »
Quick Look: Corn trading sees gains, closing near daily highs with rising export inspections. Brazil’s corn harvest progresses well, with second crop planting nearly complete. Ukraine’s grain shipments experience a dip, reflecting geopolitical tensions and logistical challenges. In the latest trading session, corn markets experienced notable gains, underscoring a period of resilience and optimism among …
Quick Look Today’s opening price for palladium is $1,058.88 per ounce, marking a 4.11% decline from the previous day. The price has fallen 3.70% since the beginning of the year, reaching a 52-week low of $854.70 on February 13, 2024. Palladium’s peak in March 2022 reached $3,440 per ounce, influenced by geopolitical tensions. Palladium prices …
Palladium Dips to $1,058.88: 4.11% Overnight Drop Read More »
Quick Look Cocoa prices surged to a record high of $8,100 per tonne, a 225% gain from the previous year. Global demand for cacao, particularly during the holiday season, has strengthened significantly, contributing to the trend in cocoa prices. Cocoa prices jumped over 25% in a week in the first quarter of 2024, setting a …
Quick Look Copper prices exceeded $9,000 a ton, reaching an 11-month peak. A weekly surge was observed at 5.5%, highlighting a significant market movement. Supply challenges, including mine closures and output worries, increase prices. Citi predicts more upside for copper, citing demand improvements and market dynamics. Risks include market volatility and the uncertain pace of …
Copper Hits $9,000: 5.5% Weekly Surge Amidst Supply Woes Read More »
Quick Look Minor downtrends in canola prices were observed across several future contracts during Wednesday’s session. The market highlighted its liquidity with over 60,000 contracts traded Positive influences include global oil price rises, countered by pressures from lower soymeal and European rapeseed prices. The year-over-year increase in canola crush statistics points to growing production. Adjustments …
Canola Market Dynamics: 60,000+ Contracts Traded Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
