Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.
Category: Commodities
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Storm Poses Big Threats to Power Grids Across U.S.
Managers of electric grids say freezing temperatures and ice and snow could lead to power outages in many places, potentially leaving millions in the dark.
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Anglo American and Teck Resources to Merge, Forming a Copper Giant
The deal, billed as a merger of equals, comes amid a surge in demand for copper, a crucial component in technology, from data centers to electric vehicles.
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Chevron’s Boss Says the World Will Need Oil for a ‘Long, Long Time’
Mike Wirth, who has seen many booms and busts over the more than 40 years he has been with the energy giant, said that “when the world stops using oil and gas, we’ll stop looking for it.”
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Tariffs on Russia Could Hurt Wary U.S. Farmers
President Trump’s plan to impose a 100 percent tariff on Russian goods could raise the cost of urea, a key fertilizer in corn and other row crops.
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Tariffs on Russia Could Hurt Wary U.S. Farmers
President Trump’s plan to impose a 100 percent tariff on Russian goods could raise the cost of urea, a key fertilizer in corn and other row crops.
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Tariffs on Brazil Could Leave Coffee Drinkers With a Headache
Trump’s pledge to place a 50 percent tariff on all imports from the South American nation will drive up the prices of coffee — and orange juice.
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Oil Up, Global Stocks Down After Israel Strikes Iran
Oil prices are up and stocks are down, as investors fear a potential wider regional conflict.
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U.S. Oil Companies Are ‘Battening Down the Hatches’
The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
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U.S. Farmers Brace for Losses in New Trade War With China
China is the third-biggest buyer of U.S. agricultural products. Now that it has punched back with tariffs on American goods, farmers can expect to feel the pain.