Oil prices are up and stocks are down, as investors fear a potential wider regional conflict.
Category: Commodities
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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.
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Oil Companies Wanted Trump to Lower Costs. Tariffs Are Raising Them.
The cost of steel pipe used to line oil and gas wells rose after President Trump said he would impose tariffs on steel and aluminum imports.
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Oil Companies Embrace Trump, but Not ‘Drill, Baby, Drill’
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless prices rose significantly.
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Will Billions More in New Aid Save Family Farms?
The Biden administration aims to better support small farmers while still aiding big operations and rewarding climate-friendly practices. It’s a tall order.
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Why Your Chocolate Fix Is About to Get More Expensive
Cocoa prices are going nuts, after a crop failure in West Africa was followed by a rush of investor speculation.
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Why Your Chocolate Fix Is About to Get More Expensive
Cocoa prices are going nuts, after a crop failure in West Africa was followed by a rush of investor speculation.
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China Is Buying Gold, Sending Prices to Record Highs
The global price of gold has reached its highest levels as Chinese investors and consumers, wary of real estate and stocks, buy the metal at a record pace.
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Gold Bar Sales Are Surging at Costco. Why?
Costco may be selling up to $200 million worth of the bars each month, according to a Wells Fargo analysis. The bars sell out quickly, and customers are trading advice online about how to get them.