Commodities & Futures

Oil Down, Reverses Earlier Uptick as China Aims to Soften Power Shortage

Commodities7 minutes ago (Oct 20, 2021 01:27AM ET) (C) Reuters. By Gina Lee Investing.com - Oil was down Wednesday morning in Asia, reversing its earlier upward trend. The Chinese government also indicated that it was searching for ways to curb coal prices that are at record highs, as well as to ensure coal mines operate at full capacity to alleviate a power shortage. Brent oil futures fell...

Big fossil fuel producers’ plans far exceed climate targets, U.N. says

Commodities13 minutes ago (Oct 20, 2021 12:20AM ET) (C) Reuters. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson - S1AETIZMOIAB/File Photo By Nina Chestney LONDON (Reuters) - Major economies will produce more than double the amount of coal, oil and...

Oil drops on China intervention to ease coal crunch

Commodities33 minutes ago (Oct 19, 2021 11:01PM ET) (C) Reuters. FILE PHOTO: A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. REUTERS/Max Rossi By Sonali Paul MELBOURNE (Reuters) - Oil prices turned down after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity...

Gold Steadies as Investors Weigh Prospects of Stimulus Pullback

Commodities26 minutes ago (Oct 19, 2021 10:09PM ET) (C) Reuters. Gold Steadies as Investors Weigh Prospects of Stimulus Pullback (Bloomberg) -- Gold steadied as investors waited for comments from Federal Reserve officials this week which could provide insight into the prospects of tighter monetary policy. Bullion has fluctuated recently as markets assess the possibility of earlier-than-expected tightening to contain inflationary pressures. Upcoming speeches and discussions by officials...

Oil Holds Near 7-Year High as Report Points to Rising Stockpiles

Commodities1 hour ago (Oct 19, 2021 08:09PM ET) (C) Reuters. Oil Holds Near 7-Year High as Report Points to Rising Stockpiles (Bloomberg) -- Oil held near the highest level in seven years after an industry report pointed to another increase in U.S. crude stockpiles. Futures in New York were steady near $83 a barrel in early Asian trading after advancing more than 3% over the past four...

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