1023 days ago
Brent Oil rises toward $75 as the market tightens up
The global benchmark Brent closed on $75 a barrel yesterday as industry data pointed out a substantial draw in U.S. crude stockpile and the markets expects higher prices.
1024 days ago
US gasoline prices keep climbing, now above pre-covid levels
US gasoline prices are at their highest level since 2014, according to AAA News. This can potentially be explained by a shock between supply and demand, where there are too few oil barrels to supply the many cars that are back on the road.
1024 days ago
The Beyond Meat shares hit a one-year low
Beyond Meat shares were down 5% yesterday, after having experienced a tougher than expected competition and too slow progresses. The company also reported a net loss of 42 cents a share in the first quarter, twice the loss expected by the consensus. Is this a bad sign for the company or a buy opportunity?
1024 days ago
Lumber took a beating yesterday
In the end, the best cure for high prices, are high prices. Lumber futures fell under the symbolic $1,000 mark, down from their all-high above $1,600 in May.
1024 days ago
Copper hitting a 7-week low--China seeking to tamper down rising copper prices.
''Copper futures decreased to $4.4 per pound on Tuesday, the lowest in more than seven weeks, as China is set to take measures to curb any further rise in commodity prices. The Chinese authorities have been signaling the crackdown on speculation in commodity markets already for some time. Meanwhile, it was reported that China's state reserves administration plans to sell its reserves of copper, aluminum, and zinc until the end of 2021. Still, copper prices remain close to an all-time high of almost $4.9 per pound seen in the second week of May, as trillions in dollars of economic stimulus to support post-COVID recovery including funds for infrastructure and for transition to a carbon-free world, boosted demand. At the same time, lack of investment by big mining companies and a slowdown in production during the height of the covid outbreak last spring brought inventories to levels not seen in fifteen years.''
