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1036 days ago

Oil prices surpass $69 on fourth day of rising prices this week

Oil price rise extends to two year high not seen since 2018. This comes amid signs of recovery in demand in the US, Europe and China--vaccines allowing for more mobility enables further growth. Supply side: OPEC agrees to lower supply through July (price up).

#Commodities

1036 days ago

Gold falls from five-month high as investors wait on Fed

Traders should point their attention to a strengthening USD, and Friday's US nonfarm payrolls report for May for more clues on the strength of the labor market and whether growth might spur inflation that could prompt governments and central banks to lighten stimulus. Investors are shifting their focus to inflation from potential tapering risks. The Fed views inflation as transitory which has helped gold prices move northwards. 

#Commodities #Macro

1037 days ago

Eating meat remains a norm throughout the world

An average of 86% of the surveyed people from 39 different countries said that their diet contained meat. While we may come to think that meat substitutes are gaining ground, most people still have meat in their diet. The lowest average was India with 43% and the second lowest was China... with 75%!

#Commodities #Macro
Eating meat remains a norm throughout the world

1037 days ago

Emissions are dropping in the cement industry

These three companies were all above 700kg CO2 per tonne, and should all manage to get under the 600 mark by 2030. HeidelbergCement plany to capiutre 1.8m tonnes of CO2 annualy to cut their emissions.

#Commodities
Emissions are dropping in the cement industry

1037 days ago

Lumber spiked up, but is is down 19.6% in the past month

Is the great lumber rush over? It seems that such high lumber prices are not here to stay anyways.

#Commodities
Lumber spiked up, but is is down 19.6% in the past month
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