Oil prices tumbled Friday, as uncertainty gripped the market over the potential impact of Hurricane Irma as it approached the U.S.
Copper prices posted for their largest one-day decline in four weeks Friday after data showed Chinese copper imports were flat in August from the previous month.
The number of rigs drilling for oil in the U.S. fell by three in the past week to 756, according to oil-field services company Baker Hughes, a unit of General Electric.
Florida gasoline stations are rapidly running out of fuel as drivers try to flee before a possible onslaught by Hurricane Irma.
A small crop in California coincided with a tough season in Mexico to drive wholesale prices to around $80 a case, which is threatening the bottom line at restaurants as they try to meet rising demand for the fruit.
As gasoline prices at the pump hit a fresh two-year high, the futures market signaled the supply crunch for fuel created by Hurricane Harvey will soon ease.
Traders were bracing for another hurricane to hit the U.S., sending insurance stocks lower and driving up the price of orange-juice futures.
Fuel prices at the pump hit a two-year high after the owner of the largest pipeline in the U.S. reported that shipments are being sharply curtailed.
Banks have cut their forecasts on oil prices for a fourth consecutive month as their analysts brace for further supply when OPEC’s agreement to cap output ends next year.
Copper has led the way in the current metals rally, gaining 20% this summer, but an increasing number of analysts are predicting a correction, and soon.
As Tropical Storm Harvey continues to run roughshod over U.S. refineries, threatening fuel shortages across America, gasoline producers in Europe are sizing up a potential windfall.
A topsy-turvy August has reached its end. The Nasdaq rallied, extending a record streak that was earlier in jeopardy. Volatility re-emerged, and the energy sector’s slump deepened as Harvey dealt the Gulf Coast a heavy blow.
Tropical Storm Harvey’s crippling of Gulf Coast refineries, ports and pipelines is being felt across the country and even globally, a result of a U.S. energy boom that has made the country and the world increasingly reliant on Texas.
Emerging nations in Asia are turning to imports of liquefied natural gas to offset dwindling domestic supplies, bolstering LNG trade in the region as demand from bigger markets eases.
Saudi Arabia and Russia are pushing to extend their deal to limit crude oil production for another three months, which would leave the output deal between OPEC and non-OPEC producers in place through the end of June, people familiar with the matter said.
Signs of incremental progress on steel overcapacity are pushing Chinese steel margins higher for the first time in nearly a decade. U.S. Steel and other western steel firms could benefit.
China’s reemergence as a coal importer has boosted the fortunes of U.S. producers who are now shipping more coal abroad than any time in the last two years.
Rare one-week waiver aimed at helping speed fuel to areas cut off from deliveries.
Goldman Sachs Group’s commodities head Greg Agran will leave the firm following a slump in the division, which trades oil, gold and other goods.
Hurricane Irma’s destructive path through the Caribbean is exacerbating financial crises in Puerto Rico and the U.S. Virgin Islands.