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Commodities News
China’s Xi sees bigger role for joint development of offshore oil, gas with Philippines
SHANGHAI (Reuters) - Chinese President Xi Jinping said China and the Philippines could take a "bigger step" in the joint development of oil…
Spread between seaborne, port iron ore prices widens on shipment surge
BEIJING (Reuters) - The spread between seaborne iron ore heading to China and iron ore at China's ports has widened to the highest in at…
U.S. home sales rise, boosted by lower mortgage rates
By Jason LangeWASHINGTON (Reuters) - U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor…
Oil prices slip, but supported by hopes trade tensions could ease
By Jessica JaganathanSINGAPORE (Reuters) - Crude oil prices slipped on Tuesday, but losses were limited as equity markets rallied and as…
Oil rises after Saudi oilfield attack, but recession worries cap gains
By Jessica JaganathanSINGAPORE (Reuters) - Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni…
Oil prices extend losses as recession fears, inventories mount
TOKYO (Reuters) - Oil prices fell on Thursday to extend sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of…
Oil prices drop as data shows surprise climb in U.S. inventories
TOKYO (Reuters) - Oil prices fell on Wednesday after industry data showed U.S. crude inventories unexpectedly rose last week, erasing some…
Oil prices edge down as traders weigh slowing demand against supply curbs
By Roslan KhasawnehSINGAPORE (Reuters) - Oil prices edged lower on Tuesday, offsetting narrow gains in the previous session, on the…
U.S. oil drillers cut rigs for sixth week in a row: Baker Hughes
By Scott DiSavino(Reuters) - U.S. energy firms this week reduced the number of oil rigs operating for a sixth week in a row as producers…
Oil prices rise on expectations of more OPEC output cuts
By Jane ChungSEOUL (Reuters) - Oil prices rose on Friday, supported by expectations of more production cuts by OPEC amid fears the…