Futures and Commodities
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Oil Prices Crash as Saudi-Russia Output Deal Falters
Oil prices have tumbled into negative territory as Russia and Saudi Arabia have yet to announce a production-cut agreement has been reached. Brent crude oil, the international benchmark, fell 0.8
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Federal Reserve Stimulus Drives Gold Prices to 2012 High
Gold prices spiked Thursday after the Federal Reserve announced a $2.3 trillion lending program to cushion Main Street from disruptions caused by COVID-19. Gold futures for April delivery climbed 4.2
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Mexico Joins OPEC to Stabilize Oil Market: Output Cut Announced
Mexican President Andres Manuel Lopez Obrador said Friday that his country will cut its crude oil output by 100,000 barrels per day, joining OPEC and other producers in efforts to stabilize the market
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Oil Prices Decline After Saudi-Russia Production Agreement
The world’s biggest oil producers on Sunday agreed to historic production cuts, representing almost 10 percent of global supply, putting an end to a price war between Saudi Arabia and Russia. W
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Trump Facilitates Historic OPEC+ Oil Production Cut
President Trump played a key role in the historic agreement between the world’s largest oil producers that trims global production by nearly 10 percent, according to Energy Secretary Dan B
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COVID-19 Impact: Milk Prices Plummet Amidst Pandemic Disruptions
Milk prices are crashing as the COVID-19 pandemic chokes off most of the industry’s usual customers. Class III milk, used to make cheese and traded at CME Group, has plunged by 38 percent this
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Saudi Arabia Announces Historic Oil Production Cuts: 20 Million Barrels Daily
The historic oil output cuts agreed to by the world’s largest producers are bigger than what is being reported, according to Saudi Arabia’s energy minister. Prince Abdulaziz Bin Sal
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Oil Prices Plunge to 18-Year Low Amid Record Inventory Build
West Texas Intermediate crude oil fell to an 18-year low as U.S. inventories grew at a historic pace last week. The U.S. benchmark plunged by as much as 4.52 percent on Wednesday to
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Gold Rises as Dollar Weakens Amid COVID-19 Economic Response
Gold was trading just off seven-year highs Thursday as investors bet the precious metal's price would swell as the COVID-19 pandemic reshapes financial markets. Futures for June deliver
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Oil Prices Plummet to 18-Year Low Amidst Reduced Demand Forecast - OPEC
Oil prices hovered near their lowest level in 18 years after a monthly OPEC report projected global demand would fall by 6.9 million barrels per day amid the COVID-19 pandemic. West Texas Intermediate
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Oil Prices Crash to 18-Year Low Amid Weak China GDP
U.S. oil prices plunged Friday after China reported its gross domestic product shrank for the first time since recordkeeping began in 1992 as the economy was shut down to slow the spread of COVID
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Stock Market Update: Futures Decline Amid Oil Price Drop & Economic Reopening Hopes
U.S. stock futures are trading lower as oil falls to 1999 levels. Investors also await additional coronavirus updates as more cities consider opening businesses in various pha
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Crude Oil Plunges to Negative Territory: A Historic Market Crash
U.S. oil prices plummeted in historic fashion Monday, crashing below zero as traders unloaded positions ahead of the May contract's Tuesday expiration. West Texas Intermediate crude oil futures
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U.S. Strategic Petroleum Reserve to Be Filled with Record Low Oil Prices
The U.S. will take advantage of historically low oil prices to fill up its Strategic Petroluem Reserve, Energy Secretary Dan Brouillette said. “We've contracted now for approximately 43 mi
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Oil Price Crash: Historic Selloff Continues Amid Supply Glut
A historic selloff in the price of oil continued on Tuesday in the wake of a supply wave that has left the world awash with crude and running out of places to store it. West Texas Intermediate crude o
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Gas Prices Expected to Remain Low Following Coronavirus Impact
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Not only are gasoline prices cheaper than they've been in years, thanks in part to the coronavir
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CME Group Adapts Options Pricing for Potential Negative Oil Prices
CME Group is preparing for the possibility that crude oil prices could trade below zero for an extended period of time. The Chicago-based exchange operator will switch its options pricing and valuatio
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Gold Price Forecast: Bank of America Predicts $3,000/Ounce Surge Amid Economic Uncertainty
Unprecedented central bank and government actions taken to stem the economic devastation of the COVID-19 pandemic will send gold soaring to $3,000 an ounce, according to Bank of America. Governments a
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Oil Prices Surge Amid Middle East Tensions and Production Cuts
Oil prices surged for a second day Thursday as the market digests a flareup of tensions in the Middle East and looks ahead to production cuts from the world’s largest producers. West Texas Inte
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Diamond Offshore Drilling Files for Chapter 11 Bankruptcy Amid Oil Price Crash & Pandemic
Diamond Offshore Drilling Inc. filed for bankruptcy protection Sunday, as the plunge in oil prices and the downturn in business activity because of the coronavirus pandemic have sapped demand for
Futures and Commodities
- Oil Prices Surge Amid Middle East Tensions and Production Cuts
- Oil Prices Crash to 18-Year Low Amid Weak China GDP
- Barrel of Oil Equivalent (BOE): Definition & Significance
- Oil Prices Plunge to 18-Year Low Amid Record Inventory Build
- Spudding: Understanding the Initial Well Drilling Process in Oil & Gas
- Collectible Investments: A Guide to Value Appreciation
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Tech Innovations Fueling Entrepreneurial Growth in AfricaAccording to the 2018/2019 report from the Global Entrepreneurship Monitor, African countries such as Angola and Madagascar have some of the high...
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Understanding Wage Expense: Definition, Types & AccountingWage expense refers to the cost incurred by an organization to compensate employees and contractors for work performed over a specific time period. SummaryWage expense is a type of variable...
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Create a Living Will: A Step-by-Step Guide for End-of-Life CareWith a living will on file, you can gain some peace of mind about how youre treated in case of a medical emergency. Its an unfortunate aspect of our political discourse that sensitive issues l...
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Debit Card Preauthorization: What You Need to KnowA woman using her debit card on her computer. Before you can pay for something with a debit card, the store, website or other merchant may check with your bank to make sure your card is legit...