Oil
Wheat up 4.3 percent from U.S. crop fears and Australian planting cutsÂ
Organization says higher energy prices will reduce demand offset investment technology, lower effective rates
Agriculture Secretary hails move as step toward American Energy Dominance supporting domestic biofuel demand
State reserves drawdown equals 30 days of demand roughly 8.5 million kiloliters scheduled through April end
Birol noted the IEA is actively consulting with governments across Europe and Asia regarding release of additional stockpilesÂ
Lagarde stated that a moderate overshoot of the inflation target could justify measured tighteningÂ
New price caps save chinese drivers hundreds of dollars per tonne
Plan designed to finance subsidies aiming to curb gasoline pricesÂ
Cooling labor market could bring earlier Fed cuts, Goldman warns
The U.S. Gulf of Mexico accounts for around 15 percent of total domestic oil production and 2 percent of natural gas production
Russia's oil exports to Asia-Pacific region grew 1.5-fold and already exceeded 60 percent
New Permian wells delivering high output at 433,000 barrels per day
Fed rate cut likely as inflation continues to decline
This procurement is part of a series of contracts aimed at refilling the nation's emergency oil stockpile
The IEA has forecast an oil demand growth of 970,000 barrels per day (bpd) in 2024
Gasoline product supplied last week was 8.9 million bpd, up slightly from the previous week
OPEC projects demand for crude to reach 43.2 million barrels per day in 2024
Earnings to increase in the next two quarters as demand picks up during the summer driving season
IMF projects a GDP growth rate of 3.2 percent for Russia
The unexpected decrease in U.S. inventories, as indicated by industry data, provided some support to crude prices
Investors fueled the increase as they continued to assess geopolitical concerns in the Middle East
The exports are primarily driven by sales from bonded storage for vessels operating on international routes
Brent crude futures declined to $86.62 per barrel, WTI crude futures dropping to $82.51 per barrel
