Crude Oil Jun 24 (CL=F)
- Yahoo Finance Video
Oil prices rise as crude inventories fall, inflation eases
Oil (BZ=F, CL=F) is on the rise as US crude stockpiles begin to decline, showing signs of increased demand. In addition, notably, natural gas prices (NG=F) have risen over 50% within the past two months, also showing signs of increased demand. Yahoo Finance Reporter Ines Ferré joins Market Domination Overtime to break down the latest developments for oil and natural gas prices. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
- Yahoo Finance
Gas prices expected to jump this summer on refinery constraints
Gas prices are expected to rise this summer amid higher refining costs and capacity constraints.
- Yahoo Finance Video
Copper, gold, oil react to April CPI: Commodities check
Copper futures (HG=F) are in the midst of a short squeeze, making record gains over the past several trading days. Although, copper prices are beginning to slide Wednesday morning. The shortage has caused the precious metal to be rerouted from other regions to the US. Crude oil prices (BZ=F, CL=F) tick down as the International Energy Agency (IEA) lowered its demand growth forecast for this year, citing weaker gas-oil consumption. Lastly, gold (GC=F) has surged after the release of April's CPI data this morning, revealing inflation to have come in-line with annual expectations and giving credence to the theory that the Federal Reserve may move towards cutting interest rates. Yahoo Finance Senior Markets Reporter Jared Blikre joins Morning Brief to break down the latest numbers for these commodities. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
