The oil and gas industry in the United States has hit a significant speed bump, as evidenced by a substantial drop in the weekly oil and gas rig count, an early sign of future output. According to a report by Baker Hughes, a leading energy services company, the number of operational rigs fell by seven … Read more
Soybean and palm oil prices have continued to rise, despite lower oil prices, as traders anticipate increased imports by China and India. In the context of the US Fed’s interest rate increase to 5-5.25% and an expected recession in the US economy, traders have turned to agricultural assets as a more attractive investment. This article … Read more
Fed’s Interest Rate Hike Plans Impact Commodity Markets The US Federal Reserve’s plan to raise interest rates by 25 basis points above 5% to curb inflation is causing a ripple effect in stock and commodity markets, decreasing speculative demand and prices for oil and other commodities like grains and oilseeds. The move to increase interest … Read more