Cocoa prices have soared, challenging chocolate lovers as Valentine’s Day nears. Record temperatures add stress to agriculture, energy, and transport. The market highly anticipates the upcoming oil reports from OPEC and the IEA, which promise to provide insights into the future of the commodity sector. Key earnings from Barrick Gold Corp., Deere & Co., and […]
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Oil Prices Fall with US Economic Slowdown and OPEC’s Output Rise
On Thursday, oil prices fell, affected by US inflation data that hinted at a slowing economy potentially weakening oil demand, alongside a rise in OPEC’s oil production. Brent crude for April dropped slightly to $83.62 a barrel, and US crude decreased to $78.26 a barrel. The US PCE index for January met economist forecasts, suggesting […]
