Archives

By Commodity News Service Canada WINNIPEG, March 18 – The following is a glance at the news moving markets globally. CRUDE OIL PRICES EXTEND FOUR-WEEK RALLY Crude oil prices were set for a four-week rally in early activity on Friday, propped up by seasonal demand and a weaker US dollar. Prices have more than doubled […] Read more

By Commodity News Service Canada WINNIPEG, March 17 – The following is a glance at the news moving markets globally. US FEDERAL RESERVE CUTS BACK ON RATE HIKES The US Federal Reserve scaled back on the number interest rate increases it will be introducing over the next nine months. The Fed cut the rate forecast […] Read more

By Commodity News Service Canada WINNIPEG, March 16 – The following is a glance at the news moving markets globally. US CONSUMER PRICE INDEX INCREASES IN FEBRUARY America’s consumer price index—not including food and energy components—increased 0.3 per cent in February. The upward trend of rent and medical costs contributed to the increase. Inflation also […] Read more

By Commodity News Service Canada WINNIPEG, March 15 – The following is a glance at the news moving markets globally. INDIA’S MERCHANDISE EXPORTS DOWN, AGAIN India’s merchandise exports declined for the 15th month in a row in February. Exports fell 5.66 per cent compared with a year ago, according to reports on Tuesday. Weak demand […] Read more

By Commodity News Service Canada WINNIPEG, March 14 – The following is a glance at the news moving markets globally. IRAN NOT EXPECTED TO JOIN CRUDE FREEZE Crude oil futures fell Monday morning, as Iran stifled investor optimism for a crude output freeze meeting later in the spring. Iran said the country would only join […] Read more

By Commodity News Service Canada WINNIPEG, March 11 – The following is a glance at the news moving markets globally. US IMPORT PRICES FALL FOR EIGHTH MONTH US import prices fell for the eighth straight month in February as weaker petroleum prices weighed. But analysts say declining import prices are slowing as the US dollar’s […] Read more

By Commodity News Service Canada WINNIPEG, March 10 – The following is a glance at the news moving markets globally. EUROPEAN CENTRAL BANK TAKES ACTION The European Central Bank (ECB) cut all three of its interest rates on Thursday, and introduced increases to its asset buying program, according to reports. The euro fell about one […] Read more

By Commodity News Service Canada WINNIPEG, March 9 – The following is a glance at the news moving markets globally. CRUDE OIL FUTURES RISE ON ANTICIPATED OUTPUT MEETING Crude oil futures were propped up on Wednesday in anticipation of a producer meeting later this month. Representatives from OPEC (Organization of the Petroleum Exporting Countries) and […] Read more

By Commodity News Service Canada WINNIPEG, March 8 – The following is a glance at the news moving markets globally. CRUDE OIL CLIMBING Brent crude oil prices in England hit their highest levels in three months on March 8, as expectations mount that major producers may be working towards a coordinated approach to capping production. […] Read more

By Commodity News Service Canada WINNIPEG, March 7 – The following is a glance at the news moving markets globally. JAPAN’S CENTRAL BANK EXPECTED TO CUT FORECAST IN SPRING The Bank of Japan is expected to lower its economic forecasts for the next fiscal year at a quarterly review in April. Analysts say flopped stimulus […] Read more