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Tag Archives: Commodity

Crude oil prices skyrocketed following Houthis’ attack. 

Crude oil prices: The Red Sea attack WTI oil price on Monday. Crude oil prices rose more than 1% on Monday after Houthi movement launched an attack on a fuel tanker in the Red Sea. Commodities trader Trafigura released a statement on risk assessment on Saturday, noting possible oil supply disruption following the attack last […]

Written on January 29, 2024 at 11:43 am, by

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Highly Unpredictable Wheat Prices Lie Ahead 

Wheat futures prices languished near $6.30 per bushel in late December, poised to end 2023 roughly 15% lower year-over-year. Abundant global supplies from major producers like Russia and South America outweighed supply disruption risks stemming from the ongoing war in Ukraine. The latest USDA forecasts showed Russia’s 2023/2024 wheat crop could reach 90 million metric […]

Written on December 28, 2023 at 11:18 am, by

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