Commodities

Inflation surge pushes gold to five-month high

Gold prices have surged near their highest level in five months, a sign of growing unease that inflation will slow the economy and undercut the stock market’s steady run up.

White House snubbed by OPEC, exploring options

The White House is exploring its options after OPEC+, a group of the world’s largest energy producers, moved ahead with planned production increases, ignoring President Biden’s plea to pump out more oil.

Oil prices fall as data shows big build in US inventory

Oil prices fell on Wednesday as industry data pointed to a big build in crude oil and distillate stocks in the United States, the world's largest oil consumer, and as pressure mounted on OPEC to increase supply.