Commodities

The Biden administration on Monday challenged a federal judge’s decision in June to block the Interior Department’s pause on oil and gas leasing on public lands and waters - a critical piece of its climate change policy - but will proceed with leasing during the appeals process.

Gasoline prices in the U.S. hold near seven-year highs as the summer driving season nears an end.

Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply as surging COVID-19 cases worldwide forced governments to revive movement restrictions.

Two former Bank of America Corp. traders were convicted Wednesday of rigging precious-metals prices by using an aggressive tactic known as spoofing, the latest win for prosecutors in a yearslong effort to crack down on the practice.

The Nord Stream 2 natural gas pipeline is a global political football carrying big risks for the United States.

Kerry Kraker, 56, has worked in kitchens all his life. Since March he's spent around $100 a week - half his spare cash – on silver coins. He's part of a growing social media movement who say they are buying bars and coins for protection from a coming age of inflation.

Homebuilders are not out of the woods just yet despite lumber prices plunging off historic highs and into negative territory for the year.

Gold investors are taking the wheel, setting the precious metal up for a major rally as investors realize the Federal Reserve is powerless against rising and persistent inflation, according to one strategist.

Oil prices surged to their highest level in over six years Tuesday after production talks broke down between OPEC and its allies.

Gold was hovering around an over two-month low on Wednesday as investors awaited U.S. jobs data for further clarity on the Federal Reserve's policy stance, with the precious metal heading for its worst monthly drop since November 2016.

Many commodities from copper to lumber have dropped from their peak pandemic prices, easing the most acute worries about an inflationary spiral. But investors remain bullish on many of them, arguing they still look cheap.

Brent crude oil could top $100 a barrel next year as the world emerges from the COVID-19 pandemic, according to Bank of America.

Copper is getting crushed in the worst week since March of 2020.

Federal Reserve Chairman Jerome Powell on Wednesday used the recent plunge in lumber prices as an example of why the central bank thinks the recent surge in inflation will be transitory.

Oil prices climbed to their highest level in more than two years Monday amid more evidence of increasing demand as the global economy reopens from COVID-19 lockdowns.

Oil has clocked its third consecutive week of gains and analysts say there is more room to run.

West Texas Intermediate crude oil hit $70 a barrel for the first time in two and a half years as traders balanced the reopening of the global economy and OPEC’s recent decision on production.

EXCLUSIVE: New York Stock Exchange Senior Market Strategist Michael Reinking said the May jobs report gave Wall Street a "sigh of relief" Friday, as the market rallied just below all-time highs following the U.S. economy reporting 559,000 jobs in May—missing expectations—and a decline in the unemployment rate.

Gold prices rose on Monday and were headed for their best monthly jump since July 2020, boosted by a weaker U.S. dollar and lower bond yields, while growing inflationary pressure also lifted demand for the safe-haven metal as a hedge.

The White House on Friday moved to quell concerns of gasoline prices on Memorial Day Weekend surging above $3 per gallon for the first time in seven years.