Commodities

Tyson will pause work at the plant for two days

This occurs when the spot price is higher than the future price.

CME Group's trading pits will remain closed for at least three weeks after Illinois' stay-at-home order is lifted.

Contango occurs when investors are willing to pay more for a commodity in the future.

Holidays in Singapore, London and New York dampened trade, as rising concerns over demand recovery offset supply cuts.

Beijing is lagging in crop purchases it promised to make under a trade deal with the Trump administration.

Memorial Day weekend is the unofficial start of the usually lucrative summer travel season.

Hurricane season 2020 could be as severe as 2005 which included Katrina.

U.S. crude oil stockpiles for the week ended May 15 fell by 4.98 million barrels, according to the U.S. Energy Information Administration.

Oil prices rallied amid production cuts and a slow return of demand.

Ninety-eight exploration and production companies in Texas with $75.7 billion of debt filed for bankruptcy from 2015 through 2020.

Although some states have already kicked off re-openings, others have extended shutdowns, meaning the demand for fuel should remain at low levels.

Oil prices rallied after the U.S. Energy Information Administration said oil inventories fell for the first time in 16 weeks.

Saudi Arabia is a growing threat to grab oil-market share from Alaska.

Saudi Aramco plans to cut capital spending to between $25 billion and $30 billion in fiscal year 2020, down from $32.8 billion a year ago.

Oil prices slid after Saudi Arabia announced the state-owned Aramco would reduce production by an additional 1 million barrels per day.

The violence already has shuttered many small mines across the volatile north and the government also has tried to shut down other small-scale mines in the east so that they can’t be used by extremists to finance more attacks.

Before the coronavirus hit, America was the number one natural gas producer in the world.

Beijing's oil imports jumped 7.64% from March but remained below last year's levels.

The NYSE and CME are struggling with how to safely reopen exchange trading floors.