Commodities

The plant has the ability to process 19,500 hogs per day

Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether or not they would wade into global oil politics for the first time in 50 years as crude prices crater to historic lows.

Oil prices have doubled as production cuts kick in and demand is slowly coming back.

Newmont Corp. earned $837 million in the first quarter as gold prices surged.

Marathon Petroleum Corp. reported a more than $9 billion loss in the first quarter as the company logged over $12 billion in noncash impairments.

Oil prices rallied Monday as production cuts took hold and states pressed ahead with reopening their economies.

The month of May begins what can be a ho-hum period for stocks.

Shell said it would reduce its quarterly dividend by two-thirds to 16 cents per share

CME Group says negative oil prices were the result of “oversupply, reduced demand and increasingly full U.S. storage.”

Oil prices got a boost as American Petroleum Institute data showed a smaller-than-expected inventory build while trials of a coronavirus treatemnt yielded promising data.

Starbucks, Ford, Google set to report results Tuesday after the bell.

'Stay-at-home' orders issued by governments worldwide to slow the spread of COVID-19 have gutted global crude demand.

West Texas Intermediate crude oil plunged Monday as bloated supplies have storage capacity nearing its limit.

3M, Apple and Amazon will dominate the week's earnings.

The Houston-based contract driller said it sought chapter 11 protection after the downturn in the offshore-drilling industry "worsened precipitously" because of the oil-price war between the OPEC countries and Russia along with the COVID-19 pandemic.

The company said it plans to cut $800 million, or about 30%, of its planned capital expenditures for the year.

Continental Resources has reportedly stopped most production in the Bakken shale field.

The oil market has come under siege this year as ballooning supplies exacerbated by the price war between Russia and Saudi Arabia hit the market at the same time that government responses to COVID-19 has destroyed demand.

Even with a Trump-brokered deal, oil prices have slumped to historic lows.

Gold will climb 74 percent over the next 18 months, Bank of America predicts.