Commodities

Energy Secretary Dan Brouillette plans to work with Congress to expand the Strategic Petroleum Reserve.

Negative oil will be short-term said Trump.

West Texas Intermediate crude oil was on track to close at its lowest level on record as storage nears capacity.

Oil falling to levels not seen since 1999

Earnings from IBM and Netflix will be in focus this week.

The sharp economic contraction is a preview of things to come for the rest of the developed world, including the United States, as the COVID-19 pandemic originated in China, impacting its economy first.

OPEC says crude oil demand will fall by 6.9 million barrels per day due to the COVID-19 pandemic.

“What gold is telling you is that down the road, past June, they're looking for inflation,” says George Gero, managing director at RBC Global Wealth Management.

Weekly crude oil inventories rose by 19.2 million barrels, the most on record.

The historic oil production deal will remove 20 million barrels a day, more than double the 9.7 million that is being reported.

OPEC's historic production cut has failed to impress

Total U.S. dairy demand has fallen by 12 percent to 15 percent since the COVID-19 outbreak, according to the Dairy Farmers of America.

The world's largest oil producers agreed to a historic production cut of almost 10 million barrels per day.

WTI crude oil fell after the historic agreement.

The apparent end to Mexico’s standoff would potentially cement a deal between OPEC producers and their allies that would reduce global crude oil output by 10 million barrels a day until July.

President Trump plays intermediary as oil deal fails to come together.

A lending program that the Fed announced Thursday is one of several measures the central bank has taken in recent weeks to protect the economy from a virtual shutdown ordered to help limit the spread of the viral disease.

WTI crude had plunged 60 percent from its Jan. 6 peak through Wednesday as the price war between Russia and Saudi Arabia exacerbated a supply glut while the COVID-19 pandemic crushed demand.

Global commodities trader Cargill Inc starting this spring will pay American farmers for capturing carbon in their field soils and cutting fertilizer runoff.

OPEC's emergency meeting will take coronavirus and a price war into account as ministers weigh action.