Commodities

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.

Many U.S. energy companies are fighting to stay afloat after an imbalance between oil supply and demand slashed 44 percent from the S&P 500 energy sector’s market value.

Russia and Saudi Arabia are set to hold a virtual meeting to discuss production cuts that President Trump has suggested could total 10 million barrels per day.

Barrick has navigated 2 Ebola outbreaks, tuberculosis and the chicken pox in recent years.

Oil prices plunged Tuesday amid growing concerns about further supply and demand imbalances.

The gold mining industry has 14 so-called tier-one assets and Barrick already has six of them, including three in Nevada, two in Africa and one in the Dominican Republic.

Oil prices pulled back as a virtual meeting between OPEC and its allies was postponed until April 9.

Oil prices surged on word OPEC and its allies will hold a virtual meeting on Monday.

President Trump said he wants Saudi Arabia, Russia to cut oil production by 10 million barrels per day.

The president said Russian and Saudi leaders "know what to do to solve" the oil price war.

The COVID-19 pandemic has decimated oil demand.

WTI futures for May delivery fell 6.6 percent to $19.92 a barrel.

Crude oil prices crashed into a bear market this year after Russia refused to join Saudi Arabia and other OPEC members in cutting production to trim a supply glut due to demand destruction from the COVID-19 pandemic.

The VanEck Vectors Gold Miners Exchange-Traded Fund has fallen 10.14 percent in 2020, significantly lagging the 7.4 percent gain in the price of gold.

Gold will benefit from the Fed's open-ended asset purchases and the government's massive stimulus plan, Peter Schiff says.

The national average price of gas could drop as low as $1.50 according to Phil Flynn of the Price Futures Group.