On Oil: Prices Jump to Three-Week High on Talk of Extending Production Cuts Oil prices jumped to a three-week high on May 15. U.S. crude futures rose to $48.85 a barrel on the New York Mercantile Exchange and Brent rose to $51.82 a barrel on ICE Futures Europe. The move capped a four-day streak of… Continue reading

China: Commodities Slump Weighs on Stocks, PMIs Losing Momentum A slump in Chinese metals prices and weakness in crude oil sent equity markets across the region lower. Oil price tumbled 3% from Thursday’s settlement in New York while trading sentiment was already weak amid fears that Beijing’s crackdown on speculation and borrowing could hurt metals… Continue reading