U.S. natural gas futures edged up about 1% on Tuesday on a preliminary drop in daily
output and forecasts for hotter weather over the next two weeks that will prompt power generators to burn more
gas ...
Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of years, but it is fast losing its luster. Crude oil, industrial metals and a range of agricultural commodities are down significantly from their peaks earlier this year - in some cases by up to 50% - as rising interest rates increase the likelihood of U.S. and global recession.
The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the polluting fuel has been upended by Russia's invasion of Ukraine.
Mexico's state-owned oil company Pemex substantially increased crude oil exports to the North American market in May, according to the firm's most recent report, which shows a significant cut in shipments to Europe and Asia. Pemex said its crude exports averaged 965,000 barrels per day in May, and some 740,000 bpd went to "America," which accounts mainly for the United States.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required