Investors are ramping up wagers that the Biden administration's focus on economic stimulus and electric vehicles will turbocharge a monthslong climb in copper and other industrial metals. Even though they slid alongside other commodities Friday, most actively traded copper futures are still up more than 2% so far in 2021 and near their highest level since early in 2013. They have been lifted by buoyant demand from China and wagers that an improving global economy will...
Front Month Nymex Crude for Feb. delivery gained 66 cents per barrel, or 1.25% to $53.57 today. --Up 12 of the past 15 sessions. --Highest settlement value since Thursday, Feb. 20, 2020.
Front Month Nymex Crude for Feb. delivery lost 30 cents per barrel, or 0.56% to $52.91 today. --Largest one day dollar and percentage decline since Monday, Jan. 4, 2021. --Snaps a six session winning streak.
U.S. inventories of crude oil fell more than expected last week, but gasoline stockpiles notched another large increase, according to weekly data released Wednesday by the Energy Information Administration. Benchmark U.S. oil prices erased moderate declines to turn slightly higher after the report, which was bullish for crude but bearish for processed fuels. The Nymex front-month crude contract for February delivery was recently up 0.3% at $53.38 a barrel.
Front Month Nymex Crude for Feb. delivery gained 96 cents per barrel, or 1.84% to $53.21 today. --Up for six consecutive sessions. --Up $5.59 or 11.74% over the last six sessions.
Front Month Nymex Crude for Feb. delivery gained 0.01 cent per barrel, or 0.02% to $52.25 today. --Up for five consecutive sessions. --Highest settlement value since Feb. 21, 2020, when it settlementd at $53.38.
Front Month Nymex Crude for Feb. delivery gained $3.72 per barrel, or 7.67% to $52.24 this week. --Largest one week gain since the week ending Sept. 18, 2020. --Largest one week percentage gain since the week ending Nov. 27, 2020.
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