Investing - Page 7

Brazil’s agricultural exports stood at US$ 8.8 billion in October, up 10% compared to the same month a year ago, according to an analysis by the Confederation of Agriculture and Livestock of Brazil (CNA) based on data from the Ministry of Economy. From January to October, 2021, agricultural exports have already reached US$ 102.4 billion, an increase of 19.5% compared to the

An OPEC panel said on Wednesday (Nov. 25) that the United States and several other countries’ decisions to release oil from their strategic petroleum reserves (SPR) could increase oversupply by 1.1 million barrels a day. The bloc which dominates the broader OPEC+ alliance, added that, as a result, the global oil surplus may reach 2.3 million barrels per day in January 2022

The price of platinum and palladium dropped over 5% on Tuesday (Nov. 23). Platinum lost 5.43% at 11:16 am ET, selling for $960.09 per ounce, while palladium fell by 5.86% at the same time, going for $1,844.78 per ounce. A general fall in prices of precious metals comes as the US dollar rallied following Federal Reserve Chairman Jerome Powell’s reappointment, a sign

Gold remained above $1,850 an ounce on Monday (Nov. 15), after climbing to a nearly five-month high last week as concerns about rising inflation prompted investors to go for the safe haven commodity. Gold futures gained about 2.9% last week after data showed consumer prices in the U.S. rose at their fastest annual rate in over thirty years in October. That data spurred

High energy prices are likely to mean less oil demand this year, the Organization of the Petroleum Exporting Countries (OPEC) said in its closely watched Monthly Oil Market Report released on Thursday (Nov. 11). The cartel said global demand for oil would grow by 5.7 million barrels a day this year, 160,000 barrels a day less than it expected in the previous month.