U.S. producer prices fell in February on lower energy and food costs, but prices were unchanged from a year ago, suggesting the downward trend was near an end.
After deserting commodities markets during last year's slide, some hedge funds are starting to move back in, betting a recent pick-up in energy prices could signal a turning point.
Countries with tough environmental policies such as carbon levies and air pollution rules are not at a big disadvantage when trading globally compared with countries that have looser regulations, a study by the OECD said on Thursday.
Oil prices are moving lower after a surprise crude oil build reported by the API last evening as well as in anticipation of the U.S. Federal Reserve announcing an interest rate hike at the conclusion of their meeting today.
Bulgaria is working for the creation of a regional energy exchange for Southeast Europe. The electricity market in Bulgaria will be fully liberalized within a few months.
Oil prices rebounded after some of the biggest names in the hedge fund world and private equity lost billions betting on a rebound in energy prices and distressed energy debt. What’s more, many of them are staying with it.
“The bill would severely impair the Federal Reserve’s ability to carry out its congressional mandate and would be a grave mistake, detrimental to the economy and the American people.”
Demand for commodities is in the doldrums, but the fundamentals of uranium and lithium are favorable when compared with other materials, says Paul Renken, mining analyst for VSA Capital Ltd.
