Commodities News

Oil Surges Most Since June 2012 as Low Price Seen Curbing Output

Crude in New York advanced the most since June 2012 after a drop in the U.S. rig count signaled the slump in prices over the past seven months will curb output.

Sugar Imports Seen Falling for Iran to Nigeria After Oil’s Slump

3:48 am ET

Oil-producing nations from Iran to Nigeria and Russia are cutting sugar imports as lower crude prices curb their ability to obtain dollars to make payment, according to Claudiu Covrig, an analyst at McGraw-Hill Financial Inc.’s Platts Kingsman.

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