Commodities News

Oil Holds Above $50 in New York as Market Waits for Output Deal

Crude settled above $50 a barrel as investors assessed the likelihood of a deal to reduce supply after Russia’s energy minister said the country’s oil output may rise to a record next year.

Rare U.S. Gas Phenomenon Signals Price Shocks as Glut Shrinks

12:02 am ET

A rare phenomenon in U.S. natural gas futures suggests traders may be in for a wild ride as a supply cushion shrinks, leaving the market at risk of price swings.

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