This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, November 29, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. The one trade that dominated most of 2022 has given up almost all of its gains. Oil touched its lowest level of the year on Monday morning,… Source link
Read More »Indonesia, the world’s top cooking-oil exporter, says it’s going to ban exports of the oil this week, and it’s sent the global prices of edible oils soaring
Indonesia, a top palm-oil exporter, is planning to ban exports beginning on Thursday. Palm oil, the world’s most used vegetable oil, is used in cooking and a range of consumer products. Palm-oil and competing soybean-oil prices are jumping after news of the ban. The world’s top palm-oil producer announced that it would ban exports of the commodity starting on Thursday, sending the prices of edible oils soaring. Indonesia accounts for about half of the world’s supply of palm oil, the world’s most… Source link
Read More »Oil’s magic number that everyone is talking about: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, March 9, 2022 With prices ‘unhinged,’ next stop could be $150 (or higher) Uncle Sam is preparing to hit the Siberian bear where it hurts. And a lot of people will be feeling the pain. On Tuesday, President Joe Biden vowed to do the previously unthinkable: ban Russian energy imports in response to its invasion of Ukraine. Although… Source link
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