Energy

Oil rises around $109 on demand growth prospects

Oil climbed to around $109 a barrel on both sides of the Atlantic on Friday after economic data and a sharp decline in U.S. crude stockpiles signalled stronger demand for fuel in the world's top oil consumer. FULL STORY »

US crude hits 16-month high above $108

U.S. crude oil hit its highest level in 16 months on Thursday, rising above $108 a barrel on signs of a stronger U.S. economy and shrinking its discount to North Sea Brent to the narrowest in almost three years. FULL STORY »

US crude hits 16-month high, Brent-WTI spread near $1

U.S. crude oil hit the highest level in 16 months on Thursday, rising above $108 a barrel on signs of a strengthening economy in the United States and narrowing its discount to North Sea Brent to the lowest in almost three years. FULL STORY »

Oil rises as U.S. inventories drop again, gasoline off

Brent crude inched higher on Wednesday while gasoline prices fell slightly after the U.S. Energy Information Administration reported further draws in American crude stockpiles and larger-than-expected increases in gasoline inventories. FULL STORY »

U.S. refineries are running at high levels

Crude runs at U.S. refineries have increased steadily since early March to reach some of the highest levels on record. FULL STORY »

U.S.2013/14 wheat exports boosted

The 2013/14 July-June U.S. export projection is increased 3.0 million tons this month to 29.5 million, with the June-May local marketing year up 100 million bushels to 1,075 million. FULL STORY »

Expanded Chinese wheat demand weighs on use, stocks

This month’s changes are mainly driven by revisions of the Chinese supply-and-demand estimates for both 2012/13 and 2013/14. FULL STORY »

Oil steady after cautious Fed remarks

Brent crude oil held around $108 a barrel on Wednesday after the U.S. Federal Reserve Chairman said plans to roll back the central bank's economic stimulus later this year were not set in stone. FULL STORY »

Brent rises as U.S. gasoline hits 4-month high

Brent crude edged higher on Tuesday as U.S. gasoline surged to four-month highs, fuelled by refinery problems in the midst of the summer driving season and rising prices for ethanol credits. FULL STORY »

2012/13 ending wheat stocks down with increased feed use

Domestic use of wheat for 2012/13 is projected at 1,407 million bushels, down from June, but 224 million bushels higher than 2011/12. FULL STORY »

World wheat production projected up slightly this month

Global wheat production in 2013/14 is projected to reach 697.8 million tons, up 1.9 million this month. FULL STORY »

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