Earlier today Steve Mnuchin, Secretary of the US Treasury Dept, stated “It can be assumed that the Trump administration is looking at the US government taking stakes in energy companies as one option. The administration is looking at several options to help the oil and gas industry.”
More than 2.4 million barrels of crude is to be delivered to Cushing next month in fulfilment of WTI Contracts, exchange operator CME Group disclosed on Wednesday.
Mercifully, the week came to a close for crude oil, which saw value drop more than 7 percent. Heating oil prices experienced a steeper decline, falling over 32 percent to 64.67 cents per gallon. Heating oil futures are down more than 68 percent relative to a year ago. Soybean oil futures dropped nearly five percent, closing the week at 25.05 cents per pound and…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...