With a potential supply deficit raised by the International Energy Agency, oil prices (CL=F, BZ=F) have soared to a four-month high. Behind the agency's warning are ongoing OPEC+ production cuts and persistent geopolitical tensions that continue to disrupt the global energy landscape. Yahoo Finance's Ines Ferré breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
With a potential supply deficit raised by the International Energy Agency, oil prices (CL=F, BZ=F) have soared to a four-month high. Behind the agency's warning are ongoing OPEC+ production cuts and persistent geopolitical tensions that continue to disrupt the global energy landscape.
Yahoo Finance's Ines Ferré breaks down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith
Bloomberg
(Bloomberg) -- Traders are betting against volatility in raw materials prices, countering the commodity sector’s notoriously boom-and-bust history.Most Read from BloombergPutin Says Ukraine Deal Requires Security Pledges for RussiaUS House Passes Bill That Would Force TikTok Sale or Ban ItAn $80 Billion Crash in India’s Small Caps Flashes Warning SignsUkraine Hits Third Russian Refinery in Escalating Drone StrikesEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryWhether it’s an oi
Barrons.com
Shares of Graphjet, a maker of graphite and graphene, a so-called nanomaterial 200 times as strong as steel, are now trading on the Nasdaq after the company closed its merger with a special-purpose acquisition company earlier in March. Many shareholders took that option, with shares trading below $10 into the merger’s closing. Plants, like most life on Earth, are carbon-based; Graphjet essentially cooks the husks down to just the carbon.
Reuters
COPENHAGEN (Reuters) -The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk CEO Vincent Clerc told the group's annual meeting of shareholders on Thursday. Maersk last month warned that container shipping overcapacity would hit profits this year, in contrast to the record earnings achieved in the wake of the pandemic. "Freight rates have fallen significantly since the good years of 2021 and 2022, and have fallen actually to an unsustainable level," Clerc said.
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