Research type: Commodities
Freeport-McMoRan (FCX) stock is up more than 2.5% today. Other copper miners are also in the green, although the Dow Jones is trading sideways.
EIA inventory data showed a buildup of 104 Bcf (billion cubic feet) in natural gas inventories. The EIA reported the natural gas inventory on October 17.
On October 17, the EIA released its inventory data. US crude oil inventories rose by 9.3 MMbbls—far above the Reuters poll for a rise of 2.88 MMbbls.
Today, as of 6:28 AM ET, US crude oil prices have risen 1.8%. Oil prices rose after the media reported that a missile hit Iranian oil tankers in the Middle East.
U.S. Steel announced a new organizational structure and operating model. Will the company's latest transformational steps help it tide the weak market?
On October 6, in a surprise move, President Donald Trump decided to withdraw all US troops from northern Syria. What does this mean for oil?