Category: Inventory
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Oil sheds nearly 2% despite surprise US crude stock drawdown
[ad_1] Oil prices fell more than 1% on Wednesday despite the first decline in U.S. crude inventories since January, as markets were affected by a solemn address from U.S. Federal Reserve chairman warning that economic recovery from the coronavirus pandemic would take many months. The markets have rallied in the last several days on optimism…
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US fuel ethanol spot prices widen as inventories fall, demand rises
[ad_1] HOUSTON (ICIS)–US fuel ethanol prices widened this week, as fuel demand continues to rise. The US Department of Agriculture’s (USDA) outlook for the current corn crop is for record high production, greater exports and larger ending stocks according to the May World Agricultural Supply and Demand Estimate (WASDE) report. About 40-50% of corn grown…
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Top car deals may not last much longer
[ad_1] Production and inventory may affect top deals Vehicle production shuttered for more than six weeks If car buying ramps up soon, popular models could be in short supply Deals may dry up on trucks and SUVs Inventory and incentives may remain strong for small cars and SUVs Even in mid-April, at the peak of…