Louisiana Light • 2 days | 86.21 | -0.05 | -0.06% | |||
Bonny Light • 1 day | 87.76 | -0.66 | -0.75% | |||
Opec Basket • 2 days | 85.92 | +0.49 | +0.57% | |||
Mars US • 146 days | 77.67 | -1.57 | -1.98% | |||
Gasoline • 3 hours | 2.697 | +0.012 | +0.45% |
Bonny Light • 1 day | 87.76 | -0.66 | -0.75% | |||
Girassol • 1 day | 87.46 | -0.69 | -0.78% | |||
Opec Basket • 2 days | 85.92 | +0.49 | +0.57% |
Peace Sour • 5 hours | 74.10 | -0.27 | -0.36% | |||
Light Sour Blend • 5 hours | 73.60 | -0.27 | -0.37% | |||
Syncrude Sweet Premium • 5 hours | 82.35 | -0.27 | -0.33% | |||
Central Alberta • 5 hours | 74.00 | -0.27 | -0.36% |
Eagle Ford • 2 days | 78.10 | -0.33 | -0.42% | |||
Oklahoma Sweet • 2 days | 78.00 | -0.25 | -0.32% | |||
Kansas Common • 2 days | 71.75 | -0.50 | -0.69% | |||
Buena Vista • 3 days | 85.65 | +1.02 | +1.21% |
Azerbaijan seeks to capitalize on…
The shift in Fed Chair…
Platinum made its biggest gains today since May amid investor concerns over tensions with minors in South Africa and clashes between strikers and security forces that left 44 dead last week.
With concerns about supply rising, platinum gained 1.3%, settling at $1,518.75 an ounce today, for an overall increase of 9.2% in the past week, according to Reuters.
While security forces and miners clashed last week at the Lonmin mine, other tensions among miners themselves are brewing, with strikers blocking other miners from work at the Rasimone mine owned by Royal Bafokeng Platinum.
The tension may also spread to the largest platinum mine in the country, Anglo American Platinum, where workers have also demanded higher wages. Anglo American Platinum is the world’s largest producer of platinum.
Analysts predict that the unrest will lead to a significant reduction in the current market surplus, and possibly even a deficit by next year.
Among other things, platinum is used in the auto industry for catalytic converters.
By. Charles Kennedy of OIlprice.com
Russia Demands Oil Producers Slash Output for OPEC+
U.S. Northeast Gasoline Reserve Could Be Sold Off
World’s Top Oilfield Services Provider Not Leaving Russia
Ukraine Drone Attacks Knock Out 600,000 Bpd of Russian Refining Capacity
U.S. Crude Oil, Gasoline Inventories Continue to Drop
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Merchant of Record: A Media Solutions trading as Oilprice.com