The United States will release details on Monday regarding recent trade negotiations with China, which include an agreement to exempt certain goods from potential future tariffs, U.S. Trade Representative Jamieson Greer announced.
A global sell-off in government bonds accelerated this week, pushing the benchmark 10-year U.S. Treasury yield to its highest level since the financial crisis amid persistent inflation fears and strong economic data.
Unexpectedly competitive midterm races in Iowa and Kansas are prompting a surge in Republican spending and high-profile campaign visits, as voter dissatisfaction over economic issues mounts in traditionally safe GOP territory.
European natural gas futures are on track for their steepest weekly decline since mid-June, as traders take profits and concerns over Middle East LNG transit disruptions ease.
The price gap between U.S. and global crude oil benchmarks has surged as markets price in the risk of a potential U.S. ban on diesel exports, a move that could force domestic refiners to slash production.
U.S. commercial crude oil inventories rose by 3.0 million barrels last week, contrary to analyst expectations for a decline, while gasoline and distillate stockpiles fell, according to the Energy Information Administration.
Chicago soybean futures edged lower as a newly announced tariff truce with China and a significant daily export sale were offset by disappointing weekly sales figures and the lack of a broader trade agreement.
Oil prices retreated on Friday, pulling back from a sharp rally, after reports emerged of potential U.S.-Iran negotiations to reopen the Strait of Hormuz, easing some supply concerns.
European natural gas benchmarks fell over 8% this week, the largest decline since mid-June, as traders took profits and concerns over Middle East LNG supply disruptions subsided. Despite the drop, low storage levels continue to pose a risk for the winter.
