OECD oil stocks approach operational minimums as Hormuz closure nears May deadline
JPMorgan analysts warn OECD oil inventories will hit operational minimums by late May, potentially shifting price growth from linear to exponential.
Commodities
Chocolate makers keep candy prices high after cocoa shock
David Branch said better weather and more supply could ease cocoa costs, but he expects little relief for consumers before Halloween.
Gold falls 22% from January peak as bear market deepens
Gold fell as much as 2% Tuesday and logged its worst weekly drop since 2011 last week, as markets scaled back expectations for aggressive Fed rate cuts.