From Investing.com: 2025-03-12 01:05:00

Weak USD supported commodities complex. Energy prices rose, ICE trading below $70/bbl. API reported bearish numbers: US crude inventories up 4.2m barrels, Cushing crude down 1.2m barrels. EIA reduced oil surplus estimates for 2025 and 2026. European gas prices up 3.6%, cold weather forecasted. Trump threatened to increase tariffs on Canada but backed down. Broader tariffs of 25% on aluminium and steel imports in effect. Agriculture: USDA projects larger wheat stocks, global balance revised downward. Wheat and corn ending stocks estimates increased.



Read more at Investing.com: Crude Oil Prices Climb Amid US Dollar Decline and Supply Concerns