Oil fell for a third day, the longest losing streak in nine weeks, as inflation in China bolstered speculation the world’s biggest energy user will take more steps to cool the economy and slow fuel demand. ›
Prices of prompt coal cargoes stabilised on Wednesday but in the very short-term more profit-taking and liquidation of long positions is expected to trim prices before the fundamentally driven uptrend continues. ›
Futures trading in European Union carbon allowances fell and an investors group said it was “very concerned” after regulators disabled spot transactions in the world’s biggest emissions program because of alleged hacking. ›
Oil Pares Gains on Speculation U.S. Oil gave up earlier gains to trade near $89 a barrel on speculation the closure of an Alaskan crude pipeline will be short-lived and the U.S. has sufficient stockpiles to make up for reduced supply. ›
