Price Moves West Texas Intermediate (WTI) crude for March delivery rose 90 cents to $75.99 a barrel. March Brent crude, the global benchmark, was up 80 cents at $80.43 a barrel on ICE Futures Europe. Market Drivers Oil futures saw an upswing in response to significant drops in U.S. crude inventories and production. The Energy Information Administration reported a … [Read more...] about Oil Futures Rise as U.S. Crude Inventories and Production Drop
Refined Products
Archer Daniels Midland’s Q2 Performance Analysis
Archer Daniels Midland (ADM) experienced a decline in its crushing results during the second quarter, following a record-breaking performance in the same period last year. Ag Services & Oilseeds ADM highlighted that its South American origination results witnessed a year-over-year increase. The team achieved record volumes and higher margins, driven by strong export demand. … [Read more...] about Archer Daniels Midland’s Q2 Performance Analysis
