Myra P. Saefong
Moneyish
San Francisco, CA, United States
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Recent articles by Myra:
'Weather extremes appear to be increasing': Drought conditions send oats, wheat and other commodities soaring
Drought conditions in the U.S. and elsewhere are behind the tight supplies and price gains for a wide range of commodities, including oats, wheat, soybeans,... → Read More
EIA reports an unexpected weekly decline in U.S. crude supplies
The Energy Information Administration reported on Wednesday that U.S. crude inventories fell for the first time in four weeks, down by 400,000 barrels for... → Read More
U.S. consumers brace for double-digit percentage gains in winter heating bills
U.S. consumers will face sharp increases in energy costs this winter no matter what type of fuel they use to heat their homes, according to a report from the... → Read More
Gold prices head for sharpest gain in 2 weeks, aim to snap 3-session skid
Gold futures head higher on Tuesday, with the precious metal looking to end a three-session losing streak after the International Monetary Fund said the... → Read More
Gold aims for biggest one-day gain since mid-May as U.S. dollar weakens after Fed policy update
Gold futures on Thursday head sharply higher as the U.S. dollar weakens, even though the Federal Reserve indicated Wednesday that the central bank may taper... → Read More
U.S. oil futures mark first loss in 5 sessions
U.S. oil futures settled with a loss on Monday, marking the first decline in five sessions as traders continued to weigh the prospects for energy demand... → Read More
Gold falls under $1,800 an ounce to mark lowest finish in nearly 3 weeks
Gold futures fell under $1,800 an ounce on Monday to mark their lowest settlement in almost three weeks. "While optimism is growing around the economy as we... → Read More
Coffee futures soar 10%, score biggest 1-day gain in over 7 years
Coffee futures moved up by 10% on Thursday, with prices posting their largest single-session gain since early 2014 and their highest settlement in more than... → Read More
Why the oil market likes the OPEC+ deal but prices don’t show it
The oil market is happy with the OPEC+ decision to gradually lift production further starting in August, but the sharp price move lower on Monday certainly... → Read More
Oil prices up for third week to highest in over 2 years as IEA forecasts pre-COVID demand levels by late 2022
Producers will need to increase output to keep up with demand recovery, the International Energy Agency said on Friday. → Read More
U.S. oil futures end at highest in more than 2 years
Oil futures climbed Monday, with optimism that an economic recovery in the U.S. and Europe will lead to higher energy demand sending U.S. prices to their... → Read More
Oil prices on track for highest finish since March, buoyed by trader optimism over the demand outlook
Oil futures move up on Monday, finding support as signs of a demand recovery in the U.S. and Europe feed optimism over the outlook for energy demand, despite... → Read More
Colonial Pipeline initiates restart of pipeline operations, says it'll take several days for product delivery to return to normal
Colonial Pipeline announced Wednesday that it has "initiated the restart of pipeline operations" as of 5 p.m. Eastern time, following a ransomware-related... → Read More
U.S. retail gas prices top $3 a gallon for the first time in over 6 years
U.S. gasoline prices topped $3 a gallon on Wednesday for the first time in about six-and-a-half years --- and it wasn't because of the Colonial Pipeline... → Read More
Here’s what the shutdown of the Colonial Pipeline means for gas prices and energy markets
Colonial Pipeline is aiming to "substantially" restore operations by the end of the week --- a goal that analysts say could avert widespread panic at the... → Read More
‘Summer scramble’ for gasoline on tap amid tank-truck driver shortage
Retail stations aren’t likely to suffer from a widespread shortage of gasoline, analysts say, despite all the talk lately about a lack of tanker drivers to... → Read More
Copper prices post highest finish in more than 9 years
Copper futures scored a third-straight weekly gain on Friday to notch their highest finish in more than nine years, with plans to improve the U.S.... → Read More
Oil prices went negative a year ago: Here’s what traders have learned since
It’s been a year since the U.S. benchmark West Texas Intermediate crude futures settled at a negative price for the first time, and while prices have... → Read More
Why gold’s biggest quarterly drop in 4 years doesn’t mark the end of its bull cycle
After suffering its biggest quarterly loss since 2016, gold stands as one of the few commodities trading lower this year, but prices still have room to run... → Read More
Nuclear power proves its resilience a decade after Japan’s Fukushima disaster
It has been a decade since the Japan nuclear disaster caused the energy industry to rethink the safety of the power source. But the event hasn’t led to the... → Read More