U.S.-based commodities funds posted the largest withdrawals of 2017, bleeding $1.2 billion during the latest week and sending a contrarian signal to rising oil and gold markets, Investment Company Institute (ICI) data showed. Crude oil futures and gold have both generated more than 4 percent returns apiece over the last month, but withdrawals accelerated for U.S. funds heavily invested in those assets. Kristina Hooper, global market strategist at Invesco Ltd, said the selling

Air pollution from ships is a serious problem that doesn’t get enough attention. Kelvin Boot explains how environmental science can help ensure industry plays by the rules. Europe has an estimated 80,000 ship-visits to ports each year, and many of those ships burn cheap, low-quality fuel that creates polluting exhaust emissions, containing sulphur, nitrogen oxides and particulate matter. This thick, dirty, tar-like fuel oil is what’s left behind after the crude oil has been r

Members of OPEC are scheduled to meet with Russia in Algiers on Wednesday to once again discuss a coordinated effort to stabilize the oil market. That meeting marks OPEC’s third attempt this year to discuss stabilizing actions, which thus far have ended in failure. Because of those past failed attempts, the market does not expect any action next week. In fact, just two of the 23 analysts surveyed by Bloomberg expect any agreement. However, while the market is discounting any