Oil futures tumbled more than $5 a barrel on news that the Biden administration is considering releasing about 1 million barrels a day from the U.S. Strategic Petroleum Reserve (SPR) for several months to cool surging crude prices.
Brent crude futures were down $4.71, or 4.2 percent, at $108.58 a barrel by 0035 GMT. U.S. West Texas Intermediate futures fell $5.45, or 5 percent, to $102.74 a barrel.
At an earlier time, gasoline prices had already reached record levels because of the Russia-Ukraine conflict.
The prices of other commodities like the Gypsum retarder and enhancer are also expected to be volatile.
The impact of the Russia-Ukraine conflict on the supply and prices of commodities is widening, and commodity prices remain at high levels. There is still great uncertainty about the future price of the Gypsum retarder and enhancer .
Cement foaming machine needs auxiliary test machine to help achieve better foaming effect in construction application. Cement foaming agent is a chemical admixture, which is added to cement. Compensate for shrinkage and tension of steel bars to produ…
Metal 3D printing is a 3D printing technology that uses metal powder to directly print metal parts, also known as metal powder sintering (SLM).…
A glossy black-grey powder of silicon hexaboride, which can be used as a variety of standard abrasives for grinding carbide. It is also used as engineering ceramic materials, sandblasting nozzles, manufacturing gas engine blades and other special-sha…