Oil's two-day rally, fueled by short-covering and bargain-hunting, fizzled as investors focused on oversupplies.
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Due to the state of the Brazilian economy and oversupplies, it was unable to pass through a price increase.
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Both Brent and WTI have slid from highs of more than $100 a barrel since mid-2014, pressured by oversupplies.
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Returns on commodity farmland have declined as grain prices have dropped for the past three years due to global oversupplies.
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Large grain traders that make money by buying, selling, storing and shipping crops have grappled in recent years with global oversupplies.
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For the past four years, Deere has been struggling against weaker demand for farm equipment as global oversupplies kept a lid on prices.
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The potential deal comes as large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled with global oversupplies.
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For the past four years, Deere has been battling weak demand for farm equipment as global oversupplies pushed down prices, sending U.S. farm incomes plunging.
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Shares in key oil stocks like Sbm Offshore and Total slipped to close sharply lower, over 3.5 percent, as long-term concerns over oil oversupplies continue.
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Batchelder takes over at a tough time for commodities merchants as prices of oil, metals, corn and soybeans have tumbled amid concerns about faltering growth and oversupplies.
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Oil oversupplies, China's economic slowdown, worries over a US Fed rate hike in March and an upcoming FOMC meeting next week in the US are keeping fundamentals weak.
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But the market has gyrated since hitting above $50 as a glut of refined products replaced worries about crude oversupplies that caused a near two-year long tumble earlier.
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Oil prices have more than halved from highs above $100 a barrel in mid-2014 as surging production from U.S. shale oil combined with other global oversupplies and OPEC output.
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Oil prices closed lower on Friday as the dollar surged on robust U.S. jobs data, reasserting its influence over commodities as two days of short-covering and bargain-hunting in crude fizzled, bringing attention back to oversupplies.
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In addition to banking and tax reform, major cannabis businesses want to be able to ship vast oversupplies of cannabis from states suffering price crashes like Oregon to states like Louisiana, where medical weed is technically legal but not widely available.
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India is the world's biggest edible oil buyer and frequently imports pulses, or lentils, because many Indian farmers tend to swing from one commodity to another depending on government incentives, leading to oversupplies one season and shortages in the next.
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As crude prices have recovered to between $40 and $50 a barrel, some have announced plans to increase oil rig production, threatening to put more oil into a market struggling to work through oversupplies of both crude and refined fuel products.
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But the production explosion they helped fuel led to one of the biggest crude market oversupplies in history, resulting in a downturn in the second half of 2014 that has sent prices spiraling more than 70 percent from over $1.63 a barrel to a low of $26.
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Strategically located between the Canadian Pacific and Canadian National railroad tracks in Lloydminster, the refinery soon began to get contracts for locomotive bunker fuel. The company also found a strong market for asphalt for road building. Husky's move into the area spurred drilling and production. Within two years of Husky's arrival, there were oversupplies of heavy oil and shortages of storage space.
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