Back to News
Market Impact: 0.28
Sugar Prices Fall as Crude Oil Gives Back Some Gains
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsEnergy Markets & Prices
October NY world sugar #11 futures fell 3.10%, while October London ICE white sugar futures declined 2.82% on Friday. The selloff was linked to a more than 2% drop in WTI crude oil, which partially reversed crude's 6.7% gain on Thursday and weakened support for sugar prices.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mildly negative
Sentiment Score
-0.38
More News
- Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping
- Saudi Arabia says East-West pipeline hit by drones launched from Iraq
- The Houthis have created a new front in the Middle East oil war that’s pushing up prices
- A Fed hike next week seems certain after the latest inflation data. Here's what's ahead
- Core CPI Hikes Ahead of FOMC Meeting
- The inside story on the historic U.S.-Venezuela oil deal and how it will work