Commodities & Futures

Saudi Arabia enters the final day of negotiations before a crucial OPEC meeting with a stark choice: Take on the lion’s share of oil-output cuts, or walk away from a deal if other producers won’t help.

Canadian Prime Minister Justin Trudeau turned down a proposed Enbridge Inc. pipeline to the West Coast, while approving a less controversial expansion of a Kinder Morgan Inc. corridor.

Gold prices pared losses Tuesday, as the dollar weakened. Gold for February closed down 0.3% at $1,190.80 a troy ounce on the Comex division of the New York Mercantile Exchange.

President-elect Donald Trump says he plans to make America energy-independent. He may receive an unintended boost next week in the form of an oil production cut by OPEC, which could raise crude prices.

Oil prices have jumped 8.7% since Nov. 14 when OPEC said its members agreed to cut output. Options players are betting on another 17% run-up in prices.

Gold climbed on Monday following a three-week rout, as the U.S. dollar retreated from highs that have pummeled gold prices.

Iran and Russia have emerged as potentially deal-breaking obstacles to cuts in global oil production as OPEC members engage in a last-minute blitz of diplomacy ahead of a meeting on Wednesday.

Zinc prices shot up to a nine-year high in Asia trading, lifting the gain for 2016 past 39% and leading a metals rally driven by robust demand in China and Beijing’s steel-capacity clampdown.

China’s crop of agricultural data is growing, but the influential commodities player continues to face a stubborn problem: lack of trust in the data’s reliability.

In November—as well as for a short period in September—the U.S. shipped out more gas than it brought in, further evidence of how the domestic oil and gas boom is reshaping the global energy business.

Schlumberger, the world’s largest oil driller by market value, said Sunday it had signed a preliminary deal to study an Iranian oil field, as Donald Trump’s presidential victory has yet to deter U.S.-connected companies from dealing with Tehran.

Copper prices rose to a 17-month high Friday, boosted by an improving demand outlook and a weaker U.S. dollar.

Saudi stocks could lose their new veneer of bullishness if the coming OPEC meeting goes badly.

Natural gas rose to a three-week high as colder weather boosted optimism about demand for heating consumption.

Metal prices rallied, despite a strengthening dollar, as a pledge by China’s president to support a free-trade area in the Asia-Pacific boosted optimism about Chinese demand.

A record fall harvest and surging crop exports are boosting U.S. railroad operators, who are still feeling pain from the collapse of coal and oil shipments.

Brazilian mining giant Vale SA says it hopes to restart operations in mid-2017 at its Samarco Mineração SA joint venture, which has been shut down since a dam failure killed 19 people in November 2015.

U.S. stocks edged higher, as gains in health-care stocks helped offset losses in the energy sector.

Natural gas prices settled lower Tuesday, reversing earlier gains, as investors took a breather from a six-day rally and awaited further clues to demand trends this winter.