Tag: Prices

Oil prices plunge negative to hit all-time low

U.S. crude oil prices have plunged to all-time lows, raising further concerns over the future of electric vehicles as gas becomes more affordable. Future speculation on the May contract for West Texas Intermediate crude oil has kept plunging Monday. After falling to below $ 1 per barrel, prices went negative for the first time ever.…

Canadian mills’ woes drive up lumber prices

Beetles, tariffs and mill closures have cut into Canada’s share of the U.S. lumber market, lifting prices by about a third over the past year and shifting even more logging to the U.S. Southeast. About two billion board feet of annual lumber production has been curtailed by mills in British Columbia, much of it permanently.…