Thursday, June 12, 2025

Oil Posts Biggest Weekly Gain Since July Amid Global Conflict

From Bloomberg Geopolitics, Not OPEC, Roils the Commodities World Crude posted its largest weekly gain since July as geopolitical tensions threatened to accelerate the tightening of global supplies. Futures rallied for a fifth day to the highest since 2014 in New York on Friday. The U.S. benchmark crude ended the week up 8.6 percent amid simmering disputes across the Mideast

Over-the-Road Tractor-Trailers with Alternative Propulsion Are Catching on with Buyers

Last week, Oslo’s Nel ASA (ticker: NEL) reported it had received a $5.5 million purchase order from Salt Lake City’s Nikola Motor Company. It sounds like the normal course of business, except when you consider the order from the Utah-based semi-truck manufacturer was responding to a bump in demand for its hydrogen electric over-the-road trucks. Nel Hydrogen is a manufacturer