Commodities News
Latest commodities news, gold prices, oil market updates and analysis of key global resources
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WTI Crude Slips as U.S. Oil Output Hits Record High and Cushing Stays Near Lows
WTI crude eased even as geopolitical risk in the Strait of Hormuz kept the market on edge. U.S. production returned…
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Fort Knox Gold Reserves Back in Focus as Bessent Says $1 Trillion Hoard Is Intact
Treasury Secretary Scott Bessent says U.S. gold reserves at Fort Knox and other sites are fully accounted for, reviving debate…
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WTI Crude Holds Near $79 as 117 Million Barrels at Sea Cap Oil Rally
WTI crude traded near $79 while Brent hovered around $85 even after renewed Gulf tensions. Rising oil-on-water inventories and expectations…
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Gold Price Holds Near $4,027 as Central Bank Buying Counters Rate Pressure
Gold hovered near $4,027 an ounce as softer U.S. inflation data failed to trigger a breakout. Strong central bank demand…
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EU Russian LNG Imports Hit Record 9.97 Million Tons Before 2027 Ban
European buyers imported a record 9.97 million metric tons of Russian LNG in the first half of 2026, even as…
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Strait of Hormuz Dispute Deepens as Oil Jumps and Ships Keep Moving
Conflicting claims over the Strait of Hormuz intensified after fresh U.S.-Iran strikes, even as commercial vessels continued transiting the key…
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Oil Holds Near $74 as US-Iran Tensions Disrupt Strait of Hormuz
WTI crude climbed 3.5% to $73.90 as the Strait of Hormuz remained closed amid renewed US-Iran hostilities. Investors are weighing…
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Strait of Hormuz Tensions Lift WTI Crude to $74.09 After Trump Remarks
Fresh comments about U.S. control of the Strait of Hormuz pushed oil higher and added to geopolitical risk across currency,…
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Oil Surge and SK Hynix Selloff Hit Global Stocks as Strait of Hormuz Tensions Rise
Global markets opened the week under pressure as Middle East tensions pushed oil higher and a record drop in SK…
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Saudi Strike on Sanaa Airport Escalates Yemen-Iran Tensions
Saudi warplanes struck runways at Sanaa International Airport on July 13, 2026, to prevent an Iranian passenger plane from landing.…